Motor Add Ons

Depreciation Re-Iimbursement

 

(Applicable for All Class of Vehicles)

In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company will re-imburse the Insured, the amount of depreciation deducted on the value of parts which were allowed to be replaced for own damage claim lodged under Section 1 of the Policy, provided always that

a)    This add-on will not apply to TOTAL LOSS, CONSTRUCTIVE TOTAL LOSS or THEFT OF THE INSURED VEHICLE.

b)    The insured vehicle is repaired with prior authorization of the Company.

Subject otherwise to the terms exceptions conditions and limitations of this Policy.

 

Return to Invoice

 

(Applicable for All Class of Vehicles)

 

      In consideration of the payment of an additional premium as specified and shown in the Schedule, it is hereby declared and agreed that in case of the following events of TOTAL LOSS, CONSTRUCTIVE TOTAL LOSS OR THEFT OF THE INSURED VEHICLE, despite whatever is mentioned as IDV of the vehicle in the Policy schedule, the Company will :

1. Pay the Invoice value for, or replace with, a NEW vehicle of same make and model (or a similar model with similar specification available locally in India, in case the insured model is unavailable in India)

2. Pay the Original customs duty, if any, OR the customs duty applicable for the new vehicle- whichever is less,

3. Pay the Registration charges and Road-Tax applicable for the RTO as per the Motor Policy on which the claim is lodged

      Subject otherwise to the terms exceptions conditions and limitations of this Policy.

 

Cover for Consequential Damage to Engine (Engine Protector)

 

(Applicable for Private Cars Only)

   In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company agrees that, in case of

1. Consequential loss to internal child parts of the engine of the Insured vehicle due to water ingress into the combustion chamber or due to leakage of lubricating oil,

2. Consequential damage to the gear box due to leakage of lubricating oil arising out of accidental means,

     the Company shall pay for

1. Repair or replacement of the internal child-parts of the engine such as Cylinder head, Crankshaft, Connecting rods and Piston.

2. Repair or replacement of internal parts of the Gear box housing, such as gears and shafts.

3. Labour charges required to carry out the repair or replacement of the damaged child-parts of the Engine or damaged gear-box.

     Subject to the condition that

1. Only one event in the entire policy period will be compensated.

2. There is evidence, that the vehicle had stalled and stopped in the water-logged area, resulting into damage to the internal child-parts of the engine, OR

3. There is evidence of under-carriage damage, resulting into leakage of lubricant causing damage to the internal child parts of the engine or gear-box, AND

4. The losses or damages are not otherwise admissible under Motor Insurance Policy.

   For the purpose of this Endorsement, it is an implied condition that

1. The Insured shall avoid driving through water-logged areas.

2. In the event that the vehicle has stalled or stopped in water-logged area, OR there is damage to under-carriage of the vehicle, the Insured shall not try to crank or push-start the engine.

3.The Insured will inform the nearest office for technical help and spot-survey.

4. The Insured shall take reasonable care to protect against aggravation of damage or loss to the Insured vehicle.

Cover For Key Replacements

 

(Applicable only for Private Cars)

In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company will, in the event of

1. Vehicle Keys being lost, OR

2. Vehicle Keys being stolen, OR

3. Vehicle Lock being broken at the time of burglary or attempted burglary

reimburse the Insured , the cost of replacing the vehicle keys, by a new set of lock & keys,  provided always that

a) In case of lost or stolen keys, all other duplicates of the lost or stolen keys are to be deposited with the Company

b) In case the vehicle lock is broken at the time of burglary or attempted burglary, the entire set of old keys are to be deposited with the Company

c) The Company is provided with a copy of FIR lodged with Police by the Insured confirming the date and time of the incident

d) The replacement should be carried out in aCompany Authorised Garage.

e) Each such replacement claim shall be subject to 10% co-share of the total cost of replacement -subject to a minimum of Rs 500/- , by the Insured.

f) Any items replaced under this Endorsement, will be of the same type, quality, quantity, or standard as the ones which were lost, stolen or replaced.

g) The Reimbursement under this endorsement will be allowed only for one event during the Policy period.

 Subject otherwise to the terms exceptions conditions and limitations of this Policy. 

Loss of Personal Belongings

 

(Applicable only for Private Cars)

In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company will pay for the Insured's loss or damage of his personal belongings which were present in the vehicle at the time of loss or damage to the vehicle caused by the perils mentioned under Section 1 of the Motor Policy , OR if the vehicle was broken into for the purpose of burglary or theft of those personal belongings.

