Probus Insurance provides customers with best options for Commercial Vehicles

Probus Insurance provides customers with best options for Commercial Vehicles

One of the most reliable and efficient online Insurance Broker Probus Insurance has moved one step ahead in enhancing the customer experience with its finest commercial insurance policy. The plan comes with optimum premiums and heavy discounts and benefits for your vehicles. Ranging from a single van or array of commercial vehicles, these plans provide aid to hedge against unwanted risks or losses.

The plans cover the commercial vehicles against various external damages along with personal and third-party liabilities. Moreover, it also offers cover for any legal liabilities following death, injury or property damage of third parties. Probus ensures that their customers are stress-free and focus on their work while they will take charge of the protection of their vehicles.

Moreover, it covers maximum regions under PAN India through its online portal. The user can now compare with the various quotes (through its website and app) and find the best which suits their requirement.

What makes Probus Insurance unique amongst the other insurance providers it that Probus not only provides online services but also extends its finest service through offline medium i.e. if someone is finding any difficulty he or she can contact the company and get their queries resolved within minutes.

Nowadays, most people rely on the alarm to wake them up in the morning or keep reminders for the meetings to attend. Similarly, Probus Insurance ensures that no customer lags in renewing their policy on time and makes sure that they get the perks of on-time renewal. And thereby Probus provides a renewal notice to their customer via email.

When it comes to saving cost, Probus ensures that you travel the extra miles in peace by opting for this insurance policy which comes in the lowest cost ever (which includes about 50 to 60 % discount).

Probus Insurance has tie-ups with the most renowned companies such as HDFC ERGO, Digit and Bajaj and provides the best of coverage at the optimal prices.

Probus Insurance is an Insurance Regulatory and Development Authority (IRDA)-licensed insurance broker and has helped over numerous visitors to search and compare plans from various partners in commercial vehicle insurance.

Buy / Renew Commercial Vehicle Insurance online – Probus Insurance

Commercial Vehicle Insurance

About Commercial Vehicle Insurance Online

Owning a commercial vehicle one needs to have commercial insurance. A comprehensive insurance policy for your vehicle will ensure to keep your vehicle and your business protected from any damages that may incur from accidents or road mishaps.

There are two types of insurance policies

• Third-Party Commercial Online Insurance Policy: This policy keeps the commercial vehicle owner safe from legal liabilities that might occur from a third party property or bodily injuries or death.

• Comprehensive Commercial vehicle Insurance policy online provides the vehicle owner much more protection than the Third Party

Is Vehicle Insurance Required in India for Commercial Vehicles?

Commercial Insurance policy online ensures complete protection to your commercial vehicle. In the event your commercial vehicle is involved in an accident and don’t own commercial insurance policy, you will need to bear all the expenses, hence compare and buy a commercial insurance policy online or you need to ensure to renew your insurance policy online even before it expires. Thus this will give the owner safe from any dangers that might incur to his commercial vehicle.

Comprehensive commercial insurance will shield you from financial expenses whereas the Third Party commercial Insurance will only protect from property damage to the third party and legal liabilities.

Therefore owning a commercial vehicle insurance policy is an important aspect to all commercial vehicle owners.

Benefits of Commercial Vehicle Insurance Online

Many Commercial Vehicle Insurance companies provide insurance to a commercial vehicle. The coverage required for your Commercial vehicle can be tailored online as required by the commercial vehicle owner. A comprehensive insurance policy offers the following coverage for your vehicle:

A comprehensive commercial vehicle insurance online policy offers the following benefit
a. Protection against damages to an insured vehicle.
b. Protects from Natural disasters like fire, flood, explosion, theft, etc.

The Third Party commercial Vehicle insurance online policy offers the following benefits to the commercial vehicle owner.
a. Damages that incur to the third party property
b. Protect you from legal liabilities
c. Covers you from physical injuries or death to the third party.

