Motor Insurance shall mean the effecting and carrying out contracts of insurance against loss of, or damage to, or arising out of or in connection with the use of, motor vehicles, inclusive of third-party risks.
Motor Comprehensive Cover
A Comprehensive cover provides protection against a wide range of contingencies including not only an indemnity in respect of the insured’s Legal Liability for death of or bodily injury to or damage caused to the property of Third parties arising out of the insured vehicle but also will indemnify the insured in respect of all damages/losses to the vehicle and its accessories caused by any accidental, external and physical means as a result of collision, overturning, Fire, Self-Ignition, Lightning, Explosion, Burglary, Theft and Malicious acts.
Motor Third Party Cover
A Third party cover indemnifies the insured against liability at (Ethiopian) Law for damages in respect of death of or bodily injury to third parties and damages to the property of such persons in the event of an accident caused by or through or in connection with any motor car described in the schedule of the policy.A Third party policy may be extended to included at an additional premium the policy holder’s vehicle against the risks of fire and theft actual or attempted threat as follows:-
• Third Party Fire and Theft
• Third Party and Fire
• Third Party and Theft