We have the honor of presenting you the coverages that can be insured under the Car Insurance line of business:

DEFINITION OF COVERAGES:

Civil Liability

Up to the monetary limit established in the Individual Conditions of the Policy, this coverage covers the legal liability that may arise as a consequence of a traffic accident covered by the Policy against the person driving the insured vehicle, resulting in bodily injury, including the death of third parties, as well as property damage to third parties in their property.

The indemnity shall include:

• The reasonable expenses of treatment of the injured third parties or of their burial in case of death.
• The legal indemnity is payable by the Insured Party in case of death or total or partial disability of the injured persons.
• The legal expenses and costs to which the Insured Party is condemned in case of a lawsuit brought against him/her by any injured third party.

This coverage applies only when the driver of the insured vehicle is declared at fault by the competent authority.

Passenger Civil Liability

Up to the monetary limit established in the Individual Terms and Conditions of the Policy, this coverage covers the indemnity that the driver is legally obligated to pay when he is declared civilly liable for the death or bodily injury accidentally caused by the use of the insured vehicle to persons transported free of charge, provided that they travel in the seats designated for passengers.

This coverage applies only when the driver of the insured vehicle is declared civilly at fault by the competent authority.

Medical Expenses

Up to the monetary limit established in the Individual Terms and Conditions of the Policy, the Company shall reimburse the Insured for the value of the necessary and reasonable expenses incurred for hospitalization, medical fees, medicines, radiological and laboratory examinations of himself, his spouse, relatives or any other person under his charge or service, due to bodily injuries sustained in the accident covered by this Policy, while traveling in the driver’s and passengers’ compartment of the insured vehicle.

Collisions, Auto Ignition, Accidental Fire, Lightning, and Explosion.

Without exceeding the insured value per vehicle detailed in the Individual Terms and Conditions, this coverage covers:

• Total or partial damage sustained by the insured vehicle as a direct consequence of collision and accidental overturning, auto ignition, accidental fire, lightning, or direct action of an explosion.
• Towing expenses incurred by the Insured Party to the repair shop, as well as payment of security guards when the vehicle has to be temporarily left at the place of the accident, provided that the loss is covered and up to the Sum Insured indicated as Salvage Expenses in the Individual Terms and Conditions.

Total Loss

Without exceeding the insured value detailed in the Special Conditions, this coverage covers the total loss of the insured vehicle as a direct consequence of Accidental collision and overturning, auto ignition, accidental fire, lightning, or direct action of an explosion. It shall be considered as a total loss when the cost of repairing the vehicle, approved by the Company, exceeds 75% of the insured value stated in the Individual Terms and Conditions of this Policy.

Total theft of the vehicle or partial theft as a consequence of total theft.

Without exceeding the insured value detailed in the Individual Terms and Conditions, this coverage covers the total theft of the insured vehicle and the physical damage with which it appears after the theft has occurred as a direct consequence of such theft. Partial theft of any of the useful parts or accessories of the insured vehicle is not covered under this coverage unless such theft is a consequence of total theft.

In case of theft, the Company shall have forty-five (45) days from the date of the claim to investigate the case and recover the vehicle and shall not be obliged to make any payment before the expiration of this term.

Glass Breakage

Covers the cost and normal installation of the glass of the insured vehicle due to accidental breakage thereof, provided that such breakage only affects the glass, i.e., without affecting the bodywork.

Public Disorder

Covers property damage caused directly to the insured vehicle by persons taking part in public disorder. For the purposes of this coverage, Public Disorder shall be understood as the alteration of public order caused by the disorderly movement of a group of not less than 12 civilians acting in a tumultuous, boisterous, or violent manner in defiance of the legitimately constituted authority or in violation of its provisions, but without having the objective of removing the government by force.

Catastrophic Risks

Covers material damage suffered by the insured vehicle as a direct consequence of Earthquake, volcanic eruption, flooding, tidal wave, tornado, hurricane, cyclone, typhoon, stormy winds, overflowing of rivers, estuaries, lakes, lagoons, rain beds on roads and landslides on highways open to traffic.

Theft of Special Equipment

Covers the loss or damage caused by theft with forced entry of the special equipment described in the Individual Conditions of this Policy, provided that it does not exceed the Sum Insured detailed therein. It also covers the damage caused to the insured vehicle as a consequence of the theft of the special equipment. Not covered are the hubcaps, carpets, double transmission coupling system located on the tires, rearview mirrors, spare tires, emblems, logo, and any other accessory when placed on the outside of the vehicle.

Territorial Extension

Extends the coverage of the Insurance, under the same terms and conditions, to Panama and Central American countries. However, for the effects of the Civil Liability Coverage, this shall be effective after the coverage that the Insured has taken in the other country where this coverage is mandatory is exhausted.

Vehicle Rental

This coverage shall be valid in case of total or partial loss of the insured vehicle covered by this Policy, which does not allow its use. By means of this coverage, the Company shall reimburse the Insured for the expenses incurred for the rental of a vehicle while the respective indemnity is made, not exceeding US$30.00 (thirty U.S. dollars) per day and for a maximum period of thirty (30) days counted from the third day from the date on which the claim was accepted by the Company.

Garage of Choice for New Vehicles

By means of this coverage, the Company guarantees the Insured that, in case of partial loss, his vehicle shall be repaired in the garage chosen by him and expressly detailed in the Policy. It is also guaranteed that it will not be necessary to submit different repair estimates in case of loss, only the one from the garage chosen by the Insured Party at the time of contracting the Policy.

Total Loss for New Vehicles

It shall be considered a Total Loss when the cost of repairing the insured vehicle, duly approved by the Company, exceeds 65% of the insured value.