Personal accident coverage is also a part and available with commercial Insurance policies online. In the event of accidental death or permanent disability of the owner or driver of the commercial vehicle, the personal accident coverage assures coverage to the vehicle owner.

Many Commercial vehicle insurance companies offer towing coverage as an add-on facility to commercial vehicle insurance online policy.

The coverages provided by the Comprehensive vehicle insurance policies online varies between the commercial vehicle insurance company to the other, thus one needs to compare the best commercial insurance required for the vehicle.

Let us understand the few benefits of Commercial vehicle Insurance online Policy:

• Abiding by the Motor vehicle act of 1988 becomes a compulsion thus you need to compare and buy a commercial vehicle insurance policy for your vehicle as with ownership of the policy you will be safe from legal hassles.

• Commercial vehicle Insurance covers legal liabilities caused to the third party or property.

• Commercial vehicle insurance policy covers liabilities like bodily injuries or death in the accident of mishap.

• A commercial vehicle insurance plan offers monetary aid in the event of any mishap or accident. Thus elimination all financial setbacks.

• Considering all businesses, the risk of commercial vehicles is much higher than a normal vehicle, as any goods carrying vehicle can undergo huge financial losses due to the theft of the vehicle or any kind of mishap. To be at peace commercial vehicle insurance policy is a must.

• You need to be protected from any incident that might occur in your business, hence keep your vehicle insured at all times.

• Most of the vehicle is purchased under bank loans and thus if the vehicle is lost or robbed the insurance will take care to pay the bank for the losses.

Insured Declared Value (IDV): is the value of the commercial vehicle which is derived based on the current market value. The premium of the vehicle is derived based on the IDV which is the market value of the vehicle.

Such IDV is calculated based on the manufacturer listed price less than the depreciation of the commercial vehicle. You need to be smart enough to compare and get the best commercial vehicle insurance policy online and be worry-free and secure yourself from any incidents that might occur.

Who Should Buy Commercial Vehicle Insurance?

A business owner who has a commercial vehicle like cars, trucks, vans and other vehicles in the course of carrying out its business.

There are two types of commercial vehicles.
1. Passengers carrying vehicle
2. Goods carrying vehicle

Simple Guide to Buying Commercial Vehicle Insurance

Paying just a premium for your commercial vehicle is not enough however you must understand the legal requirements of the vehicle. Comparing the best coverage providing insurance policy is a must that will set you off all the financial setbacks and legal liabilities incurring to third party property.

Being an owner of a vehicle one can opt between an online portal or an agent to get a commercial auto insurance policy for your vehicle. Comparing the insurance policy online is more convenient and is easy, thus saving time and energy at the same time-saving money.

To understand better let us read the following pointers for better understanding.

• Get multiple quotes for your commercial vehicle as various companies provided commercial auto insurance policies

• When you have multiple quotes it plays a contributory role in getting the best commercial vehicle insurance policy.

• Insurance providers do offer you an online calculator to get a quote and compare the best available policy for your commercial vehicle.

• The calculators provided by the aggregators and especially design to calculate the commercial vehicle premium.

• Comparing to additional benefits or add-ons to your vehicle the premium is likely to be higher to give you complete protections rather than normal commercial auto insurance.

• All commercial insurance policies vary in coverages and benefits hence the commercial vehicle owner is aided by the quotes received from various insurance providers.

• Commercial vehicle insurance calculates its premium based on 3 factors
1. Third-party insurance coverage
2. Own Vehicle damages
3. Personal accident coverage.

• Third party insurance coverage is mandatory where is the own vehicle and personal accident coverage is optional.

Hence the online calculator will help or aid any commercial vehicle owner in decided the best commercial auto insurance policy.

 

Lack of knowledge in buying a commercial vehicle insurance policy online can be an issue as one must understand the policy coverage even before you renew to buy your insurance. Researching online with the tools available can even lend you getting the wrong policy.

How to File a Commercial Vehicle Insurance Claim?

