Commercial Vehicle Insurance

Motor Insurance is a contract purchased by the owner of a vehicle from an authorized insurer to protect the policyholder (owner of the vehicle) against loss or damage to his vehicle and or against loss or damage which the policyholder might cause to another person's vehicle or property and or death or bodily injury to a third party.

VEHICLE CLASSIFICATION
Commercial Vehicle - Goods Carrying Vehicle ('C' permit)Use in connection with the Policyholder's business.Use for the carriage of passengers (other than for hire or reward) in connection with the Policyholder's business.Use for social domestic and pleasure purposes.
Does not cover:-Use for hire or reward. Use for racing pace-making reliability trial or speed testing.Use whilst drawing a trailer except the towing of any one disabled mechanically propelled vehicle.

TYPES OF COVERS
Comprehensive (Basics Cover)The policy cover against financial loss because it covers fire, explosion or lightning, accidental collision or overturning, collision or overturning caused by mechanical breakdown, collision or overturning caused by wear and tear, impact damage caused by falling objects provided no flood, typhoon, hurricane, storm, tempest, volcanic eruption, earthquake, landslide, landslip, subsidence or sinking of the soil/earth or other convulsion of nature is involved, It also cover losses against burglary, housebreaking or theft, malicious act, whilst in transit (including its loading and unloading) by:(i) road rail inland waterway(ii) direct sea route across the straits between the island of Penang and the mainland.

LIABILITY TO THIRD PARTIES
The policy will pay the amount which You or Your Authorised driver are legally liable to pay (including claimants' cost and expenses) for accident caused by or arising out of the use of Your Vehicle or in connection with the loading or unloading therefrom for:-(a) death or bodily injury to any person except those specifically excluded under Exceptions to Section B(b) damage to property as a result of an accident arising out of the us of Your Vehicle provided Your authorised driver also complies with all the terms and conditions of the policy that You are subject to.

Limits of Our Liability

Our total liability under Section in respect B(1)(a) is unlimited of any one claim or seriesOur total liability under Section of claims arising B(1)(b) is limited to RM3 million out of one event.
3. Towing Disabled Vehicle. We will cover the liabilities as specified in Section B(1)(a) and Section B(1)(b) above if Your Vehicle is used for towing any one disabled Motor Vehicle.
Provided that:-(a) such towed vehicle is not towed for reward(b) we are not liable for loss or damage to such towed vehicle or property being conveyed thereon

4. Cover For Legal Representatives. Following the death of any person  covered under this Policy We will indemnify that person's legal representa-tives for liability covered under this Section, provided such legal represent-atives comply with all the terms and conditions of the policy.

5. Legal Costs. We will pay legal costs incurred up to a maximum of M2,000.00 for defence of any charge including the charge of causing death by driving the Motor Vehicle (other than murder) if Our prior written agreement had been secured.