Page 300 - Misc Ebook IC 78

The Insurance Times

(iii) Pedal cycle insurance - Provides cover for (A)loss or
damage of the pedal cycle by Fire, lightning, explosion,
burglary, housebreaking, theft, or by accidental external
accidental means and legal liability of the insured.(Subject
to an excess of Rs.10 per claim).(B) Insureds legal
liability for bodily injury to the public and damage to the
property of the public, subject to a specified limit, say,
Rs.15,000. The insured can opt for both (a) and (b) or
only (b).

(C) Loss or damage to rubber tyres, lamps, tools and
accessories is covered only if they are lost or
damaged in the same accident in which the insured
pedal cycle is also damaged. (D)Theft of these parts
is covered if the insured pedal cycle is also stolen at
the same time. The cover is not valid if the insured
pedal cycle is overloaded, or in racing, pace making
or speed tests.

Exclusions: Usual wear and tear, mechanical
breakdown, as also losses arising from war, riot, strikes,
earthquake and such other convulsions of nature.

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