Most of the commercial vehicle insurance companies have a cashless process while the others do reimburse the claims.

In a cashless process – the insurance provider will transfer the vehicle to the specified garage and get the work done in the due course of time. It will also provide a cashless medical treatment subject to the hospital that is tied up with the insurance company.

In a non-cashless process – In the event, the cashless process is inevitable by the insurance provider, the goods carrying vehicle owner will need to carry out the needful repairs and later file a reimbursement with the insurance provider. In this manner, you need to submit all original bills and payment receipt of the repair work carried on the vehicle to smoothen the reimbursement process.

Documents for the claim process

No claim process goes paperless, you will need to submit minimum documents to complete your claim process.

• Duly signed and filed a claim form
• RC of the goods carrying a vehicle with a photocopy.
• Driver’s license of the driver while driving during the time of the accident.
• FIR copy in the event of third party death or injury or property damage.
• Fitness certificate

Inclusions and Exclusions of Commercial Vehicle Insurance Inclusions:

Inclusions

• The insurer is liable to pay compensation to the third party damages, property and legal liabilities.
• Damages caused to the insured vehicle is covered under this policy.
• Few policy do provide personal accident cover, if not covered you need to opt for one.
• Natural calamities are covered.
• Man Made calamities like landslide, storms, floods etc.
• Total loss or damage to the vehicle

There are some Exclusion made in the claim process

• Overall wear and tear is not a part of the claim
• Technical break down.
• Damages under the influence of alcohol.
• Damages caused due to the overloading of the passenger-carrying vehicle.
• Damages that may be caused due to war, radiation, etc.
• Damages caused due to violation of the traffic rules.
• passenger-carrying vehicle driven by an unauthorized person who does not hold a valid license

Compare Commercial Vehicle Insurance

Purchasing commercial vehicle insurance is very easy as there are many agents or online portals that provide insurance on a go. But be smart enough before proceeding to compare various options provided by different companies.

There may be irresistible offers that one might get to opt for commercial auto Insurance policies but you need to ensure the coverage required by you, meets to the satisfaction and you are fully covered whether cheap or expensive. 

Always look for different options provided by the insurance provider while comparing your commercial insurance. The coverage is the main concern and reads the fine print for additional transparency on your commercial auto insurance policy.

Comparing any vehicle policy online is the best and cheapest option one has today. Simple research online is imperative to give am understanding of the best possible coverage of your need to drive a commercial vehicle.

Commercial Vehicle Insurance Premium Calculator: Get Commercial Vehicle Insurance Quotes Online

Commercial vehicle insurance is mandatory and hence all commercial vehicles need to insure their vehicles. Commercial Vehicle Insurance Premium Calculator helps all commercial vehicle owners to make it simpler to purchase the insurance.

 

The purchase of the insurance policy for your commercial vehicle should be to the optimum protection of the vehicle and hence commercial vehicle insurance premium calculator comes in handy to take the right decision

Benefits Vehicle Insurance Premium Calculator

• Commercial Vehicle Insurance Premium Calculator is very helpful in buying the right policy for your commercial vehicle.

• Commercial Vehicle Insurance Premium Calculator helps you to get the premium amount required at the same time it helps you to understand the details in the commercial vehicle insurance policy. In the event you have opted for higher coverage and benefits to your vehicle Commercial Vehicle Insurance Premium Calculator will help you derive a calculative premium.

• Commercial Vehicle Insurance Premium Calculator helps every customer to evaluate the types of policy and coverages provided.

• Commercial Vehicle Insurance Premium Calculator does not only calculate the premium amount but also the ratio of settlement plan by the insurer.

To make it simpler one must read to the fine prints given in the policy documents to understand the coverage you will get for your vehicle. Thus fully relying on the gizmo or online tools without understanding your policy may lead to trouble. Ensure that all the clauses of the policy documents are read in detail before purchasing a commercial auto insurance policy online.

