Some Important Insurance Terms for your understanding of the Motor Insurance Cover Own Damage Cover: Own Damage or OD means Loss/Damage to your motor vehicle and/or accessories due to specified PERILS (risks/hazards) Fire *Self Ignition *Explosion *Lightning *Theft * Burglary *Housebreaking *Riot *Strike *Earthquake *Flood and allied perils *Accidental external means *Malicious acts *Terrorist activity *Transit *Landslide / rockslide Own Damage cover is available in Package Policy or a ...
What is an insurance policy sample?
The insurance policy is the document that lays out all the terms and conditions pertaining to an insurance contract. An insurance policy sample highlights different details related to an insurance contract: the amount that the insured will receive in case of damage or loss In modern times, every individual or business opts for an insurance policy.
What is a company car policy?
A “company car” is any type of vehicle our company assigns to employees to support their transportation needs for their jobs. Company cars belong to our company and we want to make sure our employees use them properly. Scope This policy refers to all of our employees who are eligible to receive a company car and those who
What is insurance and how does it work?
Insurance is a contract in which the policyholder pays a fixed amount to the insurance company on a regular basis so as to protect him/her from any future losses or damages. The policyholder pays the amount in exchange for protection from any unexpected loss or damage that might incur in future