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.