The Policy explains Your cover, rights, and obligations and should be read very carefully (in particular those areas which have been shown in bold print) and retained by You for future reference.
After you have paid or agreed to pay the premium within the stipulated time, We will insure you against loss, damage or liability as described occurring within Ghana, during the Period of Insurance.
“You” “Your” means the Insured named in the Schedule. “We” “Us” “Our” means the Insurance Company.
“Loss” means sudden physical loss, damage or destruction to Your Vehicle caused by an Accident.
“Your Vehicle(s)” means the motor vehicle(s) and/or trailer(s) described in the Schedule including tools accessories or appliances that are standard equipment whilst attached to or within Your Vehicle.
“Tools” are jerk, wheel spanner, set of screwdrivers, fire extinguisher, reflective triangle whilst attached or within the vehicle.
“Accessories/Appliances” are car radio/cassettes/compact disc, audio speakers, and air conditioner whilst attached to the vehicle.
“Schedule” means the attachment, which forms part of the Policy and shows Your Policy number, together with the important details of your cover.
“Policy” means this document, the Schedule and any other amendments issued to you in writing. Together they form The Agreement.
“Period of Insurance” means the period shown in the most recent Schedule or a subsequent period for which the Policy has been renewed.
“Accident” means an unexpected event resulting in injury or death or loss or damage arising out of the use of your Vehicle in Ghana.
“Indemnity” means an exact financial compensation to the policyholder sufficient to place him/her in the same financial position before the loss occurred.
SECTION 1 – VEHICLE LOSS OR DAMAGE
If the cost of repairs to your Vehicle is more than the Sum Insured we will treat it as a total loss.
If we settle on the basis that Your Vehicle is a total loss or uneconomical to repair, we will become entitled to possession and ownership of the damaged vehicle.
When a total loss settlement is made the cover of Your Vehicle automatically ceases with no refund of premium.
In respect of legal liability to third parties resulting from an Accident caused by your Vehicle, We will indemnify:
We will pay the reasonable medical expenses incurred in connection with any bodily injury by violent, accidental and external means sustained by You and/or any occupants of Your Vehicle as the direct result of an Accident to Your Vehicle but such amount shall not exceed the authorized medical expenses limit shown in the schedule. The period within which liability is admissible shall be 48 hours after the accident.
We will pay compensation for bodily injury or death sustained by any member of Your household or any other occupants, other than You or the driver whilst getting into, on or getting out of Your Vehicle which results from an accident.
We will pay the amounts as defined in the scale of benefits attached if Your driver in control of the vehicle and/or the mate whilst in the vehicle sustained bodily injury or death caused by or arising out of a motor accident. Such an injury or death should manifest itself within 3 months.
Provided always that, in respect of 2 and 3 above.
In the event of an accident we will pay for the reasonable cost of protection and removal of Your Vehicle to the nearest repairer or place of safety and to any other place approved by Us provided the cost does not exceed 20% of the agreed repair bill.
The policy is operative whilst towing any one disabled mechanically propelled vehicle and indemnity as provided under Section II of the policy shall be extended to such a vehicle being towed provided that:
For damage to any trailer which at the time of the accident or theft is attached to your Vehicle. Payment will not exceed the market value or the Sum Insured of the trailer whichever is less.
We will pay the replacement cost of any tyre, which is damaged and is rendered unusable as a direct result of an accident provided that the damaged tyre was not worn out, rethreaded or recapped prior to the accident.
We will pay the replacement cost of your windscreen if accidentally damaged, broken or shattered.
Provided no claim is made under this policy during the preceding period of insurance, the renewal premium will be reduced unless you have already earned the maximum allowable no claim discount. The No Claim Discount will not be affected if: –
We will pay the replacement cost of sign writing or fixed advertising signs or materials forming a permanent part of Your Vehicle at the time of Loss.
Subject to our consent and payment of an additional premium we will issue an international Motor Insurance Certificate known as the
“ECOWAS BROWN CARD” in respect of your vehicle. This policy will cover liabilities as specified in the said Ecowas Brown Card Scheme whilst visiting other countries in the West African Sub-region.
If Your Vehicle is driven by You, or by any person with Your consent, who is not licensed to drive Your Vehicle under all relevant laws.
failed to disclose to Us before the Contract was entered into every matter which you knew or which You could reasonably be expected to have known to be a matter relevant to Our decision whether to insure You and on what terms to accept the risk, or misrepresented any facts to Us before the Contract was entered into, and if we would not have entered into the Contract for the same premium and on the same terms and conditions expressed in the Policy but for your failure to disclose or the misrepresentations you made.
If we are obliged by the provisions of the law specified in the schedule to make any payment under this Policy, which we would not otherwise have paid, we reserve the right to recover the amount from you or from the person who incurred the liability.
In the event of any accident involving indemnity to more than one person, our liability shall be limited to the agreed amount stated under Part C, Section 2-1(ii) and shall apply in priority to the insured.
Persons or Classes of Persons entitled to drive the vehicle are as shown in the Certificate of Motor Insurance.
a . Where the policy is subject to credit facility and the premium is not paid in full within 90 days the policy is deemed automatically cancelled.
You will be responsible for the amount shown in the schedule as Excess.
We have the option to invite, accept, adjust or decline estimates or to arrange (at our expense) for the removal of Your Vehicle to other repairers for quotation purposes.
PERSONAL ACCIDENT COMPENSATION SCHEDULE
Scale of Benefits
Sum Insured GH¢5,000.00
Total and irrecoverable loss of sight in both eyes
Wrist or ankle of both hands or feet or of one hand and one foot.
wrist or ankle of one hand or one foot together with the total and irrecoverable loss of all sight in one eye.
Total and irrecoverable loss of all sight in one eye
Total loss by physical severance at or above the wrist or ankle of one hand or one foot.
Hospitalization/Disablement from engaging in or giving attention to such a person’s occupation.
1% of S.I. Per Week for a period not exceeding 26 weeks
Medical Expenses Necessarily Incurred
Not More Than 20% of Sum Insured.
Provided Always That: