Driving A Commercial Vehicle? Know Why Having Motor Insurance Is A Must

When you own a business, you already have a lot on your mind, which can be stressful. Purchasing commercial vehicle insurance online or offline protects you from any commercial vehicle perils that may occur. Protect yourself and your company from any additional legalities that can add onto your current liabilities.

There are numerous options available in the market today for commercial vehicle insurance. You can even tailor the plan to your specific needs and requirements.

The following is a list of what is covered by commercial vehicle insurance:

Damage or loss to the insured vehicle caused by the following events:

  • Self-ignition, fire, explosion, or lightning are all possibilities.
  • Riots and strikes
  • Breaking, burglary, and theft
  • Natural disasters include floods, earthquakes, typhoons, storms, and hurricanes.
  • Man-made disasters: Theft and ignition, burglary, housebreaking, and so on. Riots, for example.
  • Any malicious behaviour
  • Terrorist activity of any kind
  • Accidents caused by external factors
  • New vehicle insurance or commercial vehicle insurance renewal, both shall cover you if a mishap in which your insured vehicle damages or causes a loss to a third vehicle party’s resulting in bodily injury or demise to the third party.

In any case, if the owner or the paid driver is involved in an accident that results in accidental demise or permanent disability, they are compensated.

Some companies provide towing assistance for disabled mechanically catapult vehicles as an optional or standard arrangement.

Commercial vehicle insurance exclusions –

Though there are options on the market, only some companies must provide the same features. This differs from one company to another. However, the following items are not covered by commercial vehicle insurance:

  • Any claims resulting from the premium
  • Vehicle deterioration and wear.
  • Mechanical and electrical failure.
  • Deductibles are stated in the policy.
  • Any claim that arises because the vehicle was used outside of the defined geographical location.
  • Any claims that exceed the limitations outlined in the policy schedule.
  • Any claim resulting from ionising radiation that causes loss or damage.
  • Any claim arising from nuclear hazards
  • Any claim resulting from subsequent loss/damage.
  • Under the driver’s clause, any claim made in this situation can be denied if someone other than the insured driver drives the vehicle.

Making a commercial vehicle insurance claim –

If you need to file a claim, keep in mind that you must first report the loss/damage to the vehicle as soon as the injury occurs. To begin, dial the toll-free number and file your claim. In addition, go to the insurance company’s website from which you purchased your commercial vehicle insurance or auto rickshaw insurance and file your claim online.

Any customer service executive shall contact and assist you throughout the claim filing process.

Keep your documents handy because you would be asked for your policy number when filing the claim. You must notify the appropriate parties if the situation necessitates an ambulance or a towing service. You would also be given an estimate.

Commercial vehicle insurance renewal –

If you want to renew your commercial vehicle insurance policy, you can do so by visiting the commercial vehicle insurance online webpage, on the company’s website.

Most insurance companies offer a No Claim Bonus at policy renewals if the policyholder still needs to file a claim under the policy. Before you commit to a policy, double-check the amount of no claim bonus and renewal insured declared value.


 * Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.


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