Motor Car Insurance – this undertakes to indemnify the insured against loss, damage or liability arising from an accident of the insured vehicle. The following provides for the comprehensive coverage under the motor car policy:
- Own damage – accidental damage to insured vehicle
- Compulsory third party liability/Excess Bodily Injury – bodily injury (including death) sustained by third person as a result of accident involving the insured vehicle
- Third Party Property Damage – this answers any damage caused by the insured vehicle to a third party property
- Personal accident insurance to cover death or bodily injury of driver and passengers
Coverage may also be extended to secure protection against acts of nature which includes loss or damage due to earthquake, typhoon, flood and volcanic eruption.