Coverage Under Misc D Vehicle Insurance

1. Damage or Loss of the Insured Vehicle

This policy protects your vehicle against loss or damage caused by:

• Fire, explosion, and lightning

• Theft or burglary

• Riot or strike

• Earthquake, flood, and other natural disasters

• Terrorist acts and malicious damage

• Accidents and external forces

Depreciation rates on various vehicle parts are applied as per policy terms when settling claims. 
 

2. Third-Party Liability

The policy safeguards you from financial liability if your vehicle causes injury, death, or property damage to a third party. It provides cover for:

• Bodily injury or death resulting from the use of the vehicle

• Damage to third-party property arising out of use of the insured vehicle 
   

3. Towing of Disabled Vehicles

If your Misc D vehicle becomes disabled and needs towing, the policy covers damage occurring during towing—as long as it’s not for commercial reward. 
 

4. Personal Accident Cover for Owner-Driver

In case of an accident, the policy provides personal accident benefits to the owner-driver, including medical expenses, income loss support, and compensation for disability or death. 

General Terms & Conditions

To keep your policy valid:

• Notify SBMFA Insurance immediately in writing after any damage or accident.

• Provide all necessary information and support for claim processing.

• Do not admit liability or offer any settlements without written authorization.

• The insurer may choose to repair, replace, or pay for the loss.

• The vehicle must be maintained in good condition and protected against loss.

• If there is other insurance covering the same risk, SBMFA Insurance will only pay its share.

• In case of the insured’s death, the policy remains valid for 3 months to allow transfer to legal heirs.