- Inclusions Of Commercial Vehicle Insurance
Damage/loss to the insured vehicle due to the following causes:
- Fire, explosion, self-ignition, or lightning
- Strike, riot
- Burglary, housebreaking, and theft
- Natural catastrophes: typhoons, hurricanes, typhoons, earthquakes, etc.
- Man-made catastrophe: Fire and ignition, robbery, home invasion, etc.
- Riots, strikes, etc.
- Any malicious behaviour
- Any terrorist activity of any kind
- The incident brought on by outside forces
- Commercial vehicle insurance may protect you if an accident occurs and your insured vehicle damages or loses another person’s vehicle, resulting in bodily harm or the passing away of a third party.
- In any case, if the owner or the hired driver is involved in an accident that results in accidental passing away or permanent disability, they are made whole.
- Exclusions Of Commercial Vehicle Insurance
- Any claims resulting from the agreement.
- Vehicle deterioration and wear.
- Electrical and mechanical failure.
- The policy’s stated deductibles.
- Any claim resulting from using the car outside its designated geographic range.
- Any claims that go over the restrictions mentioned in the policy schedule.
- Any claim resulting from ionising radiation causing harm or loss.
- Any claim resulting from nuclear risks
- Any claim that results from a subsequent loss or damage.
- According to the driver’s clause, any claims made in such a situation may not be covered if the vehicle is driven by someone other than the insured driver.
- Compare Commercial Vehicle Insurance
Comparing commercial vehicle insurance policies from different companies is essential for finding the ideal coverage and premiums. It allows you to save commercial vehicle insurance costs and see the policy aligning with your needs. ##
- Calculate Commercial Vehicle Insurance Premium
Calculating the commercial vehicle insurance premium is essential. Below is a list that will assist you in determining your general insurance premium:
- The vehicle’s insured declared value
- Vehicle make and model information
- The vehicle’s age
- Place of the vehicle’s registration
- Fuel consumed by the car
- History of the vehicle’s driving
- Vehicle’s history of claims
- Choice of coverage
- Making An Insurance Claim For A Commercial Vehicle
In an incident requiring a claim, prompt reporting of the loss or damage is essential. You can initiate the claim process by calling the toll-free number or submitting a claim online through the insurance provider’s website. Customer service representatives will assist you throughout the process.
When filing a claim, you must complete the form and provide a copy of your driver’s license and the vehicle’s registration certificate. You can utilise the insurer’s cashless claim facility if you visit one of their authorised network garages. Claims are subject to terms and conditions set forth under the commercial insurance policy.
- Insurance for Commercial Vehicle Renewal
You have two options for renewing your commercial vehicle insurance policy: online or in person at the insurance provider. When a policy is renewed and no claims have been made under the policy, the majority of insurance companies offer a No Claim Bonus. *
- Factors Affecting Premiums
Several factors influence the cost of your commercial vehicle insurance online premiums. These can include the type of business you operate, the number of vehicles in your fleet, the driving history of your employees, the value of your cars, and the areas where your vehicles are used and stored.
*Standard T&C Apply
##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.