In any other case claim shall lie against the insurer of the directly offending

In any other case claim shall lie against the insurer

This preview shows page 21 - 26 out of 26 pages.

In any other case, claim shall lie against the insurer of the directly offending vehicle. In all cases, the right of the party paying the claim to recover against the owner of the vehicle responsible for the accident shall be maintained. COMPULSORY MOTOR VEHICLE LIABILITY INSURANCE CLAIM, SEC 391, IC
Image of page 21

Subscribe to view the full document.

A coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. The damage caused to the motor vehicle or its parts may be due to own fault or others like theft, fire, vandalism or falling objects. It may also be due to natural (Acts of God) and man- made calamities. It may also include coverage for liabilities to third parties or passengers. MOTOR VEHICLE INSURANCE COMPREHENSIVE
Image of page 22
A stipulation in a motor vehicle insurance which provides that the driver , other than the insured owner, must be duly licensed to drive the motor vehicle otherwise the insurer is excused from liability . The clause means that the insurer indemnifies the insured owner against loss or damage to the car but limits the use of the insured vehicle to the insured himself or any person who drove on his order or with his permission. (Villacorta v. Insurance Commissioner, G.R. No. 54171, Oct. 28, 1980) AUTHORIZED DRIVER S CLAUSE
Image of page 23

Subscribe to view the full document.

Its main purpose is to require a person other than the insured, who drives the car on the insured s order, such as, his regular driver, or with his permission, such as a friend or member of the family or the employees of a car service or repair shop to be duly licensed drivers and have no disqualification to drive a motor vehicle. (Villacorta v. Insurance Commission, G.R. No. L-54171, Oct. 28, 1980) AUTHORIZED DRIVER S CLAUSE
Image of page 24
Plate Glass Insurance Insurance against the loss from accidental breaking of plate-glass windows, doors, show cases, etc. Burglary & Theft Insurance Covers loss of property through burglary, theft or robbery Personal Accident/Health Insurance by Non-life Issued by Non-life insurance companies Indemnify the insured against expense, loss of time and suffering from accidents causing him personal injury. OTHER CASUALTY INSURANCE
Image of page 25

Subscribe to view the full document.

An agreement whereby the surety guarantees the performance by the principal or obligor of an obligation in favor of the obligee. (Sec 177, IC) Deemed to be an insurance contract only when the surety is engaged in business as such and not merely an isolated transaction. (Sec 3, IC) Includes official recognizances, bonds or undertakings issued by any company There is joint and several liability of the surety or sureties and the obligor. (Sec 178, IC) SURETYSHIP
Image of page 26
  • Fall '18

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes