OUTLINE

PSV motor insurance is a specific type of insurance designed for vehicles used for public transportation or as Public Service Vehicles (PSVs). These vehicles carry passengers for hire or reward and include buses, minibusses, taxis, and other forms of public transport.PSV motor insurance provides coverage tailored to the unique risks associated with operating public service vehicles. It typically includes the following key coverage components:

FEATURES AND BENEFITS

1. Comprehensive Coverage

This coverage extends to accidental loss or damage to the insured PSV, whether due to an accident, theft, fire, vandalism, or other covered perils.

2. Third-Party Liability Coverage

It covers the legal liability of the PSV owner or operator for bodily injury, death, or property damage caused to third parties (passengers or other road users) due to an accident involving the PSV.

3. Passenger Liability Coverage

As PSVs are responsible for carrying passengers, this coverage extends the liability protection to cover bodily injury or death of passengers while traveling in the PSV.