Motor Insurance
Accidents happen. Whether your vehicle gets damaged, stolen, or involved in an unfortunate incident, ICEA LION Motor Insurance is here to help. Our policy covers damage to your car, accessories, and spare parts from accidents, fire, floods, and even riots. It also covers third-party liabilities, meaning if you're at fault, the policy covers the other party’s damages too.
We offer a variety of motor insurance options to fit your needs:
What’s Covered by Our Comprehensive Motor Insurance?
Loss, Theft, or Damage:
Covers your vehicle, accessories, and spare parts
Windscreen
Injury to Others:
Loss of Life:
Medical Expenses:
Property Damage:
Towing:
Valuation:
What’s Covered by Our Comprehensive Motor Insurance?
Comprehensive commercial auto insurance to indemnity business firms and large corporations against accidental loss or damage to the motor vehicle and its accessories whilst thereon as well as protection against legal liability to third parties.
Coverage
Provide Comprehensive Cover to Commercial Fleets for general transportation of goods, passengers and service vehicles.
- Covered Losses
- Own Damage
- Theft & Fire damage
- Third Party Property Damage
- Third Party Bodily Injury
Expiring Year
Commercial Vehicles(Comprehensive)
- 1 Year claims free driving - 10%
- 2 Years claims free driving - 20%
- 3 years claims free driving - 30%
- 4 years claims free driving - 30%
- 5 Years claims free driving - 30%
Premium rating for fleet(Private & Commercial) is based on:
- Detailed claims history - past 3 years
- Detailed fleet profile - past 3 years
- Area of usage
- Fleet management program
Claims Procedure.
In the event of an accident, one needs to get a police abstract, fill in a claim form and submit a copy of the driving license to the Insurance claims department.
Underwriting Guideline.
- Proposal form fully completed and signed by the client
- Copy of Log Book
- Valuation report
- Proof of antitheft
- PIN number
What’s Covered by Our Comprehensive Motor Insurance?
Any costs arising from an accident whereby the insured is held responsible are met by the insurance company. These include fees arising from any legal proceedings and the costs of repairing the other parties’ vehicle or any compensation granted to third party persons due to injury or death. Thus for a modest amount of premium, the insured protects themselves against any unforeseen costs which may arise.
What’s Covered by Our Comprehensive Motor Insurance?
Any costs arising from accidental damage to third party property whereby the insured is liable are met by the Insurance Company. These include the fees arising from any legal proceedings and the costs of repairing the other parties’ vehicle or any compensation granted to third party persons due to death or injury.
For a modest proportion of the vehicle value the insured protects themselves against any loss due to theft or fire.
What’s Covered by Our Comprehensive Motor Insurance?
The costs of repairs or replacement when the insured vehicle is burnt, stolen or in the event that it is involved in an accident are met by Insurer. The comprehensive standard cover will provide financial compensation for losses incurred by fire, theft and accidental damage.
There are various extensions to this cover such as:-
- Windscreen cover
- Riots and strikes and civil commotion cover
- Special perils cover (Volcanic eruptions, floods, hurricanes, typhoons, earthquakes, sub-terrene fires)
- Medical expenses
- Repair authority. Limit above excess up to which a customer is allowed to undertake repairs without authority from underwriter
- Bail bond – In case insured is arrested, insurance Company pays for his bond at police station.
- Emergency charges for transport to hospital
- Legal liability of passengers
- Insured’s legal liability – Amount insured is liable to pay incase of a claim
- Passenger liability – Liability arising out of injuries sustained or property lost by passengers while lawfully traveling in the insured’s car.
- Loss of use cover - If insured gets a claim, underwriter provides car hire charges.
- Agreed value option – Agree on value of car at inception
- Personal accident cover
- Radio cassette and other additional accessories cover e.g. alloy, rims and other extras.
- Towing charges.
REQUIREMENTS(PRIVATE & COMMERCIAL VEHICLES)
- Fully completed proposal form
- Copy of the proposer’s driving licence
- Copy of the vehicles log-book
- A Certificate of no claims discount
- PIN Certificate
- Evidence of anti-theft device
- Current valuation report
Expiring Year
Private Cars(Comprehensive)
- 1 Year claims free driving - 10%
- 2 Years claims free driving - 20%
- 3 Years claims free driving - 30%
- 4 Years claims free driving - 40%
- 5 Years claims free driving - 50%
Minimum Premium
Please note that minimum premium may apply to reduce discount allowed. For more information Download IRA Motor Underwriting Guidelines
Basic Coverage(Private & Commercial Vehicles)
Accidental Damage
Fire & Theft
Third Party Liability:
- Increased Passenger Legal Liability Per Person and per event
- Increased Towing Charges
- Increased Medical Expenses
- Increased Repair Authority Limit
Extra Coverage
- Services
- Auto Assured membership and annual subscription
Please note, our comprehensive cover doesn’t extend to the driver. For their protection, consider adding
Personal Accident Insurance to your plan.
Have Questions? Let's Talk!
