Commercial Vehicle Insurance

Whether you own and drive a commercial vehicle or you own the vehicle and someone else drives it, you are responsible for it completely. To stay safe in this situation, it's always advantageous to have Commercial Vehicle Insurance.

Coverage for a variety of situations
Quick and hassle-free settlement for your claims
Instant online policy renewal

What does the policy cover?
Loss or damage to your vehicle due to:

Riot, strike
Earthquake
Malicious act
Terrorist activity
Landslide rock slide
Accident(external means)
Burglary, housebreaking, theft
Inundation cyclone, hailstorm, frost
Fire explosion, self-ignition or lightning
Flood, typhoon, hurricane, storm, tempest

b) Third-party insurance, which protects you against losses that occur due to bodily injury or death to a third party or any damage to that persons property by use of your insured vehicle.

Additional Towing cover for Commercial Vehicle
This cover shall pay in excess of what is provided in tariff for towing charges incurred by the insured in case of an accident.

Tariff provides for INR 750 for three wheeled vehicles, INR 1500 for taxies, INR 2500 for any other commercial vehicles.

Maximum limit that can be opted by insured over & above what is mentioned above is as below:



What does the policy not cover?
Loss or damage due to war or nuclear risks

Deductible as stated in your policy

Loss or damage due to ionizing radiation

Vehicle driven by someone other than the driver, as stated in the 'Driver's Clause'.

Accidental loss, damage or liability occurring outside the defined geographical area for the vehicle

Vehicles being used other than in accordance with the limitations as to use. For example, if you use a private vehicle for commercial purposes.

Consequential loss - if the original damage causes subsequent damage loss, only the original damage will be covered.