Car Insurance Conditions - All Risk CAR
the event of a subsequent claim within 12 months after the previous
Listed value Deductible
up to 17,999 250
18,000 - 29,999 300
30,000 - 49,999 540
50,000 - 74,999 780
75,000 - 99,999 1000
100,000 and higher
2% of the listed value or the deductible
stated on your policy schedule
If the driver of the motor vehicle is under 23 or if the driver, at the time of the
collision, is not listed on the policy schedule, an additional deductible of ANG.
350 applies on top of the aforesaid deductible.
If you have held your driver’s license for less than 1 year, an additional deductible
of ANG. 150 applies on top of the aforesaid deductible.
If another party is responsible for your damage and we recover that damage
from that other party, the claim does not count towards your deductible and does
not affect your no-claim discount.
We do not charge a deductible in the event of a broken windscreen.
The maximum loss that is reimbursed in the event of damage is as follows:
a. If you have comprehensive insurance with a new-for-old scheme:
The new-for-old value is paid in the event of cars less than 3 years old, provided
the damage is incurred within 36 months. The new-for-old value of the passenger
car will be the price of a new passenger car of the same make, type and model
applicable on the date of the loss, subject to a maximum of 125% of the value stated
on the policy schedule. If this type or model is no longer available, the most recent
listed valued will be indexed in accordance with the cost-of-living index of the
Central Bureau of Statistics, subject to a maximum of 125% of the value stated on
the policy schedule.
The 3-year new-for-old scheme does not apply if the driver, in the event of a
collision, is under 25.
If, at the time of the damage, the actual driver of the motor vehicle was under 25,
and the repair costs are more than 2/3 of the value of the motor vehicle
immediately prior to the damage being sustained then, contrary to the above, the
depreciation rule below is applied:
1. if the damage is sustained within twelve months after the insurance inception
date, this value will be set at new-for-old value applicable then;
2. if the damage is sustained after these 12 months, the percentage by which the
then applicable new-for-old value is decreased from the 13th to the 36th month
is: 1.5%. In which the depreciation in the 13th month is equal to 1.5% of the then
applicable new-for-old value and 36% of the then applicable new-for-old value
in the 36th month;
Car Insurance Conditions - All Risk
CAR INSURANCE
0
Listed value Deductible
up to 17,999 250
18,000 - 29,999 300
30,000 - 49,999 540
50,000 - 74,999 780
75,000 - 99,999 1000
100,000 and higher
2% of the listed value or the deductible
stated on your policy schedule
If the driver of the motor vehicle is under 23 or if the driver, at the time of the
collision, is not listed on the policy schedule, an additional deductible of ANG.
350 applies on top of the aforesaid deductible.
If you have held your driver’s license for less than 1 year, an additional deductible
of ANG. 150 applies on top of the aforesaid deductible.
If another party is responsible for your damage and we recover that damage
from that other party, the claim does not count towards your deductible and does
not affect your no-claim discount.
We do not charge a deductible in the event of a broken windscreen.
The maximum loss that is reimbursed in the event of damage is as follows:
a. If you have comprehensive insurance with a new-for-old scheme:
The new-for-old value is paid in the event of cars less than 3 years old, provided
the damage is incurred within 36 months. The new-for-old value of the passenger
car will be the price of a new passenger car of the same make, type and model
applicable on the date of the loss, subject to a maximum of 125% of the value stated
on the policy schedule. If this type or model is no longer available, the most recent
listed valued will be indexed in accordance with the cost-of-living index of the
Central Bureau of Statistics, subject to a maximum of 125% of the value stated on
the policy schedule.
The 3-year new-for-old scheme does not apply if the driver, in the event of a
collision, is under 25.
If, at the time of the damage, the actual driver of the motor vehicle was under 25,
and the repair costs are more than 2/3 of the value of the motor vehicle
immediately prior to the damage being sustained then, contrary to the above, the
depreciation rule below is applied:
1. if the damage is sustained within twelve months after the insurance inception
date, this value will be set at new-for-old value applicable then;
2. if the damage is sustained after these 12 months, the percentage by which the
then applicable new-for-old value is decreased from the 13th to the 36th month
is: 1.5%. In which the depreciation in the 13th month is equal to 1.5% of the then
applicable new-for-old value and 36% of the then applicable new-for-old value
in the 36th month;
Car Insurance Conditions - All Risk
CAR INSURANCE
0
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