Section:

MV Insurance

A comprehensive motor insurance policy covers losses to the insured vehicle due to the following perils:

  • Fire-related risks: Fire, explosion, spontaneous combustion, lightning.
  • Theft-related risks: Burglary, housebreaking, theft.
  • Civil disturbances: Riot, strike.
  • Natural disasters: Earthquake, flood, storm, cyclone, hurricane, tempest, inundation, hailstorm, frost.
  • Accidents: Damage caused by accidental external means.
  • Malicious activities: Malicious acts, terrorism.
  • Transit risks: Damage while traveling by rail, road, inland waterways, lift, elevator, or air.
  • Geological hazards: Landslide, rockslide.

This coverage ensures financial protection against various risks, safeguarding the insured vehicle from both natural and man-made perils.