| 1) |
What is covered under a comprehensive insurance? |
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Comprehensive Policy covers the following perils.
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Accidental damage to the
vehicle. |
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Fire explosion and self-ignition. |
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Malicious damage to the vehicle. |
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Windscreen damage due to an accident |
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Third Party Property damage within specified
limit. |
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Third Party bodily injury – Any
amount the insured is legally liable to pay. |
Additional perils can be obtained such as Strike, Riot, Civil
Commotion, Terrorism, Flood, Personal Accident Benefit etc.
by paying an additional Premium. |
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| 2) |
If I buy a vehicle for a sum of Rs.1, 200,000/= but I want to insure it for
Rs. 600,000/= what will the premium be? |
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The premium will be calculated according to your requirement. But the estimated value should always be the current market value, therefore if you insure it for Rs.600,000/= and in the event of an accident you can claim only up to 50% of the cost of the claim, because you have insured only 50% of the value.
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| 3) |
I have bought a car from Mr. X and he gives me his insurance policy. Can I use his insurance to cover any losses/ damages / liability that may arise when I use this vehicle? |
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When Mr. X sold his vehicle, his recognized ownership ceases. Therefore this policy becomes invalid. To make a claim the policy has to be in your name. |
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| 4) |
My vehicle has met with an accident. How do I get about making a claim? Can I repair it and send the bills for payment? |
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Please note the procedure to be
followed in order to claim from your policy is as follows:
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Inform the police and Eagle
Insurance. |
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Obtain the police report & claim
form respectively. |
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Submit the estimate obtained from a
approved garage along with the completed claim form. |
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You cannot commence the repair until
one of our insurance assessors inspects your vehicle
and approves the estimate. |
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| 5) |
If my vehicle is on
lease contract, is it possible to obtain a third party insurance
cover? |
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No, if your vehicle is subject to the following, you
cannot take third party cover:
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On lease contract. |
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A person or an institution having any
financial interest on your vehicle. |
Only a comprehensive insurance cover can be obtain in such an instance.
My vehicle is on lease contract and is insured with you.
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| 6) |
If I request to reduce the value, delete SRCC(Strike, Riot and Civil Commotion) and Terrorism cover - is it possible? |
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As the Policy is assigned to a leasing company we need the leasing company's written approval to delete these covers. (The current value should be the market value.)
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| 7) |
If the vehicle belongs to a friend and he is using it, is it possible to take an insurance cover in my name? |
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You should be the legal owner or should have recognized
ownership on this vehicle. If you do not have any of these, you cannot obtain an insurance
policy in your name. |
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| 8) |
I have a private car,
which is insured with your company. Can my son who has driving
license drive my car? |
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Yes, any licensed driver can drive your vehicle with your
permission. |
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| 9) |
My vehicle is insured with you and my children want to learn to drive using this vehicle. Can they use it or not? |
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Any person who is eligible
to obtain the license can learn in your car, but you should
inform Eagle Insurance Co with the following details and an
appropriate Endorsement (amendment) should be obtained.
Name and Age of the learner
(This cover is given by charging an additional premium.)
Contact persons:
| Corporate
Lines: |
Fahima
on 2310346 |
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Sriyani on 2310328 |
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| Personnel Lines: |
Hasitha on 2310335 |
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Pranama on 2310336 |
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Please contact Eagle Insurance for further details |
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