Motor Insurance Contracts are subject to the basic principles applicable to property and liability insurance in general. The owner of the vehicle must bear a legal relationship to the vehicle whereby he or she stands to benefit by the safety of the vehicle, right, interest or freedom from liability and stands to lose by any loss , damage , injury or creation of liability.Scope Of Cover
SECTION I of Standard form of Private Car Policy ( B ) or Motor Cycle/Scooter Policy covers against loss or damage to the insured vehicle and/or its accessories whilst thereon.
SECTION II covers Liability to third parties which means this section provides indemnity to the Insured in the event of accident caused by or arising out of the use of the motor vehicle against all sums, including claimants costs and expenses, which the insured shall become legally liable to pay in respect of --
Vehicles plying outside the Geographical Area claim out of any contractual liability, vehicles being used otherwise than in accordance with the limitations as to use, being driven by any person other than a driver as stated in the Drivers Clause, nuclear risks, liability directly or indirectly arising from nuclear weapons material are the general exceptions.Basis Of Sum Insured
Invoice price for new vehicle together with additional expenditure if any on accessories can be the basis of Sum Insured.
Technopolis Insurance Brokers Pvt. Ltd is Insurance Broker Company in the field of Non- Life Insurance. The Insurance Regulatory And Development Authority, Hyderabad has granted us as Direct Broker (Non-Life Insurance) with License No 477 and Broker Code is IRDA/DB523/12 for the period 27.12.2013 to 26.12.2016.
In today’s changing and very fast developing general insurance industry scenario, a well informed client could get the advantage of optimum coverage at minimal cost. General Insurance Market in India is developing very fast and adapting to international standards in fulfilling complex needs of various clusters. As the market grows and develops the insured needs to have a well informed specialist on their side to assist them at every step and throughout the cycle of insurance transaction in choosing, buying and availing various insurance services.
Technopolis Insurance Brokers’ Pvt. Ltd., a group of professionals having expertise of various domain of general insurance industry, was set up with an aim to provide most relevant and cost effective insurance coverage to their clients. We are a team of enthusiasts having wide and profound knowledge and expertise in the field of Non-Life Insurance. We at Technopolis aim to deliver most innovative solutions to meet needs of our clients. Through our high standards of professionalism coupled with expertise and experience in the field of insurance, we shall be able to provide best solution and services for our clients. We are well equipped and prepared to meet challenges of Indian as well global scenario of changing insurance needs and practices. We specialize in various areas of corporate as well personal line insurances and provide highly professional, reliable and competent advice and services.
Our aim is to be the one of best insurance brokers providing complete and competitive coverage to their clients.
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