Motor cycle Package police defination

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Whereas the Insured by a proposal and declaration dated as stated in the Schedule which shall be
the basis of this contract and is deemed to be incorporated herein has applied to MAGMA HDI
GERLING GENERAL INSURANCE COMPANY LIMITED (hereinafter called “the Company”) for the
insurance hereinafter contained and has paid the premium mentioned in the Schedule as
consideration for such insurance in respect of accidental loss or damage occurring during the period
of insurance.
(The term two wheeler referred to in this Policy will include motor cycle/scooter / auto cycle or any
other motorised two wheeled vehicle mentioned in the Schedule)
NOW THIS POLICY WITNESSETH:
That subject to the Terms Exceptions and Conditions contained herein or endorsed or expressed
hereon;

SECTION I – LOSS OF OR DAMAGE TO THE VEHICLE INSURED

1. The Company will indemnify the Insured against loss or damage to the vehicle insured hereunder
and / or its accessories whilst thereon
i. by fire explosion self ignition or lightning ;
ii. by burglary housebreaking or theft ;
iii. by riot and strike;
iv. by earthquake (fire and shock damage);
v. by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost;
vi. by accidental external means;
vii. by malicious act;
viii. by terrorist activity;
ix. whilst in transit by road rail inland-waterway lift elevator or air;
x. by landslide rockslide.
Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced:
(1) For all rubber/ nylon / plastic parts, tyres , tubes, and batteries - 50%
(2) For fibre glass components – 30%
(3) For all parts made of glass - Nil
(4) Rate of depreciation for all other parts including wooden parts will be as per the following
schedule.

Advocate Siddhant Sharma LawRato