Own Damage definition

Own Damage. – means loss or damage to the insured vehicle itself by way of sudden accident and perils specified in the policy schedule and not specifically stated in the policy exclusions.
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Own Damage means damage to the vehicle insured.  Third party claims are handled by the designated court called Motor Accident Claim Tribunal – MACT.  The quantum of the own damage claim have to be assessed and the job is done by the independent surveyor which in our case will be ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇.  Motor claims are reimbursement based & hence repair &/or the replacement bills are to be collected for the assessed loss/damage.
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Own Damage means any damage to the insured vehicle regardless of cause
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Examples of Own Damage in a sentence

  • Own Damage insurance covers accidental loss or damage, including damage by fire, theft or glass breakage, to the insured vehicle.

  • The term ‘claim’ is understood to mean: • An at fault claim under basic civil liability insurance: A claim whereby the com- pany, pursuant to Article 37, is obliged to pay damages only if the insured is liable for the claim; or • A claim under the partial option Own Damage which entails non-recoverable expenses on the part of the company.

  • Claim No. Own Damage Third Party Outstanding Insurance Declaration I the undersigned agree to pay the insurance excess cost of £500.00 in the event of any damage/ theft claim on the vehicle Signature of Hirer : Hirers Insurance Company :- Policy No :- Expiry Date: Accept Decline Unauthorised Drive Declaration Any vehicle hired under this agreement may only be driven by authorised drivers, who have been approved by the lessor.

  • CNG/LPG KIT IN BI-FUEL SYSTEM (Own Damage cover for the kit ) IMT.26.

  • Notwithstanding anything to the contrary contained in the policy it is hereby understood and agreed that the vehicle insured being specially designed /modified for use of blind, handicapped and mentally challenged persons and suitable endorsement to this effect having been incorporated in the Registration Book by the Registering Authority, a discount of 50% on the Own Damage premium for the vehicle insured is hereby allowed to the insured.

Related to Own Damage

  • Direct Damage has the meaning given in clause 24.2; "Dispute" has the meaning given in clause 23.1;

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Material Damage and “Materially Damaged” means damage which, in Seller’s reasonable estimation, exceeds $500,000.00 to repair or which, in Seller’s reasonable estimation, will take longer than ninety (90) days to repair.