Page 136 - Motor Insurance Ebook IC 72

The Insurance Times

Q 1. Define the scope of Standard Form for Private
Car and Two wheelers Package Policy?

Ans: Package Policy: There are minor variations in the
coverage for Own Damages for Private cars and two
wheelers under the Package policy. They are being
taken together for learning purpose, the variations being
clarified as we go along.

SEC. I Risk Covered
The company will indemnify the insured against loss or
damage to the insured Motor Car and its accessories
whilst thereon:
A. by fire , explosion, self-ignition or lightening
B. by burglary, housebreaking or theft
C. by riot and strike
D. by earthquake ( fire and shock damage)
E. by flood, typhoon, hurricane, storm, tempest,

inundation, cyclone, hailstorm, frost
F. by accidental external means
G. by malicious act
H. by terrorist activity
I. whilst in transit by road, rail inland waterway, lift

elevator or air
J. by landslide/rockslide

The contract is not to "pay" the loss to the insured but to
"indemnify" him against his loss. Thus if parts are

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