Motor

This policy is tailor-made for motor dealers only who engage in the sale of new vehicles, buying and selling vehicles, Service and repair of vehicles.

Types of Cover:

Internal Risks Policy

Covers motor trade liability to the public in connection with the motor dealer’s premises.

Road Risks Policy

Covers motor trade and their staff while driving customers’ vehicles in their custody.

Road and Garage Policy

A combination of Internal Risks and Road Risks with additional cover.

Internal Risks Policy

Damage and Third Party, which covers:

• Policyholders own vehicles.
• Vehicles belonging to the insured’s family/household, but the coverage is limited.
• Liability for personal injury – unlimited
• Liability for damage to customers’ vehicles.
• Liability for damage to other property.

Third Party = Road Risks Policy

• Unlimited liability for personal injury.
• Liability for damage to customers’ vehicles.
• Liability for property damage, excluding property held in trust by or in custody or control of the policyholder.

Notes for Both Types of Covers

• Standard policy does not cover loss, damage, or liability resulting from fire, explosions, theft & frost.
• Insurers fix limits for each event.
• No cover for death or injury to employees.
• Cover applies to events which occur on the policyholder’s own premises or the place where the policyholder/employer is working.

Exclusions:

• Same as a private car
• Defective workmanship

Policy Extensions:

• Excluded Perils
• Excluded Property
• Excluded Contingencies
• Consequential Losses