Categories: General Insurance

Commercial Vehicle Insurance

Rate this post

Commercial Vehicle Insurance is a type of motor insurance policy to cover damages and losses produced to or by a commercial vehicle and the particular owner-driver. This could involve damages and losses in situations such as accidents, collisions, natural calamities, fires, etc. All businesses need to buy industrial vehicle insurance for their vehicles, such as auto-rickshaws, cabs, school buses, tractors, commercial vans, and trucks.

General Insurance | Motor Insurance | Private Car Motor Insurance Policy

Types of Commercial Vehicle Insurance

There are two types of commercial vehicle insurance.

  1. Comprehensive Commercial Vehicle Insurance
  2. Third-party liability Commercial Vehicle Insurance

Why do you need a Commercial Vehicle Insurance?

  1. Suppose your business owns one or many vehicles. During the case, it’s crucial to get commercial vehicle insurance that will financially guard and cover your business from any losses and injuries caused to and by your car (s) and the people doing it.
  2. If your primary business includes applying vehicles, before-mentioned as a regular cab service or a private school bus, commercial vehicle insurance will assure your stakeholders and passengers that they’ll always be guarded and covered.
  3. Essentially a mandate by law, it is compulsory to have a Liability Only policy in place that guards third parties against any damages and losses that your commercial transportation could cause.

Commercial Vehicle Insurance Cover

  1. Accidents
  2. Theft
  3. Fire
  4. Natural Disaster
  5. Personal Accident
  6. Third-Party Damages
  7. Towing damage Vehicle

HDFCergo | Shriramgi | IFFcotokio

Commercial Vehicle Insurance Claim Process

Claim commercial vehicle insurance can be a clear advantage with the right path. To make the claimed amount refunded without a hassle, it is crucial that you immediately notify your commercial transportation insurance provider regarding the damage. Commercial Vehicle insurance providers allow claim forms online as well. It is essential to cross-check commercial transport insurance details.

  1. Policy number for reference
  2. Time and date of loss
  3. the location where the incident took place
  4. A brief description of the incident
  5. Name & Contact number of the person filing the claim

Documents Required

Here this selection the claim commercial passenger vehicle insurance or goods carrying transport insurance. you will need to provide the following document.

Registration certificate of the vehicle

  • Driving License (real copy)
  • Claim form duly signed and filled
  • Copy of FIR
  • Tax paid receipt
  • Copy of Aadhar Card
  • Fitness certificate
  • Original insurance policy papers

Commercial Vehicle Insurance Policy Renew Process

Below are mentioned the commercial wheels insurance plan can be renewed online as well as offline mode.

Step-1: Visit the official website of your insurance provider.

Step-2: Go to the policy renewal option.

Step-3: Enter the required details, such as the policy number

Step-4: Submit the details

Step-5: Pay the premium amount online

Best of Luck…!!!

junkieinsurance

Share
Published by
junkieinsurance

Recent Posts

Pradhan Mantri Suraksha Bima Yojana

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an insurance scheme launched by the Government… Read More

2 years ago

West Bengal Health Scheme

This scheme is also known as WBHS. Through this scheme, policy holder can avail cashless… Read More

3 years ago

janshree bima yojana

janshree bima yojana (JBY) is a special life insurance scheme ,which was started by JBBY… Read More

3 years ago

How Is Your Car Insurance Premium Calculated?

Well it’s about time that changed, don’t you think? Read on to know the components… Read More

3 years ago

TATA AIG Car Insurance

Car insurance or four wheeler insurance is an agreement between a car owner and the… Read More

3 years ago

Zero Depreciation Car Insurance Cover

Imagine you’re driving your car and you accidentally hit another. You’re okay but your car… Read More

3 years ago