A committee that mirrors the Lloyd’s Motor Underwriters’ Association. Their combined dialogue is called the Motor Conference.
Insurance Encyclopedia
Motor conference
See: Motor Committee Of The Association Of British Insurers.
Motor Cycles/Scooters for Motor
The terms motor cycle will include motor scooter and/or auto cycle. These vehicles are either (i) Mechanically propelled two wheelers with or without side car, or (ii) mechanically propelled three wheelers with engine capacity not exceeding 350 c.c.
Motor insurance
Insurance of motor vehicles and liabilities arising from the use of vehicles. Comprehensive policies cover loss/damage to the insured’s vehicle, liability to third parties and other sections depending on the type of vehicle. Third party fire and theft covers third party risks plus loss/damage to the insured’s vehicle if caused by fire and theft. Third party only is limited to third party risks only. Act only cover is less extensive than third party only as cover is limited to the compulsory insurance requirements of the Road Traffic Act 1988. Most policy forms have a foreign use section. The principal vehicle types are: private cars; commercial or goods-carrying vehicles; agricultural and forestry vehicles; motor trade; motorcycles, mopeds; and special types (e.g. mobile plant).
Motor Insurance Add-Ons : Bi-Fuel System
Vehicles fitted with bi-fuel system i.e., petrol/diesel and CNG/LPG permitted by the concerned RTA can be covered for the additional value of the fitted kit and for the increased liability that could attach.
Motor Insurance Add-Ons : Electrical/Electronic fittings
All electrical and/or electronic items fitted on the vehicle and not included in the manufacturers selling price can be included for insurance. Each of these item sis to be specifically declared including value for insurance. Subject to additional premium of course.
Motor Insurance Add-Ons : Fiberglass Fuel Tanks
Vehicles fitted with fiber glass fuel tanks can include this additional fitting in the OD section of the policy.
Motor Insurance Add-Ons : Legal Liability for Accident to Non- Fare Paying Passengers including Non-Workmen Employees
On payment of appropriate additional premium.
Motor Insurance Add-Ons : Legal Liability for Persons Employed in connection with the Operation of the Vehicle
Liability to any paid driver or cleaner or conductor or persons employed in loading/unloading may be covered on payment of additional premium. The premium to be charged on total number of such employees registered to be carried on the vehicle and the coverage is in terms of the Employees Compensation Act.
Motor Insurance Add-Ons : Techograph
Techograph is a precision instrument which records a vehicle’s driving pattern along the route for a period of 24 hours. It given an accurate record of the distance travelled, stoppages en-route (authorized or unauthorized), braking pattern, various speed levels etc. The Techograph provides irrefutable evidence in case of accidents by giving relevant information about the speed, time and place of accident. For the driver, it is also an assurance of safety as he will be warned when he is over-speeding. The Techograph promotes good driving habits and results in saving of fuel and maintenance costs and reduction of road accidents and is as such being installed by many Private Operators, State Road Transport Corporations and Public Owned Corporations and Fleet Operators.