Under this Policy of Insurance the Company undertakes to indemnify the insured for loss of or damage to the insured vehicle, its accessories and spare parts whilst thereon:

•  By accident or accidental collision or overturning consequent upon  mechanical breakdown or cosequent upon wear and tear.
•  By fire, external explosion, self ignition., lightning or thunderbolt.
•  By burglary ot Theft.
•  By malicious act of any third party.
•  Whilst being in transit (including the process of loading and unloading  incidental to such transit) by road, rail, inland waterway, lift or elevator,  relating to the said tranportation.