Commercial Vehicle Insurance

Commercial Vehicle Insurance

Buy Commercial Vehicle Insurance Online
IFFCO-Tokio's commercial vehicle covers your commercial vehicle against different types of external damages, along with personal and third-party liabilities.

Bodily injury or death caused by the use of the vehicle is covered.
Any damage to the property caused by the use of the vehicle is covered.
Insurance policy can be issued immediately.
Lowest turnaround time in claim settlement.
It covers different types of external damages to the vehicle.
It covers third party liabilities such as bodily injury or damage of the third-party vehicles.
Legal liabilities arising out of death, injury or property damage to the third-party by the insured's vehicle is covered.

What it covers?
Specific business and its assets.
Employees or drivers who have been hired to drive the vehicles.
High risk of operating certain commercial vehicles.

Major Exclusions
Individuals driving without a valid driving license or under the influence of alcohol, drugs, and other intoxicating drinks.

If the accident occurs outside the geographical area covered by the commercial insurance cover for the vehicle.

If the accident is due to a mechanical or electrical breakdown in the vehicle, it will not be covered by the commercial insurance cover.

If the insured vehicle has been used for any unlawful reason, it will not be covered by the commercial insurance cover.

Cancellation
The Company may cancel the policy by sending seven days notice by recorded delivery to the insured at insured's last known address and in such event IFFCO-Tokio will return to the insured the premium paid less the pro-rata portion thereof for the period the policy has been in force or the policy may be cancelled at any time by the insured on seven days notice by recorded delivery on the condition that no claim has arisen during tenure of the policy, the insured shall be entitled to a return of premium at the Company's Short Period rates for the period the Policy has been in force.

In cases where the ownership of the vehicle is transferred, the policy cannot be canceled unless there is concrete evidence that the vehicle is insured with another insurance company.