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Motor Total Loss Cover

Regular price $200.00
Regular price Sale price $200.00
Sale Sold out
Tax included. Shipping calculated at checkout.

 Required Documents:

  1. Car Registration
  2. Drivers license

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 
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