AMACO Insurance - Motor Commercial Insurance
Motor
About this product
AMACO Insurance offers a valued Motor Commercial Insurance with a full range of benefits for commercial vehicles, such as:- Trucks
- Carriers
- PSVs
Scope of the Cover
For the different categories of vehicles the following three types of insurance can be purchased:- Third Party- This policy covers third-party bodily injury and property damage arising out of use of motor vehicle.
- Third Party Fire and Theft- The policy extends to cover fire, theft, property damage, and third-party bodily injury.
- Comprehensive cover- Covers property damage and third-party liability to the vehicle i.e damage arising out of the fire, accidental damage, and fire.
Benefits of the Cover
- Tracking Services
- Valuation at inception
- Jurisdiction-COMESA Region(Subject to Yellow Card Rules)
- No Blame-No Excess
- Windscreen Limit KES 50,000
- Occupational personal accident cover for driver and loader-Death and Permanent Total Disability
- Radio/CD Player limit KES 30,000
- Towing & Recovery limit KES 75,000
- Emergency Medical expenses limit KES 75,000
- Authorized repair limit KES 100,000
Additional Benefits at Extra Fee
- Employer Liability
- Political Risks (Terrorism or sabotage) 0.45% of the insured
- Loan repayment maximum 3 months installments
- WIBA
What is not Covered
- Employees of the insured
- Consequential loss excluding (loss of income)
- Damage caused by strain or overloading
- The excess stated in the schedule
- Loss of or damage to the contents being carried in or on the vehicle (unless specifically insured)
- The excess stated in the schedule
Policy Excess
| Theft excess with a tracking device approved by insurer | NIL |
| Own damage partial theft | 5% of sum insured min KES 20,000 |
| Theft with anti-theft device | 10% of sum insured min KES 20,000 |
| Third party injury | NIL |
| Third party property damage | KES 10,000 |
| Young drivers | KES 7,500 |
| Novice drivers | KES 7,500 |
Limits of Liabilities
In regards to individuals being carried, getting in or alighting the vehicle.| Any one person | KES 3,000,000 |
| Series of claims arising from one from one event | KES 20,000,000 |
Limits of Liabilities
In regards of any individual who is not being carried, entering or alighting the vehicle| Any one individual | KES 30,000 |
| Series of Claims resulting from one event | Unlimited |
| Third party property damage | KES 5,000,000 |
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