Documente Academic
Documente Profesional
Documente Cultură
By ANISH M V
Reg no:14125700042
Motor Insurance
2
Why Auto/Motor
Insurance???
Phenomenal rise in motor accidents
Increase in the no. of vehicles
Negligence, Drunken driving
Lack of good infrastructure (in terms of
roads)
Reckless driving
Lack of proper traffic control measures
Thefts
Fire
Property damage due to accidents
Bodily injuries
Accessories
Electrical & Electronic Fittings:
General Exclusions
Consequential Loss due to accidents ( secondary
losses suffered as a consequence of an original loss )
Damage to tyres & tubes without the vehicle
being damaged
Driver being under the influence of liquor and
drugs at the time of accident
Damage to insured's own property
Intentional self injury or attempted suicide
Accident occurring outside geographical area
of operation covered by the policy
10
Classes of Vehicles
12
Private Vehicle:
A vehicle used for private purpose
i.e. used for personal, social &
domestic purpose and also
professional / personal business
purpose (excluding carriage of
goods)
13
Limitations to use
If the vehicle is used for any of the
purposes mentioned below, it is not
covered under a Private Vehicle
motor policy:
Hire and Reward
Carriage of goods
Organized racing
Speed Testing etc
14
Commercial Vehicle:
Any vehicle which is used for hire &
reward (other than for private hire) is
termed as a commercial vehicle
Classified as;
Goods carrying commercial vehicle
Passenger carrying commercial vehicle
15
Marine Insurance
Covers Damage to the ship, machineries and any loss
to the cargo
Marine Cargo Insurance
protects the insured against the risk of loss or
damage to the goods in transit
includes all forms of transit of goods By Road,
Railways, Water & Air
also known as transit insurance.
Marine Hull Insurance
covers loss or damage to hull and machinery
Miscellaneous Insurance
Burglary Insurance.
Fidelity Guarantee Insurance.
Baggage Insurance
Plate Glass Insurance
Jewellers Block Insurance
Aviation Insurance
Event Insurance
Wedding Insurance
Thats it..!