Motorcar is an insurance against loss, damage and/or liablity incurred by the Insured resulting from accidents arising from the ownership and operation of his motor vehicle.
Kind of insurance which insures primarily against losses or damages proximately caused by the perils of Fire and Lightning as well as other allied perils customarily included by way of extension, subject to the payment of additional premium.
It is designed to insure Merchandise from the time it leaves the seller’s premises until it reaches the buyer. It encompasses all modes of conveyances, be it by land, sea or air.
It covers all kinds of construction/installation of structures, machinery, equipment, systems and processes against loss, material damage and third party liability.
It is that particular type of insurance which provides monetary compensation in the manner and to the extent so agreed upon the occurrence or in the event of death or bodily injury arising from accidental, violent, external and visible means.