 

The information provided by you will decide the premium of your commercial vehicle. The main information required when calculating the commercial auto policy online is the make and model of the vehicle, date of registration and price of the commercial vehicle you wish to insure. Any additional coverages must be also classified while purchasing insurance.

Commercial Vehicle Insurance FAQs?

Most frequent questions and answers about commercial vehicle insurance FAQs

1. How much does it cost to insure a commercial vehicle?

Commercial auto insurance has now become a necessity due to the high rate of accidents as well as thefts. To attend the best possible coverage and policy online, customers must research through an online portal and compare the different plans. Based on the coverage required the cost of the insuring your commercial vehicle will vary.

2. What is commercial vehicle insurance?

Comprehensive insurance policy delivers security to the commercial vehicle owned by you, due to any impact damage, fire, theft, earthquake, etc. In addition to this, it offers cover against any third party liability in terms of death, bodily injury and third party property damage.

3. Is commercial auto insurance more expensive?

Commercial auto insurance cost differs broadly restrictive on several factors, including the number and types of vehicles your business uses. Policies for one vehicle classically cost less than policies for a navy of trucks.

4. What are the 1st 2nd and 3rd party insurance?

1st Party Insurance covers you or your property. In the case of Auto Insurance, first-party coverage pays to repair your vehicle when damaged in an accident or replace it in case of loss by theft or fire.

2nd party Liability claims carried by persons supposedly wounded or harmed by the insured. The insured here is the first party, the insurance provider is the second party, and the applicant is the third party.

3rd Party Insurance
Third-Party Insurance as also known to be Liability Insurance. This provides coverage to the third party who might be injured due to an accident or mishaps. This insurance provided safety to the rider from legalities that might incur during an accident. Therefore, it is called the liability claim as someone else is answerable for injuries suffered by the third party.

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Passenger Carrying Vehicle Insurance

About Passenger Carrying Vehicle Insurance Online

Owning a Passenger carrying vehicle is just not enough. You need to own a Passenger carrying vehicle insurance policy online. You may be an owner of a commercial vehicle but do you have insurance to fall back on?

 

A comprehensive passenger-carrying insurance policy online protects your vehicle at the same time protects your business ensuring smoothness to your business. Your commercial vehicle remains protected from damages or road mishap.

 

Under the passenger-carrying insurance policy online, you need not worry about the stress that may come at the future juncture, if you have a valid policy.

 

A third Party passenger-carrying insurance policy online delivers shield from lawful obligations to the third party or its property, this includes bodily injuries or death.

 

A comprehensive passenger-carrying insurance policy online furthermore offers a shield from the theft of your insured vehicle.

Is Vehicle Insurance Required in India for Passenger Carrying Vehicles?

All passenger-carrying vehicles are presented through a comprehensive guard to the vehicle. The mere fact of the Vehicle Act 1988 came into existence was due to the exhaustive evolution of vehicle on the road, thus ensuing in coincidences or disasters. 

 

In order, one needs to own a third party insurance or liability insurance for the passenger-carrying vehicles.

 

All passengers carrying vehicles do require an insurance policy.

 

One must question myself what if my commercial vehicle meets with an accident? Can I pay off the repair cost without a valid insurance policy? What will happen to the legal liabilities that will crop up? The answer to this is to own insurance policy for your passenger-carrying vehicle which will take care of the above.

 

Owning a comprehensive passenger carrying vehicle insurance policy, you will safeguard all fiscal indemnities and at the same time protect you from legal liabilities ascending from the third party. Whereas the Third Party commercial vehicle insurance policy online will safeguard yours from assets damages, bodily injuries or death of the third party.

Benefits of Passenger Carrying Vehicle Insurance Online

• If you own a passenger carrying vehicle is just not enough, you need to look into the safety of the vehicle thus own a passenger carrying vehicle insurance and save yourself from law and order.

• Passenger carrying insurance covers legal liabilities, bodily injuries, and death to the third party.