The coverage under this endorsement is subject always to the following:

a)    This Endorsement covers the personal belongings of the INSURED ONLY

b)    Personal Belonging for the purpose of this Endorsement means, items such as clothes and other articles of personal nature likely to be worn by the Insured including jewelry, and/or used or carried by him like Mobile, Laptop, Tabs, Audio/Video tapes, CD's, but EXCLUDES money, securities, cheques, bank drafts, debit or credit cards, travel tickets, paintings, curios and items of similar nature.

a)    Any claim under this Section is subject to the precondition that there is a valid own damage or Key replacement claim in respect of the insured vehicle, already admitted by the Company under the Policy

b)    The Company is to be provided with a copy of FIR lodged with Police by the Insured, confirming the date and time of the incident and the articles lost.

c)     The maximum amount payable under this Policy is Rs 50,000/- during the Policy period. Each claim is subject to a deductible of Rs 5000/- for Laptop, Tab and Jewelry , Rs 2500/- for Mobiles and Rs 500/- for the rest.

Subject otherwise to the terms exceptions conditions and limitations of this Policy.

 

Protection of NCB

 

(Applicable to All Classes of Vehicle)

In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company agrees to protect the No Claim Bonus (NCB) at the time of Renewal in case the Insured lodges for and is allowed a claim under any section of the Motor Policy, provided always that

a)    The vehicle is renewed with us.

a)    The rate of NCB allowed at the time of renewal will be the same as that enjoyed by the Insured prior to the loss, except in cases of Sunset Clause, where the rate of NCB will be brought down to 50%.

b)    There was only one single claim lodged in the entire Policy period on the Motor Policy.

c)     The insured vehicle is repaired in aCompany Authorised Garage.

Subject otherwise to the terms exceptions conditions and limitations of this Policy. 

Basic Road-Side Assistance

 

(Applicable for All Class of Vehicles)

In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company will provide the following services:

1. Mechanical & Electrical Breakdown:In the event, that the insured vehicle is immobilized on a public road due to any mechanical or electrical breakdown, the Company shall

a. Arrange for an automobile technician to attend to the insured vehicle on the spot of such breakdown to help mobilise the vehicle on its own power.

b. Arrange for the towing of the insured vehicle to a nearest Repair shop/ Garage, if mobilisation of the insured vehicle is not possible by carrying out such repairs on the spot.

c. Provide for custody and storage of the insured vehicle until the Repair shops/Garages re-open, if the Repair shops/Garages are closed due to holidays or night hours.

d. Undertake to locate, procure and deliver spare parts required for repair to the Repair shop/ Garage within 72 (seventy two) hours, if such spare parts are not available with the Repair shop/ Garages, provided that the parts are available in the open market within the geographical limits of India.

2. Accidental Immobilisation:In the event, that the insured vehicle is immobilised on a public road due to any accident covered by the Policy, the Company shall

a. Arrange for towing of the insured vehicle to the nearest Company's Authorized Repair shop/Garage.

b. Provide for custody and storage of the insured vehicle until the Repair shop/Garage re-open, if such Repair shop/Garage being closed due to holidays or night hours.

3. Flat Tyre:In the event, that the insured vehicle is immobilised on a public road, due to a flat tyre caused by puncture of or damage to the tyre /tube/valve or bolts of the tyre, the Company shall arrange for an automobile technician to attend to the insured vehicle on the spot of such event to replace the flat tyre with the spare tyre carried in the insured vehicle.

4. Dead Battery:In the event, that the engine of the insured vehicle fails to start due to a dead battery, the Company shallarrange for an automobile technician to attend to the Insured vehicle on the spot of such event, to help jump start the vehicle so that it can be driven on its own power on self-propelled basis to the nearest Repair Shop/Garage.

5. Keys Locked-In :In the event, that the insured vehicle is immobilised on a public road, due to loss of its keys, or its keys being either locked inside the vehicle or broken, resulting in a situation where the Insured is unable to gain entry into the insured vehicle, the Company shall

a. Locate and retrieve duplicate set of keys under due authorization of the Insured to do so, and deliver such keys to the Insured or his authorized representative upon production of personal identification and authorisation.

b. Arrange for an automobile technician to attend to the insured vehicle on the spot of such event in order to attempt the opening of the vehicle door with normally available tools, if the Insured desires to attempt opening the vehicle, since retrieval of a duplicate set of keys would be time consuming,.

6. Contamination/ Incorrect or Running Out of Fuel :In the event that the insured vehicle is immobilised on a public road at least one kilometer away from the nearest petrol pump, due to the insured vehicle running out of fuel, or the fuel in the insured vehicle being incorrect or contaminated, or there is a air lock in the fuel system, the Company will

a. Arrange for delivery/ replacing/ changing the fuel - as the case may be, up to a maximum of ten litres- on the spot where the insured vehicle stands immobilised.

b. Arrange for bleeding of fuel line to dissipate the air lock.

 
Customer Support: 1800-3002-3202 customercare@magma-hdi.co.in

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