Common Insurance Terms Policyholder/Insured- Owner of the policy Insurer/Company- Malliouhana-Anico Insurance Company Limited Market value- The price which the motor vehicle of a similar make & model can be                             brought on the day of a loss Schedule- Section with details on insured and vehicle Theft- 'A person is guilty of theft, if he dishonestly appropriates property belonging to               another with the intention of permanently depriving the other of it" Spouse- legally married partner Indemnity - The insured is entitled to be reinstated as far as it is possible, to the same                      position as he occupied the moment before his loss, but he should not profit                    from his misfortune. Excess/deductible- The amount for which the insured is responsible for each-every loss Cover- The Company will indemnify the insured in respect of loss of or damage to the              motor vehicle and its accessories and spare parts while they are on or in the               vehicle:              by accidental collision or overturning as a result of 1. Mechanical breakdown or wear and tear 2. By fire, lightning, external explosion, self ignition, or burglary, housebreaking or theft               or by malicious acts Claim Settlement - The Company may repair, reinstate or replace the motor vehicle or                                 any part of the motor vehicle or its accessories or spare parts, or                                may pay in cash the amount of the loss or damage. The insured's estimate of value of the motor vehicle (including its                  accessories and spare parts specified in the schedule or, the actual market value of the motor vehicle(including its accessories and spare parts while they are in or one the vehicle) at time of the loss or  damage, which ever is less. Protection & Removal - If the motor vehicle is disabled by reason of loss or damage                                              that is the insured under this policy, the Company will (subject                                              to the limit of liability) bear the reasonable cost of protection                                               and removal of the motor vehicle to the nearest repairers or                                               the insured's home. Liability to Third Parties Indemnity to the insured - The Company will indemnify the insured in the event of a                                                  accident caused by or arising out of the use of the motor                                                  vehicle, in respect of all sums, including the claimant's costs                                                  and expenses, which the insured shall become legally liable                                                               to pay in respect of                                                   1.  death of or bodily injury to any person                                           2.  damage to property
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CONTACT US TODAY MAICO P. O. Box 492, Cosley Rd The Valley  Anguilla, AI-2640  Tel: 1-264 497 3712US: 1-954 840 7591 Fax: 1-264 497 3710Email: maico@anguillanet.com  ...................................... Auto Insurance ...................................... Property Insurance ...................................... Life Insurance ...................................... Travel Insurance ...................................... Professional Indemnity Marine & Hull Your Premiums Stay Here