• Passenger Carrying Vehicle Insurance Online compromises monetary payment in the event of luckless accident or mishap with a comprehensive policy thus abolishing the concern of monetary setbacks.

• Passenger carrying vehicles are vulnerable to different scenarios in these days. Passenger carrying vehicles can be involved in an accident or be stolen. Thus capitalizing passenger Carrying Vehicle Insurance Online will protect you from huge financial losses. Purchasing the right or renewing your insurance to avail the benefits of your policy.

• In the event the vehicle is recommended by the bank under EMI payments and being unfortunate your vehicle is stolen or is completely damaged then, insurance emanates to pay off the loan amount.

Who Should Buy Passenger Carrying Vehicle Insurance?

In India, almost all kind of passenger-carrying vehicles which transport people from one destination to another must be covered under Passenger carrying vehicle insurance policy.

 

List of Passenger Carrying Vehicles

1. Taxi
2. Auto rickshaw
3. School Bus
4. Bus
5. Mini-Van
6. OLA
7. UBER

Simple Guide to Buying Passenger Carrying Vehicle Insurance

1. Third-party passenger carrying vehicle insurance policy:
Also known as a liability-only policy. Passenger Carrying Vehicle Insurance offers covers alongside any legalities or liability that may sustain to the property of the third party.

2. Comprehensive Insurance Policy: Just above liability insurance is the comprehensive passenger carrying vehicle insurance. This insurance offers coverage against any loss or damage to the passenger-carrying vehicle. With this comprehensive policy, your vehicle is covered for
a. Third-Party Liability – which covers legal liabilities, damages to third party property, bodily injuries or death.
b. Own Damage – this constitutes the damage or loss caused to your vehicle under natural calamities like fire, flood, landslide, etc.

3. Add-on covers – add on the cover adds additional concealment and shield to the goods carrying vehicle. Such add-ons can be modified to one’s prerequisite however you got to pay a higher premium.

Some tips while buying Passenger carrying Vehicle Insurance online.

When opting to purchase a passenger vehicle insurance premium policy online these tips will come handy.

• Before buying it is wise to compare the right insurance required for your vehicle. Be ascertain that you have picked the right policy.
• As buying online policy saves time with just a few clicks, be certain that you have carefully read through the terms and conditions of the policy.
• Pick the insurer wisely always conduct a little research on the insurance provider.
• Please ensure that you get coverage for all to add 0ns to the vehicle

How to File a Passenger Carrying Vehicle Insurance Claim?

Some of the passengers carrying insurance companies have a cashless process while the others do reimburse the claims.

 

In a cashless process – the insurance provider may opt to move the passenger vehicle to the specified garage and get the work done in the due course of time. It will also provide a cashless medical treatment subject to the hospital that is tied up with the insurance company.

 

In a non-cashless process – In the event the cashless process is unavoidable by the insurance provider, the passenger-carrying vehicle owner will need to carry out the requiring maintenances, repair works and later file a recompense with the insurance provider. To get reimbursement of the repair cost one needs to submit all original bills and payment receipt of the repair work carried on the vehicle to smoothen the reimbursement process.

Documents for the claim process

No claim process goes paperless, you will need to submit minimum documents to complete your claim process.

• Duly signed and filed a claim form
• RC of the passenger-carrying vehicle with a photocopy.
• Driver’s license of the driver while driving during the time of the accident.
• FIR copy in the event of third party death or injury or property damage.
• Fitness certificate

Inclusions and Exclusions of Passenger Carrying Vehicle Insurance

Some of the Inclusions

• Running your vehicle accidentally over someone and that causes injury. In this case, your insurer is responsible for compensating to the injured person.
• Third party property
• Own car damage
• Personal accident cover
• Natural calamities
• Stolen car
• Man-made hazards

 

There are some exclusions

• General wear and tear is not a part of the claim
• Technical break down.
• Damages under the influence of alcohol.
• Damages caused due to the overloading of the passenger-carrying vehicle.
• Damages that may be caused due to war, radiation, etc.
• Damages caused due to violation of the traffic rules.
• passenger-carrying vehicle driven by an unauthorized person who does not hold a valid license

Compare Passenger Carrying Vehicle Insurance

There are many passengers carrying vehicle insurance policy providers who provide insurance for commercial vehicles. You can tailor-make your policy as required however a comprehensive passenger carrying vehicle insurance offers the following coverage.


