Examples of Insured motor vehicle in a sentence
In the event that the Company makes use of this right, the policyholder shall be obligated to transfer the ownership rights to the Insured motor vehicle to the Company, including all documents and keys belonging thereto.
When the policyholder accepts compensation, the Company shall be entitled to take over the ownership rights to the Insured motor vehicle from the policyholder.
During the inspection, the Insured motor vehicle is in good condition and it is confirmed that its particulars (including the model) are identical to those declared in the Proposal.
In case the repair of the Insured motor vehicle is likely not finished on the day of the Insured event occurred, the Insurer undertakes the organization of a replacement vehicle necessary as per the number of the passengers of the Insured vehicle, and the payment of the associated costs as follows up to 24 hours.
Each year at the renewal date the insured amount shall be increased in conformity with the list priceas indicated by the local dealer as applicable at the time of renewal, provided that the Insured motor vehicle is in good condition and is not older than 3 years.