Comprehensive Motor Insurance:

A program that provides comprehensive coverage of the insured vehicle to include third party liability, loss or damage to the vehicle from the risks of accidents, theft and fire, as per the terms and conditions mentioned in the wording policy. The comprehensive motor insurance policy compensate up to SR 10 million for liability insurance and for the physical damage of the insured vehicle including the blood money  and estimated amounts of medical expenses in accordance with the terms and conditions mentioned in policy wording during its validity. The policy also compensates for the loss or damage to the insured vehicle resulting from road accidents, theft, fire or any risks not excluded from the policy, at the market value of the vehicle at the time of the accident or repair of the damaged vehicle. One of the advantages of the comprehensive insurance policy of Malath Insurance is coverage and compensation for damages resulting from natural hazards such as hail and floods.

Also, Additional covers can be added to the policy according to the wishes of the insured, to includ:

• Personal accidents
  

Personal injuries of the driver and / or the driver and passengers are the result of an accident involving the insured vehicle, as well as the medical expenses resulting directly from the accident.

• Age expansion
  

The coverage of the age group of drivers can be extended to include those under the age of 21 who hold a valid driver's license for the insured vehicle at an additional premium according to the selected age group.

• Repairing of vehicle in Agency
  

Insurance coverage can be expanded to cover repair of the damaged vehicle at the authorized agent for an additional premium on the basic insurance value.

• Provide an alternative vehicle
  

The possibility of extending the insurance coverage to include the replacement of the rental value of the replacement vehicle until the repair of the damaged vehicle or settlement of the claim, in accordance with the maximum agreed upon policy wording.

The policy includes further advantages as well as some exceptions mentioned in the policy wording that the owner of the vehicle must read before signing the application and issuing the policy.

 

Third party liability insurance

The third party liability insurance policy from Malath insurance covers the damage caused by a private vehicle accident, which is caused by the vehicle owner or driver under the terms and conditions mentioned in the policy up to SR 10 million for physical damage to third parties, And the estimated amounts of the medical expenses, the blood money and injuries in accordance with the terms and conditions mentioned in the policy wording during its validity. The owner of the vehicle can also add some advantages to the policy at additional fees such as:

• Personal accidents
  

Personal injuries of the driver and / or the driver and passengers are resulting of an accident involving the insured vehicle, as well as the medical expenses resulting directly from the accident.

• Age expansion
  

The coverage of the age group of drivers can be extended to include those under the age of 21 who hold a valid driver's license for the insured vehicle at an additional premium according to the selected age group

Below is a table showing the advantages and the difference between comprehensive vehicle insurance and third party liability insurance.

The policy includes further advantages as well as some exceptions mentioned in the text of the policy that the owner of the vehicle must see before signing the application and issuing the policy.

Our most common insurance policy, the Contractor’s All Risks Policy, provides a wide range of coverage against loss or damage to engineering projects including construction plants, equipment and construction machinery. The policy also provides protection to contractors from legal liabilities to any third parties.

Engineering Insurance also provides various insurance programs, including:

• Contractors all Risks Insurance.
• Erection all Risks Insurance.
• Contractors' Plant and Machinery Insurance.
• Machinery Breakdown Insurance.
• Machinery Loss of Profit Insurance.
• Boiler and Pressure vessels Insurance.
• Deterioration of Stock Insurance (Cold Storages).
• Computer and Electronic Equipment Insurance.

This policy provides customers with comprehensive insurance coverage programs to protect all types of vessels starting from the huge oil tanker, gas tankers to goods carrier and ships carrying people, as well as offering specific coverage programs against the risks pertaining to yachts, small boats and private marine vessels. The policy provides coverage against any loss or damage to hull and machinery of the vessel due to natural disasters such as sinking, fires, collision, in addition to third-party liability.

This policy provides comprehensive and flexible marine cargo programs to protect goods & belongings during transportation from natural disasters, such as sinking, fires and collision. This coverage is provided through a set of marine insurance policies that include the following:

• Marine Cargo Insurance Open Coverage - open policy (usually one year).
• Marine Cargo Insurance Policy - for single consignment.
• Inland Transit Insurance Policies.

The travel insurance policy from Malath offers coverage against losses suffered during the insured travel. Our policy offers the insured individual peace of mind, along with the following benefits:

• Medical Emergency Expenses.
• In-patient Medical Expenses.
• Personal Public Liability.
• Cancellation/Curtailment of Trip.
• Missed Departure.
• Personal Properties (loss of baggage/delayed baggage and loss of personal money).
• Personal Accidents.
• Credit Card Reimbursement for Purchases Abroad in Case of Death.

Malath also offers the benefit of the travel insurance policy through two plans:

• Short-Term Plan: Coverage of a single trip.
• Annual plan: Coverage of any number of short-term trips during the entire year.

Three schemes fall under the above-listed plans, which have been put in place to meet every client’s needs:

1. Worldwide (including the U.S. and Canada).
2. Worldwide (excluding the U.S. and Canada).
3. European Union countries (Schengen).

Malath launched the Medical Malpractice Insurance Policy out of its belief in the importance of the medical profession in the Saudi Kingdom, and to provide more needed support and assistance to doctors, surgeons, dentists, nurses, technicians, and all other medical groups. This insurance policy meets the needs of hospitals, clinics, and care-nursing homes and ensures tranquility and peace of mind for their business.

Coverage provided under this policy includes:

• Medical Malpractice - This includes any bodily or mental injury, illness, disease, or death of any patient as a result of negligence or fault in providing proper medical treatment.
• Third Party Liability - This includes any bodily or mental injury, illness, disease, or death of any person, caused by the performance of the insured individual during employment within the kingdom of Saudi Arabia. This policy also includes all the defense costs incurred.