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 To the majority of families the motorcar represents the second largest investment after the home. In the business sector, the motor vehicle is a tool of trade contributing to the earning capabilities of the company. Whatever your circumstances, it is an asset which requires proper protection. FFK can provide “tailor-made” protection to meet your requirements. Types of Auto Insurance Act Policy Comprehensive Coverage Private Private Comprehensive coverage helps pay for damages to your car resulting from a collision, miscellaneous accident, certain natural disasters, falling objects, vandalism and theft. If an accident occurs the maximum payment for repair or replacement is determined by the car's actual cash value, minus the amount of the deductible on the policy . This cover does not cover every event, but the cover is extensive. Comprehensive Coverage Commercial Commercial comprehensive covers company owned vehicles used for business/commercial purpose. This policy will cover the insured against accidental loss or damage to your vehicle caused by collision, overturning and miscellaneous acts. The insured legal liability for damage to property, and injuries or death caused to other persons are covered. Similar to Private Comprehensive, this policy does no cover every eventuality, however, it is the most extensive available. Third Party Third Party Fire and Theft This provides cover for financial loss or damage suffered by the insured to a privately owned motor car inflicted by fire and / or theft. This cover also extends to the financial liability for damage to other parties and bodily injury caused to others. Cover is subject to the limits stated in your policy. Third Party Commercial This covers motor vehicles owned by a company and being used for business/ commercial purposes, it covers damage to third party property and bodily injuries to other persons. It does not cover damage to your vehicle. Cover is subject to the limits stated in your policy. |