• A comprehensive passenger-carrying insurance policy bids coverage in contradiction of damages to the insured commercial vehicle due to natural disaster or man-made disasters.

• The third-party coverage of passenger carrying vehicles offers coverage against damages to the third party property or bodily injuries or death of the third party.

• Personal accident coverage with a commercial vehicle has been made available.

• Many insurance companies do offer the advantage of towing which may be caused due to mechanical catastrophe. However, towing is part of a comprehensive commercial vehicle insurance policy.

Be smart to know what policy to buy as the passenger-carrying vehicle insurance policy contrasts from business to business.

Passenger Carrying Vehicle Insurance Premium Calculator: Get Passenger Carrying Vehicle Insurance Quotes Online

With many of the passenger-carrying vehicle insurance policies, you are bound to be confused about choosing the right option of a premium that will suit your passenger carry vehicle. That where your Passenger Carrying Vehicle Insurance Premium Calculator comes into your rescue. Some of the benefits of Passenger Carrying Vehicle Insurance Premium Calculator

 

• As the owner of the passenger-carrying vehicle, you are aware of the multiple options available in the market.

• This tool will help you to be well informed as to which policy you should buy.

• You save on time as the calculations are done by just a click.

• The Passenger Carrying Vehicle Insurance Premium Calculator is reliable and hassle-free that suits your needs.

• Be ready with the relevant documents before you make use of this tool.

• Passenger Carrying Vehicle Insurance Premium Calculator helps in getting the lowest premium as it saves the cost of paying the agent.

• Passenger Carrying Vehicle Insurance Premium Calculator highlights various factors apart from price which is used in the calculation of passenger carrying vehicle premium.

• It is easy and fast to use.

Passenger Carrying Vehicle Insurance FAQs

Most frequent questions and answers about Passenger Carrying Vehicle Insurance FAQs

1. How much does it cost to insure a Rickshaw?

Based on the requirement of your three-wheeler, we principally propose two policies. Subsequently, bearing in mind the jeopardy and common use of any commercial vehicle, it’s endorsed to take a Standard Package Policy that will economically guard your rickshaw and the owner-driver as well.

2. How do I insure my OLA Taxi?

There are various options specific to the taxi which you should consider to include if you are a commercial cab owner. Public liability insurance – this will protect you in the event the passenger suffers from an injury or has come across with property damage while in the cab and providing compensation against claims and legal liabilities.

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Goods Carrying Vehicle Insurance

An Introduction to goods carrying vehicle Insurance online:

You may be an owner of a commercial vehicle but do you have insurance to back your vehicle. A comprehensive vehicle insurance policy online protects your vehicle at the same time protects your business thus giving your business a smooth flow. Your commercial vehicle remains protected from damages or road mishap.

 

Under the goods carrying vehicle insurance if you have a valid policy, you need not worry about the stress that may come at the later stage. Maybe you have a change of driver, well you are still protected.

 

A third party commercial insurance online policy protects from legal liabilities to the third party or its property, this can also include bodily injuries or death.

A comprehensive commercial insurance policy furthermore protects from the theft of your insured vehicle.

Is Vehicle Insurance Required in India for Goods Carrying Vehicles?

All goods carrying vehicles are offered with comprehensive protection to the vehicle. The mere fact the Vehicle Act 1988 came into picture due to the intensive growth of vehicles on the road, thus resulting in accidents or mishaps. 

 

As a mandate, the third party insurance or liability insurance is required by all goods carrying vehicles in India.

