Motor Insurance
Compass Insurance Co. SAL provides you with the finest motor insurance services in Lebanon, offers you an assistance available to you 365 days a year 24 hours a day with any of its motor insurance programs, and all the benefits of 24 hours road assistance, brought to you by its service team that is noted for its efficient service and technical capability.
1-Third Party Liability: This product covers legal liability for damages of the insured driver towards third party, in respect of:
- death or bodily injured to third parties
- loss or damage to third party property
2-All Risk Insurance: In addition to Third Party liability Insurance, the company shall be obliged to indemnify the insured against the damage of the motor vehicle which may arise out of the following:
- Collision or overturning
- Fire, including fire arising from self ignition or lightning
- Theft, Theft attempt or burglary
- Malicious acts of a third party
- Falling or flying objects
3-Total Loss: Total loss is applicable when the damage of the reparation cost of the insured vehicle is exceeding the 65 to 70% of its insured value. It is resulting from physical accidental damage only.
4-Motor Personal Accident Insurance: This insurance involves the payment of lump sum amount money as a result of a fatal motor accident that might occur to the insured, the driver and/or direct families.
5-Compulsory Insurance: As per the new Lebanese Law voted and applied on April 5, 2003, all cars on the Lebanese territory are to be insured for third party liability bodily injuries.
The needed limit for this cover is 750,000,000 LBP and its official premium 75,000 LBP.
If you think that the needed amount is not enough to cover your liability, you can choose to higher your limit till $10,000,000
***Orange Card: This is a unified insurance scheme which is required by vehicles traveling from one Arab country to another. It covers TPL as per the prevailing laws of the country where the accident has taken place.