What is this Motor Insurance deal all about?
Much like its name suggests, this Chubb insurance policy is for motor vehicles namely private and commercial cars are all applicable for this coverage. The Comprehensive Motor Insurance covers loss or damage to your own vehicle due to accidents, theft or accidental fire.
You are also covered in the case of third party bodily injury and death, as well as third party property loss or damage. It doesn’t matter whether you drive a sedan, MPV, SUV, Pickup or a roadster, if it’s a vehicle registered to you privately or commercially then you can sign up for this insurance policy.
Give me the highlights…
Most accidents that occur happen off the track, so they are accidental, caused by machine malfunctions and inattentive drivers. More likely than not you will damage your own car, someone else’s and even some private property in an accident, even if it wasn’t your fault.
Therefore, covering all your bases is a key priority when you have your own vehicle, if not for your own safety but the safety of others too. Which is why aside from the third-party benefits, you also have optional benefits that you can pick and choose to customize your insurance.
Among them is coverage for windscreen damage, legal liability of passenger, legal liability to passenger, special peril for floods and landslides, strike riot and civil commotion, as well as additional named drivers.
These optional benefits are good to have, simply because they are weak points, windshields are incredibly fragile and most susceptible to damage, but they’re also expensive to replace. Therefore, good insurance policies come in handy, aside from that, unforeseen circumstances such as floods, storms and riots are sometimes just plain unavoidable, so having an umbrella before the rain is most useful.
What are the major exclusions?
This policy does not cover losses for your own death or bodily injury in the event of a motor accident and your liability claims from passengers in your vehicle. In the case of flood, storms, landslides or other such acts of nature, you will not be covered automatically, unless you have picked up the optional benefits for special perils.