Car Total Loss Coverage

For Cars, Vans and Trucks 

Product Conditions

• These rates are given to vehicles 20 years old or newer
• These rates exclude sports, special and luxury cars listed below, for which referral to the company is required
• Vehicle’s Premium is settled in USD Fresh

Coverage and benefits:

• For private cars:
• Third party liability cover for material damage: up to $500,000
• Personal accident cover for the driver & passengers (family members):
• $10,000 per claim in case of death
• $2,500 per person for medical expenses

• For commercial vehicles:
• Third party liability cover for material damage: up to $100,000
• Personal accidents cover for the driver only:
• $5,000 per claim in case of death
• $1,000 per person for medical expenses

• For both:
• Total loss coverage includes: fire, total theft, holdup, and own damage (if accident is covered)
• Indemnity for total loss shall apply only if the cost of repairs reaches or exceeds 65% of the depreciated market real car value at the time of the accident
• A deductible of 10% of the market real car value will be applied in case of total theft or total loss
• Road assistance is granted:
• 50 Km maximum per ride,
• 2 rides per year due to mechanical and electrical failure
• Unlimited rides per year due to accident
• Cover granted after 5 days from policy issuance due to mechanical and electrical failure, subject to new policies only

Vans / Pick-Ups and Trucks are subject to underwriting 

Required Documents:

1. Car Registration
2. Drivers license