Page 187 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

Provided there is a valid claim under the policy for
this accident. The sum insured to be decided in
advance and will range between Rs. 10,000 to Rs.
50,000/-. The per occurrence limit will not exceed
50% of sum insured.

6. Loss of personal belonging: Loss of personal
belonging lying in the insured vehicle due to perils
covered under the OD section of the policy following
accident to the insured vehicle. Personal belonging
do not include money securities or valuable or goods
of trade or samples and items of similar nature. The
sum insured to be decided at the time of taking
insurance and cannot exceed Rs. 50,000. A
deductible of Rs. 250 applies.

7. Key Replacement: Cost of replacement of locks
and keys if vehicle broken into or cost of replacement
of lost/stolen keys. The sum insured ranges
between 10,000 and 35,000. The per occurrence
limit is 50% of Sum Insured. OD claim is not a
condition for this cover.

8. Daily Allowance: This cover is available in the
event of damage to the vehicle by an insured peril
wherein time taken to repair the damages or
recover will exceed 3 days. The policy will pay
costs incurred for hired transport up to 10 day for

Sashi Publications - www.sashipublications.com 187

Copyright@ The Insurance Times. 09883398055 / 09883380339