Motor Insurance policy covers against loss of or damaged to the vehicle insured. It also compensate for legal liability to the insured and third parties (if any) arising out of use of motor vehicles owned and/or operated by the insured. It is a legal requirement by the law and rates are regulated by the government. Rates for private vehicles stand at 4% whereas commercial vehicles are set at 5%.
There are 3 classes of insurance:-
- Motor Private that covers losses incurred by vehicles for private use.
- Motor Commercial that cover losses incurred by vehicles for commercial activities.
- Third Party that covers losses incurred to third parties only.
The current valuation of the vehicle is necessary for the policy to be in effect. We at BTB offer our clients the opportunity to insure vehicles of any model/make and specification.
Other free features include :-
- AAR Rescue
- Windscreen and
- Towing