At AFNIC, we understand the significance of your vehicle in your daily life. Our Automobile Insurance provides you with the necessary protection and peace of mind while you're on the road. Whether you own a car, motorcycle, or any other vehicle, our comprehensive insurance plans offer coverage against accidental damages, theft, and third-party liabilities.
Motor Comprehensive (which covers Own Damage to the insured vehicle due to an accident + Third Party Liability in compliance with the Road Traffic Law of the country).
Under the Motor Comprehensive insurance itself, there are two types of cover:
Agency repair cover (repair in this type of cover can be in the Agency/Dealer’s Workshop)
Non-Agency repair cover (repair in this type of cover will be in any garage – NOT in any Agency/Dealer’s workshop)
Cover under a Comprehensive Policy includes damage to the insured vehicle due to an accident like collision, overturning, fire, external explosion, self-ignition, lightning, burglary or theft, malicious act of third party, accidents during transits etc.
Normally, Motor Comprehensive cover is offered to vehicles up to a limited age only. Very old vehicles (usually, over 10 years for Private Cars and 7 years for Commercial vehicles) will not get coverage under Motor Comprehensive policy. Value of the vehicles shall be the actual market value of the vehicle (i.e. approximately at what price he can buy or sell such a used vehicle in the
market). Overvalue or undervalue insurance do not benefit the owner and shall not be encouraged.
Agency Repair is normally offered only for brand-new vehicles, and generally Agency cover can be offered up to a maximum of two years from the date of its first registration.
The vehicle shall be driven by duly licensed Driver with a valid driving licence at the time of accident, or the licence should not have been cancelled or withdrawn by the authorities.
Third Party Insurance (which covers the Insured’s legal liability in respect of any bodily injury, death or property damage to the Third parties, due to an accident arising out of the use of the vehicle in public place), in compliance with the Road Traffic law of the country.