 

All goods carrying vehicles do require an insurance policy. What happens in the event of you come across an accident? Who will pay off the cost of repairs? Well if you own a valid insurance policy than the insurance policy will take care of the repairs.

 

Owning a comprehensive commercial vehicle insurance policy, you will shield all financial damages and at the same time protect you from legal liabilities arising from the third parties. Whereas the Third Party commercial vehicle insurance policy online will safeguard yours from property damages, bodily injuries or death of the third party.

Benefits of Goods Carrying Vehicle Insurance Online

​• As said earlier owning goods carrying vehicle is not just enough, but owning goods carrying vehicle insurance online is a mandate to meet the rule of RTO.

• Goods carrying insurance covers legal liabilities, bodily injuries, and death to the third party.

• Goods Carrying Vehicle Insurance Online offers monetary compensation in the event of unfortunate accidents or mishaps with a comprehensive policy thus eliminating the worry of financial setbacks.

• Goods carrying vehicles are susceptible to different scenarios in these days. Your goods carrying vehicles can be involved in an accident or be stolen. Thus investing in Goods Carrying Vehicle Insurance Online will protect you from huge financial losses. However, keep buying or renewing your insurance to avail the benefits of your policy.

• In the event, the vehicle is endorsed by the bank for paying EMIs and the vehicle gets stolen or is completely damaged then, insurance comes in handy to pay off the loan amount.

Who Should Buy Goods Carrying Vehicle Insurance?

In India, almost all kind of goods carrying vehicles which carry commercial activity, to transport goods, must be covered under Goods carrying vehicle insurance policy.

 

List of Goods Carrying Vehicles

1. Tempo
2. Truck/Lorry
3. Water Tanker
4. Tipper
5. Pick-up Van

Simple Guide to Buying Goods Carrying Vehicle Insurance

1. Third-party goods carrying vehicle insurance policy:
Also known as a liability-only policy. This Goods Carrying Vehicle Insurance provides covers against any liability that may incur the property of the third party.

2. Comprehensive Insurance Policy:
Just above liability insurance are the comprehensive goods carrying vehicle insurance. This insurance provides coverage against any loss or damage to the goods carrying vehicle. With this comprehensive policy, your vehicle is covered for :
a. Third-Party Liability – which covers legal liabilities, damages to third party property, bodily injuries or death.
b. Own Damage – this constitutes the damage or loss caused to your vehicle under natural calamities like fire, flood, landslide, etc.

3. Add-on covers – add on the cover adds extra cover and protection to the goods carrying vehicle. Such add-ons can be customized to one’s requirement however will result in extra premium.

How to File a Goods Carrying Vehicle Insurance Claim?

Some of the goods carrying insurance companies have a cashless process while the others do reimburse the claims.

In a cashless process – the insurance provider will move the vehicle to the specified garage and get the work done in the due course of time. It will also provide a cashless medical treatment subject to the hospital that is tied up with the insurance company.

In a non-cashless process – In the event, the cashless process is inevitable by the insurance provider, the goods carrying vehicle owner will need to carry out the needful repairs and later file a reimbursement with the insurance provider. In this manner, you need to submit all original bills and payment receipt of the repair work carried on the vehicle to smoothen the reimbursement process.

Documents for the claim process

No claim process goes paperless, you will need to submit minimum documents to complete your claim process.

