Fidelity Insurance-Motor Commercial Cover
Business
Motor
About this product
Fidelity Insurance offers a new motor commercial policy that not only covers material damage of commercial vehicles as a result of an accident and the third party liabilities, but also has extra benefits to address the various needs and exposures of the motor vehicle owner. Commercial vehicles includes:- Own goods (pickups, trucks & lorries)
- Motor (PSV) Chauffeur Driven (Taxi Cabs Corporate & Tour Vans )
- Institutional Vehicles (Schools Buses)
- Agricultural Vehicles (Tractors, Harvesters)
Scope of the Cover
The Policy Coverage is on the following basis:- Third Party Only (TP)- This is the basic and minimum cover available. It provides for liability to third parties only in respect of bodily injury and damage to third party property. It is the mandatory cover that a motorist should have.
- Third Party Fire and Theft (TPF&T) - This cover protects you against all third party risks mentioned above in addition to loss and/or damage to your vehicle due to theft and fire
- Comprehensive - This is a superior cover to all the others it protects you against the third party’s death, bodily injury and/or property damage as well as loss/ damage to your vehicle due to accidental fire, theft or an accident.
Benefits of the Policy
- Tracking and Recovery
- Excess protection/waiver
- Monthly loan repayment
- Personal Accident Cover for Driver and Turn boy
- Goods in transit/Carriers Liability
- Political violence and Terrorism
Limits of Liabilities
| Limits | |
| TPPD | 50,000 |
| Authorized Repair | KES 50,000 |
| Towing Expenses | KES 50,000 (extra charge 105 of value ) |
| Emergency Medical Expenses | KES 30,000 |
| Monthly Loan Repayment (3 months only | Max 100,000 per month |
| GIT/Carriers Liability | KES 5,000,000(1% of Limit) |
Policy Excess
| Accidental Damage | 7.5% of value Min KES 40,000 |
| Theft | With Fleet Mgt Devices/5% of value Min KES 20,000 With Tracking Devices/5% of value Min 20,000 With Anti-Theft Devices/10% of value Min KES 20,000 Without any devices/20% of value Min KES 20,000 |
| TPPD | KES 20,000 |
| Young Drivers(25 years) | KES 10,000 |
| Novice Drivers(5 years) | KES 10,000 |
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