PEDAL - CYCLES
Covers loss or damage to pedal cycles by :
- Covers loss/damage to pedal cycles belonging to insured by:
- Fire, lightning or external explosion.
- Riot, strike, malicious or terrorist act.
- Burglary and/or Housebreaking or theft
- Accidental external means
- Flood, cyclone, storm, tempest, and other similar convulsions of nature and atmospheric disturbance
- Earthquake Fire and shock
This section also covers legal liability of insured for death/injury to third parties or damage to their property arising out of use of the insured pedal cycles.
HOW TO CLAIM?
In case of any incident giving rise to a claim under this policy, please take the following steps:
- Legal liability in respect of accidental death or bodily injury to a third party or accidental damage to their property during performance of any act in connection with insured’s business.
- Compensation to insured’s employees under Workmen’s Compensation Act or Common Law.
- Take necessary steps to minimize the loss/damage.
- In case of fire, inform fire brigade immediately.
- In case of theft, larceny or burglary inform the police immediately along with a list of items stolen and their approximate value.
- Inform insurance company by phone or mail and in writing.
- Extend full co-operation to the surveyor appointed by the insurance Co. and provide necessary documents to substantiate the loss. A claim form issued by the company is also to be submitted.
- In case any rights of recovery exist against any other party responsible for the loss, your rights of recovery have to be subrogated to the insurance company on payment of claim.