• Duly signed and filed a claim form
• RC of the goods carrying a vehicle with a photocopy.
• Driver’s license of the driver while driving during the time of the accident.
• FIR copy in the event of third party death or injury or property damage.
• Fitness certificate

Inclusions and Exclusions of Goods Carrying Vehicle Insurance

Some of the Inclusions

• Running your vehicle accidentally over someone and that causes injury. In this case, your insurer is responsible for compensating to the injured person.
• Third party property
• Own car damage
• Personal accident cover
• Natural calamities
• Stolen car
• Man-made hazards

 

There are some exclusions

• General wear and tear is not a part of the claim
• Technical break down.
• Damages under the influence of alcohol.
• Damages caused due to the overloading of the goods carrying vehicle.
• Damages that may be caused due to war, radiation, etc.
• Damages caused due to violation of the traffic rules.
• Goods carrying vehicle driven by an unauthorized person who does not hold a valid license

Compare Goods Carrying Vehicle Insurance:

There are many goods carrying vehicle insurance policy providers who proved insurance for commercial vehicles. You can customize your policy as required however a comprehensive goods carrying vehicle insurance offers the following coverage.

• A comprehensive goods carrying insurance policy offers coverage against damages to the insured commercial vehicle due to natural disaster or man-made disasters.
• The third-party coverage of goods carrying vehicle offers coverage against damages to the third party property or bodily injuries or death of the third party.
• Personal accident coverage with a commercial vehicle has been made available.
• Many insurance companies do provide the benefit of towing which may be caused due to mechanical failure. However, towing is part of a comprehensive commercial vehicle insurance policy.

Be smart to know what policy to buy as the Goods carrying vehicle insurance policy varies from company to company.

Goods Carrying Vehicle Insurance Premium Calculator: Get Goods Carrying Vehicle Insurance Quotes Online

Well, there is a various factor that originates your premium to be paid.

• Insured Declared Value (IDV) of the vehicle.
• The model and type of commercial vehicle.
• Age of the vehicle.
• Location and registration of the vehicle.
• Fuel type of vehicle.

Buying goods carrying vehicle insurance policy online is not just a legal requirement or do not buy insurance for your goods carrying vehicle coz it is mandatory. The above-listed benefits explain the requirement of the policy.

 

Good carrying insurance policy has its benefits that protect yours from financial setbacks and another aspect of the accident. Opt for a comprehensive good carrying insurance policy.

 

The purchase of the insurance policy for your commercial vehicle should be to the optimum protection of the vehicle and hence commercial vehicle insurance premium calculator comes in handy to take the right decision.

Benefits Vehicle Insurance Premium Calculator

​• Goods carrying Vehicle Insurance Premium Calculator is very helpful in buying the right policy for your commercial vehicle.

• Goods carrying Vehicle Insurance Premium Calculator helps you to get the premium amount required at the same time it helps you to understand the details in the commercial vehicle insurance policy.

• In the event you have opted for higher coverage and benefits to your vehicle Commercial Vehicle Insurance Premium Calculator will help you derive a calculative premium.

• Goods carrying Vehicle Insurance Premium Calculator helps every customer to evaluate the types of policy and coverages provided.

• Goods carrying Vehicle Insurance Premium Calculator does not only calculate the premium amount but also the ratio of settlement plan by the insurer.

Making it meeker one must read to the fine prints given in the policy documents to comprehend the coverage you will get for your vehicle. Thus fully relying on the gadgets or online tools without understanding your policy may lead to trouble. Ensure that all the clauses of the policy documents are read in detail before purchasing a commercial auto insurance policy online.

 

The information provided by you will decide the premium of your commercial vehicle. The main information required when calculating the commercial auto policy online is the make and model of the vehicle, date of registration and price of the commercial vehicle you wish to insure. Any additional coverages must be also classified while purchasing insurance.

Goods Carrying Vehicle Insurance FAQs

Most frequent questions and answers about goods carrying vehicle insurance FAQs

1. How much does it cost to insure a Truck or Lorry?

Trucks and Lorry are often more expensive than normal cars to be insured. Consequently, if a truck has to be replaced due to the connection in an accident, the insurance companies often have to pay out more than they would payout for a car. Mishaps are just the motive of why insurance companies typically charge extra to ensure this type of vehicle.

2. How do I insure my Milk, Carrying Van?

Unlike any normal vehicle, you need to buy goods carrying vehicle insurance online after comparing the benefits of the insurance policy.