INDIA MOTOR TARIFF w.e.f 01.07.2002 -
Policy wording
STANDARD POLICY FORM FOR MOTOR TRADE INTERNAL RISKS

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 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:
NOW THIS POLICY WITNESSETH
That in respect of accidental loss or damage occurring during the period of insurance and subject to the Terms Exceptions and Conditions contained herein or endorsed hereon:
SECTION I - DAMAGE
Subject to the Limits of liability the Company will indemnify the insured against
damage to any insured vehicle (including its accessories whilst thereon) the property of
the insured or any member of the insured's family or household caused by accidental,
external and visible means and occurring in or on the premises.
The Company may at its own option repair, reinstate or replace such vehicle or any
part thereof or its accessories or may pay in cash the amount of the damage.
EXCEPTIONS TO SECTION I
The Company shall not be liable to pay
(a) for loss of use, depreciation, wear and tear, mechanical or electrical breakdown,
failures or breakages.
(b) for damage to tyres by application of brakes or by punctures, cuts or bursts.
SECTION II - LIABILITY TO THE PUBLIC RISKS
Subject to the Limits of liability as laid down in the Schedule hereto the Company
will indemnify the insured against all sums including claimant's costs and expenses
which the insured shall become legally liable to pay in respect of
1) accidental death of or bodily injury to any person other than a person in the
insured's service or a member of the insured's family or household.
2) accidental damage to
(a) any insured vehicle (including its accessories whilst thereon) held in trust by
or in the custody or control of the insured.