REQUIREMENTS
- KRA pin
- ID Copy
- Logbook Copy
- Motorcycle’s Value
- Premium Payment
OUTLINE
PSV (Public Service Vehicle) insurance typically refers to insurance coverage for vehicles used for commercial purposes, including motorcycles used for passenger transport. However, the specific coverage details may vary depending on the insurance provider and local regulations. Here are some common coverages that may be included in motorcycle PSV insurance:
DETAILS AND BENEFITS
1. Third-Party Liability Coverage:
Details: This is the basic and mandatory coverage for all PSVs. It covers the cost of bodily injury and property damage that you may cause to third parties (passengers or pedestrians) in the event of an accident where you are at fault.
2. Passenger Liability Coverage:
Details: Since PSVs carry passengers, this coverage extends liability protection to cover injuries or damages passengers suffer while using the motorcycle service.
3. Motorcycle Damage Coverage (Comprehensive Cover:
Details: PSV insurance may include coverage for repairing or replacing the insured motorcycle in case of damage from an accident or other covered perils.