Commercial Vehicle Insurance

Commercial Vehicle Insurance
Rest assured knowing your fleet is protected

Commercial Vehicle Insurance key Features & Benefits

Chola Commercial Vehicle Insurance is a one-of-its-kind motor insurance policy designed to especially protect vehicles that are not used for personal purposes.



Why Choose Chola MS Commercial Vehicle Insurance?
When you choose commercial vehicle insurance cover from Chola MS, you gain:

Double benefits with a single policy: This comprehensive commercial vehicle insurance policy offers both "Third Party Cover" and "Own Damage Cover"
Discount on premium: Enjoy the "no claim bonus" discount for claim-free policy years.

In a one-of-its-kind motor insurance policy, Chola MS introduced Commercial Vehicle Insurance to protect vehicles that are not used for personal requirements. It particularly covers any damage or loss that your vehicle might incur due to a strike, earthquake, riots, burglary or any such disasters. The right insurance policy can keep you and your vehicle protected against any unfortunate incident.

What is Commercial Vehicle Insurance?
Chola MS Commercial Vehicle Insurance covers your commercial vehicle against unfortunate damages caused due to riots and strikes, attempts of burglary, hailstorm, cyclone and other disasters. Apart from that, it also protects you against any losses caused by your vehicle to a third party, which may result in their bodily injury or death. Thirdly, it also provides Compulsory Personal Accident Cover (CPA) for the registered vehicle owner by providing financial support upto Rs. 15 lakh, in case of the accidental death or disability of the insured.

What does your commercial vehicle insurance policy give you?
What it covers

Chola MS Commercial Vehicle Insurance protects your vehicle against:

Third Party Personal Liability with unlimited coverage. The amount awarded by the court as your liability to a third party due to accidental death or injuries caused by your vehicle will be compensated for under the vehicle insurance policy.

Third Party Property Damage with a maximum cover of INR 7,50,000 in case of private cars.

Own Damage Cover protects against damage or loss due to:

Fire, lightning, self-ignition or explosion

Burglary, theft or housebreaking

Strike or riot

Earthquake (shock damage and fire)

Flood, inundation, storm, tempest, typhoon, hurricane, Cyclone and Hailstorm

Accidental external means

What it does not cover

Chola MS Commercial Vehicle Cover does not include the following:

Accidental damage or loss while driving under the influence of intoxicating liquor or drug

Accidental damage or loss due to willful negligence

Loss or liability while the vehicle is being used outside the scope of limitations of use and/or being driven by a person not duly licensed
Consequential loss, wear & tear, depreciation, mechanical & electrical

breakdown / failure of breakages

Loss due to radioactivity or nuclear weapons

Loss arising out of war and related activities

Add On Covers for Commercial Vehicle Insurance

Add-on covers available for goods-carrying vehicles