Bahrain Porsche Club

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1 Bahrain Porsche Club We are pleased to announce the Porsche Club Bahrain Insurance Scheme. This Scheme has been designed by Bahrain National Insurance (BNI) exclusively for the Bahrain Porsche Club Members as it is part of our main goal to provide members with exceptional privileges and benefits. Below are the main features of our Insurance Packages, Special Benefits and Privileges afforded as part of our scheme for the Porsche Club Bahrain Members, for Motor Insurance, Travel and Al Dar. 1

2 Motor Insurance Comprehensive insurance Brand New Vehicles A rate of 2% with (Three Years Agency Repair) A rate of 2.3% with (Five Years Agency Repair) Additional Premium (Lifetime Agency Repair) Second Hand Cars Option one with three years agency repair Minimum Premium Vehicle value of 10,000 & above with a rate of 2.3% Vehicle value below 10,000 with a rate of 2.5% Option two with five years agency repair Vehicle value of 10,000 & above with a rate of 2.5% Vehicle value below 10,000 with a rate of 2.7% The minimum premium is BHD 300 plus Additional Premium if applicable Vehicle Value Usually the vehicle value would be based on the Market Value or the Re-Sale Value. Furthermore, Bni s Surveyors in the claim department have the authority to decide the car value if needed. Special Benefits and Privileges for Porsche Club Members Free Car Replacement up to 12 Days Free 24 Hours road assistance across GCC countries, which includes flat tires, out of fuel, dead battery and lock out Free medical expenses up to BHD 100 Free Windscreen Breakage Cover Free Door to Door Service (HAPD) Priority service by a dedicated staff 15% Special Discount on the second renewal 10% special discount on Travel Discounted premium for non-porsche vehicles owned by the Club Member or spouse 2

3 Cover Highlights Collision of the insured vehicle with other vehicles, physical objects or people Over turning of the insured vehicle Accidental fire or self-ignition Theft of whole car or parts Accidental breakage of windscreen and other fixed glass Damage whilst in transit by road, lift or elevator Features of Tailor-Made Motor Insurance Package Motor Comprehensive insurance for Porsche vehicles regardless of the age of the vehicle Flexibility to decide the sum insured to cope it with the market value, particularly for old vehicles Liberal and prompt claim settlements Repair facility at the dealers workshop of any other mutually agreed shop Option to extend geographical area of coverage to KSA in respect of loss or damage to the vehicle Agreed formula for the total and partial loss settlement Total Loss Terms and Conditions Total Loss formula is calculated based on the market value of the insured vehicle or the sum insured whichever is lower less the depreciation till the expiry of the policy. (Refer to the attached Motor wordings for further clarifications) Cover Changing A Porsche Club Member is able to change between the three covers provided by Bni (3 Years agency repair, 5 Years agency repair and a lifetime of agency repair) during the policy or at the time of renewal given that the Porsche Club member will pay an additional premium. Notes Conditions Minimum Age of the insured 25 years old Minimum of two years driving experience Geographical area covered is within the territory of the Kingdom of Bahrain Policy Wording: as per the Bahrain National Insurance Motor Insurance Wording Minimum Age of the insured 25 years old Minimum of two years driving experience 3

4 Classic Cars Classic Car Insurance Car value lower than BHD 10,000 (3%) Car value equals to or above BHD 10,000 (2.8%) Classic Car Conditions A named driver policy The policy holder has to have a second car for daily use Car mileage monitoring Car has to be parked overnight in a garage Claim Settlement When a claim accrues and the spare parts are not available in the Kingdom of Bahrain, Bni will be obliged only to pay the catalog price via cash settlement. 4

5 Travel Insurance Our Comprehensive Travel Insurance covers Cancellation charges, Emergency Medical and Associated Expenses, Curtailment (Cutting of Journey short), Personal Accident, Loss of Passport, Loss of Baggage, Delay of Baggage, Loss of Money, Personal Liability and Missed Departure. This insurance coverage also meets the requirements imposed by embassies prior to issuing visas for Europe. Covered Countries Area # Area 1 Area 2 Area 3 Countries Covered Worldwide but excluding USA and Canada Worldwide Schengen Countries only Duration of Travel Asfaar Passengers aged between years, below 16 years old half of the below rates & under 2 year old Free Schengen Passenger aged 2-65 years, under 2 years old is half of the below Area 1 Area 2 Area 3 Prem. BD. Prem. BD. Prem. BD. 7 days days days days days days

6 Annual Rate Annual for individual Annual for Family of 4 members Max number of Adults 2 (Spouse) -Children's age will be 0-15 years -Max number of members shall be 6 for each family policy (i.e. 2 adults and 4 children or 1 adult and 5 children) Additional Member Notes A maximum of 62 days per trip in the case of an annual policy A maximum of 92 days for a single policy Passengers must be of Bahraini or GCC nationalities or holding a GCC resident permit. Asfaar & Schengen Policy If insured person is years old, there will be an addition of 1.5 times the above rates (Subject to approval) If insured person is years old, there will be an addition of 2.5 times the above rates (Subject to approval) 6

7 Home Insurance (Al Dar) Property Insurance On Building Loss or Damage Dwelling and its domestic garages Outbuilding (used solely for domestic purposes) Swimming pools, terraces patios, drives, footpaths, walls, gates, fences and hedges On Contents Loss or Damage Household goods and appliances Personal effect Furniture Fixtures Fittings Decorations and other property of members of your family permanently residing with the insured whilst inside the building Policy Coverage: Fire & Special Perils Fire, lightning and explosion of domestic vessels only Storm & tempest Escape of water Explosion Aircraft Flood Impact by any road vehicle or animal Standard extension of coverage under Building at free of charge Architects and surveyors fees and debris removal costs following loss up to an amount of BD 10,000/- provided that they are necessary and reasonable Accidental damage to underground water supply pipes, gas Pipes, electricity or telephone cables, between the insured building and public mains provided that the Building is insured. Extensions coverage s Free with Contents Insurance A cover for 12 months loss of rent up to a limit of BHD 12,000 Domestic Servant Third party liability up to a limit of BHD 50,000 7

8 Temporary removal of contents from the home BHD 500 Property in the open BHD 250 Replacement of locks following theft of keys BHD 100 Spoilage of food in deep freezer BHD 250 Contact: Applicable Rate: On Building and Content 0.40 per Mille Minimum Premium: On Building and content be will BHD 50 /- per policy. Excess: BHD 100 for each and every loss. Members Interested in taking advantage of this exclusive scheme need to contact the following BNI representatives directly: Ms. Eman Mujali Assistant General Manager, General Insurance Fifth Floor, BNI Tower Seef District, Kingdom of Bahrain Tel: , Fax: , Mobile: Mr. Mohammed Salman Assistant Manager, Motor & Personal Lines Department First Floor, BNI Tower Seef District, Kingdom of Bahrain Tel: , Fax: , Mobile: