Under the motor insurance policy, the Company indemnifies the insured as under:
Comprehensive Motor Insurance
The Company undertakes to indemnify the insured for loss of or
damage to the insured vehicle, its accessories and spare parts
whilst thereon:
By accident or accidental collision or overturning consequent
upon mechanical breakdown or consequent upon wear and
tear.
By fire, external explosion, self ignition, lightning or thunderbolt.
By burglary or theft.
By malicious act of any third party.
Whilst being in transit (including the process of loading and
unloading incidental to such transit) by road, rail, inland
waterway, lift or elevator, relating to the said transportation.
The company shall compensate the insured in the event of an
accident caused by or arising out of the use of the motor vehicle,
subject to the limits specified in this policy, against all sums
which the insured shall become legally liable to pay as
compensation for.
Death or bodily injury to any person including the passengers in
the vehicles except the insured or the driver at the time of the
accident and their families spouse, parents and children and the
employees of the insured if they are injured during the working
hours or as a result of their work.
Damages for materials and property, except those owned by the
insured or the driver at the time of the accident or property held
in trust or in their custody or control.