Motor Insurance
Complete Protection for Your Vehicle
Motor vehicle insurance, also called automotive insurance a contract by which the insurer assumes the risk of any loss the owner or operator of a car may incur through damage to property or persons as the result of an accident.
What is Covered?
- Accidental damage to your vehicle
- Collision and overturning
- Fire or explosion
- Theft or burglary
- Natural disasters (flood, cyclone, storm)
- Third-party property damage
- Third-party injury or death
Types of Marine Insurance
- 1. Comprehensive Insurance Covers both own vehicle damage and third-party liability.
- 2. Third-Party Liability Insurance Mandatory in Bangladesh. Covers damage or injury caused to others.
- 3. Act Only Policy Basic legal coverage as required by law.
- Comprehensive
Covers a single shipment or specific journey.
Who Should Take Motor Insurance?
- Importers and Exporters
- Garment and Textile Businesses
- FMCG Distributors
- Manufacturers
- Shipping and Logistics Companies
- E-commerce Businesses
Marine insurance is especially important in Bangladesh due to busy ports like Chattogram and Mongla.
Key Benefits
- Financial protection against transit risks
- Compliance with banking and LC requirements
- Peace of mind for international trade
- Fast claim settlement process
- Customizable coverage options
What is Not Covered?
- Intentional damage
- Improper packing
- Ordinary leakage or wear and tear
- Delay-related losses
- War and strike risks (unless added as extension)
Required Documents
- Commercial Invoice
- Bill of Lading / Air Waybill
- Packing List
- Insurance Policy
- Copy Claim Form
