Motor Cycle Comprehensive coverage is provided for the following types of vehicles:
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Private Vehicle
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Commercial Vehicle
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Motor Cycle
Private Vehicle:
Private vehicle insurance refers to a motor insurance policy designed to cover personal cars. This type of insurance provides financial protection against various risks such as accidents, natural disasters, theft, or fire. It offers reimbursement for third-party losses and compensation for personal accidents involving the vehicle owner.
It is important to note that a private car is not legally allowed to be used for any business-related activities that involve the transportation of goods or commodities.
Commercial Vehicle Insurance:
Commercial Vehicle Insurance provides protection against financial losses resulting from accidental damages to the vehicle. This type of insurance is specifically designed for commercial vehicles, including trucks, taxis, buses, and autos. In the event of accidents such as fire, burglary, theft, or external explosions causing damage to the insured vehicle, the insurance company provides compensation.
Comprehensive Policy (Coverage):
A comprehensive policy provides coverage for the following:
- Damage caused by fire, explosion, self-ignition, or lightning.
- Loss or damage resulting from burglary, house-breaking, or theft.
- Coverage for riot, strike, including malicious and terrorist activities.
- Protection against damage caused by earthquakes, including fire and shock damage.
- Loss or damage due to floods, typhoons, hurricanes, storms, inundation, cyclones, hailstorms, frost, or tempest.
- Coverage for accidental damage caused by external means.
- Protection while the insured item is in transit, whether by road, rail, inland waterway, lift, elevator, or air.
- Liability insurance coverage for legal obligations arising from the insured item's actions.
Motor Cycle Insurance
Mercantile Islami Insurance PLC provides comprehensive and reliable motorcycle insurance coverage to ensure the protection and peace of mind for motorcycle owners. With our specialized motor cycle insurance policies, we offer a range of benefits and features tailored to meet the unique needs of riders in Bangladesh.
Our motorcycle insurance policies cover various risks and perils that riders may face on the roads. We provide coverage for damages caused by accidents, including collision, overturning, or damage due to a third party. In addition, we offer protection against theft and burglary, giving riders the confidence that their valuable asset is safeguarded.
With Mercantile Islami Insurance PLC, riders can enjoy additional benefits such as coverage for personal accident and medical expenses, ensuring financial support in case of injuries sustained during an accident. We also provide legal liability coverage, protecting riders against third-party claims for property damage or bodily injury caused by their motorcycle.
Our experienced team of professionals ensures a hassle-free claim settlement process, ensuring quick and efficient assistance in case of any unfortunate incidents. We prioritize customer satisfaction and strive to provide excellent service throughout the insurance journey.
Whether you ride a commuter motorcycle or a high-performance bike, Mercantile Islami Insurance PLC offers tailored motorcycle insurance solutions to protect your investment and provide you with a worry-free riding experience.
EXCLUSIONS:
Please be aware that while we strive to provide you with the best possible services, the following situations will not be covered for loss or damage to the vehicle and/or its accessories:
- Normal wear, tear, and general aging of the vehicle.
- Depreciation or any consequential loss.
- Mechanical or electrical breakdown.
- Use of the vehicle in a manner not in accordance with the limitations as specified.
- Damage caused by a person driving the vehicle without a valid license.
- Damage caused by a person driving the vehicle under the influence of drugs or alcohol.
- Loss or damage due to war, mutiny, or nuclear risks.
- Use of the motor vehicle in violation of the Limitation as To Use clause mentioned in the policy.
Documents Required:
When purchasing a new policy, you will need to provide a completed proposal form with relevant details, along with a copy of the vehicle's registration certificate. For policy renewal, you will be required to submit a completed proposal form with updated details, a copy of the previous policy document, and the vehicle's registration certificate (RC).