Page 154 - Motor Insurance Ebook IC 72
P. 154

The Insurance Times

         (4) Miscellaneous and special Types of Vehicles -
              The rates vary according to type of vehicle.

Q 12. Describe the cover granted by Section II-Liability
         to Third Parties of Commercial Vehicle Policy B.

Ans. Cover granted by Section II-Liability to Third Parties
         of Commercial Vehicle Policy B - This Section provides
         the following coverage: 1. Liability to Third Party -
         This section provides indemnity to the insured in the
         event of accident caused by or arising out of the use
         of the vehicle against all sums, including claimant's
         cost and expenses, which the insured shall become
         legally liable to pay in respect of

         (i) death/bodily injury to any person caused by or arising
              out of the use (including the loading and/or unloading)
              of the motor vehicle;

         (ii) damage to third party property caused by the
              use (including the loading and/or unloading) of the
              motor vehicle.

         2. Legal costs and expenses - The insurer will also
              pay all legal costs and expenses incurred with its
              written consent.

         3. Indemnity to driver - The indemnity under this

Website: www.bimabazaar.com Call: 033-22184184 / 40078428  154

Copyright@ The Insurance Times. 09883398055 / 09883380339
   149   150   151   152   153   154   155   156   157   158   159