This class of takaful is specially designed to cover mobile vehicles or equipment which are not licensed for general road use. Some examples include forklifts, wheel loaders, agricultural tractors, excavators, bulldozers, crawlers etc.
The certificate covers loss or damage to the property covered by:-
- Accidental collision or overturning or collision or overturning consequent upon mechanical breakdown or consequent upon wear and tear
- Fire, external explosion, self-ignition or lightning
- Malicious Act