Page 389 - Motor Insurance Ebook IC 72
P. 389
Guide for Motor Insurance
trader's premises as defined above may be
covered but only 50% of the superficial area of
such car parks is to be used for premium
calculation purposes. Endorsement IMT- 64 is to
be used.
3. More than one Premises.
In case of premises within 450 meters by road of
any other premises, all belonging to one owner and
insured under one Policy, all such premises may be
deemed to be one, or if preferred, any or all such
premises may be dealt with as separate premises.
Subject to this, each premise is to be rated as a separate
risk both as regards superficial area and wages and the
premiums totaled.
The resultant premium may be reduced by the following
discounts:
Exceeding 2 premises but not
exceeding 5 premises ......... 20%
Exceeding 5 premises but not ......... 25%
exceeding 10 premises
Exceeding 10 premises ......... 30%
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