Motor Comprehensive
Introduction
Our Motor Cycle Comprehensive Insurance offers broad protection for your motorcycle, providing coverage you can rely on for the risks your motorcycle may face.
Covers
Loss or Damage to the Vehicle
This policy covers loss or damage to the insured motorcycle caused by:
- Accidental external means
- Fire, external explosion, self-ignition, lightning and frost
- Burglary, housebreaking and theft
- Malicious acts
- Riot and strike damage
- Flood, typhoon, hurricane & cyclone
- Earthquake, volcanic eruption or other convulsion of nature
- Risk while in transit by air, road, rail, inland waterway, lift or elevator
- Transport of the motorcycle to the nearest workshop if it breaks down (subject to a limit of Rs. 100)
- If the motorcycle is disabled due to loss or damage:
- The insured may authorize repairs for damage where the company’s liability does not exceed Rs. 200 for such repairs.
- A detailed estimate of the costs incurred must be provided to the company.
Third Party Liability
This insurance also covers third-party liability for:
- Death or bodily injury to a third party (excluding any person employed by the insured)
- Damage to the property of a third party (except property held in trust or custody by the insured)
- Indemnity to any person driving with the insured’s order/permission, provided they are not covered under any other policy
- Indemnity to the insured while driving a vehicle not owned or hired by the insured under a hire-purchase agreement
- In case of third-party death, indemnity to the deceased’s personal representatives subject to policy terms and limits.
Conditions
- The insured must notify the company immediately in the event of a claim.
- If the insured vehicle is stolen, immediate notice to the police is required.
- If the insured loses original excise duty or taxation papers, the company must be informed within 48 hours.
- The policy may be cancelled by either the company or the insured with 7 days’ notice, and the premium will be returned on a pro rata basis.
Key Terms
| Term | Details |
|---|---|
| Age | Manufacturing year 2013 and above |
| Maximum Sum Covered / IEV | Rs. 225,000/- |
| Vehicle Type | Private |
| Premium Rate | For Honda – 11.25% of I.E.V |
| Deductible | 15% of IEV in case of Theft/Snatch |
Exclusions
This policy does not cover:
- Consequential loss
- Depreciation and wear and tear
- Mechanical and electrical breakdowns/failures
- Damage to tyres and battery unless the vehicle is damaged at the same time (in which case the company is liable for 50% of replacement cost)
- Loss arising from theft or criminal misappropriation or breach of trust by the insured’s driver or known person
- Any accident or injury occurring outside the geographical area
- Claims arising from contractual liability
- Any loss occurring when the vehicle is driven by a person not described in the schedule
- Any loss due to radiation, nuclear fuel, or weapons
- Any loss resulting from the insured driving under the influence of alcohol or drugs
- Any loss caused by war or civil unrest
- Other exclusions as detailed in the Insured Membership Document.
Product Benefit Table
| Add-On | Amount (PKR) |
|---|---|
| Personal Accident Cover of Rs. 100,000/- for the Rider | FREE |