The words or expressions detailed below have the following meaning wherever they appear in this Policy and will appear in Bold.
Accidental Damage: Means any total or partial damage to the insured Tyre/s, caused by external means and which inhibits their use. Theft and Vandalism are also included.
Agent: Means PSA Insurance Solutions Ltd., a company authorised to act as an Insurance Agency for PSA Insurance Ltd. and carry on insurance intermediation in France under the freedom to provide services provisions, by the Malta Financial Services Authority (MFSA) under Registration no C83206. Registered Office: MIB House, 53, Abate Rigord Street, XBX1122 Ta’ Xbiex, Malta.
Alloy Wheel/s: The Alloy Wheels that are of original specification of Your vehicle and that were present on Your vehicle at the time You purchased the vehicle.
Claim Limit: Is the maximum amount that You can be compensated for under this Policy. These are explained in Section E. What is Your Claim Limit and where applicable shown on Your Policy Schedule.
Cooling off Period: Means the period of thirty (30) full calendar days from the Effective Date or from the day You receive Your Policy, if this is provided after the Effective Date, during which you can cancel Policy without having to explain Your reasons, subject that You have not made any claims during the said thirty day period.
Effective Date: The date from which this Policy has become legally binding for all parties.
Eligibility Criteria: Refers to the set of requirements that need to be in place for You to subscribe to and benefit from this Policy.
Geographical Limits: Means the area in which this Policy is providing You cover as described in Your Policy Schedule.
Insurance Policy: Refers to Your Policy Schedule/s and these General Terms and Conditions.
Insurance Premium: This is the price You paid for the cover provided under this Policy including any taxes/fees due to the respective authorities in the country where this Policy is purchased. The Insurance Premium is shown on Your Policy Schedule.
Insured/You/Your: Means the person named in the Policy Schedule.
Insurer/We/Us/Our: PSA Insurance Limited, Reg; C44567 is a limited liability company under Maltese law, having its registered address at: MIB House, 53 Abate Rigord Street, Ta’ Xbiex, XBX1122 Malta.
PSA Insurance Limited is authorised to carry on business in terms of the Insurance Business Act, and authorised to carry on Insurance business in France under the freedom to provide services provisions by the Malta Financial Services Authority (MFSA, Notabile Road, Attard BKR 3000, Malta).
My Account: Means the secure area on the website www.psa-insurance-solutions.fr, which You may access by entering a user name and password. It contains Your Policy, together with any other documents for the administration of Your Policy.
Period of Insurance: Means the dates between which this Policy is in force as highlighted in Your Policy Schedule.
Policy Schedule: Means the document containing the details related to this Policy based on the information You provided.
Repair Costs: Means the reasonable cost of any tyre repair, that could include supplies, internal and external examination, Tyre Dismounting / Mounting on the rebar, tyre Alignment, Balancing and equilibrium, and the cost of the replacements required to complete a repair under this Policy. The extent cover depends on the option chosen during subscription which is shown in the Policy details section of Your Schedule.
Repairer: Means a professional trade expert in Tyre and/or Alloy Wheel Repairs.
Replacement Tyre: Means a tyre of the same specifications as the tyre needing replacement and listed in Your Policy Schedule. Replacement Tyre is not automatically insured and a new policy will be required if You want to insure it.
Tyre/s: Means any tyres of any brand fitted to the insured Vehicle as per the manufacturer’s specification, that You have bought for private use and as new ,within the last thirty (30) days of purchasing this Policy, as defined in Schedule of this Policy.
Unutilised Share of Premium: Is equal to Your Insurance Premium including any taxes, fees and parafiscal charges, which You have already paid multiplied by the Number of remaining days covered by Your latest payment and then divided by the total Number of days covered by Your latest payment.