Motor Goods Carrying Vehicles Insurance is important as it protects the customer against damages that has been caused to their vehicle or a third party in case there is an accident. For many people across the country, goods carrying vehicles may be their main source of income. However, as this profession has its share of risks, for which the person must have protection of some sort. A Motor Goods Carrying Vehicles Insurance plan is essential for the person to ensure that their livelihood is not adversely affected by any untoward accident. These vehicles are used much more extensively than private vehicles and thus, having a good insurance plan is paramount.
Type of Small Commercial Goods vehicles:
Panel van Small Commercial goods vehicle
Double cabin van Small Commercial goods vehicle
Pick-up truck Small Commercial goods vehicle
Drop side van Small Commercial goods vehicle
Tipper van Small Commercial goods vehicle
Chassis Cab Small Commercial goods vehicle
Salient Features of Goods Carrying Vehicle Insurance:
Listed below are some of the key features of goods carrying vehicle insurance:
The policy offers both third-party liability and own-damage cover.
Goods carrying vehicles such as trucks, trailers, Tractor-Trailer etc. can be insured under goods carrying vehicle insurance.
Cashless claim facility to be availed across the country at registered garages
The policy benefits can be enhanced further by opting for various add-on covers.
The insured vehicle is covered for loss or damages sustained during an accident, third-party liability, damages due to man-made disasters such as theft, vandalism etc.
It covers natural calamities causing a threat to the insured vehicles such as flood, storm, earthquake, landslide etc.
No Claim Bonus to be earned for every claim-free year up to a defined percentage based on the policy terms.
Scope of Coverage::
Loss or damage to the car due to natural calamities like fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.
Loss or damage to the car due to man-made causes like burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity.
Any damage while the car is in transit by road, rail, inland waterway, lift, elevator or air
A third party legal liability cover is provided which includes legal protection from death or injury claims from third parties due to damages causing a permanent injury or death of a person and damage caused to the surrounding property including occupants of the vehicle, cost and expenses incurred without the prior consent of the company and personal accident benefits for the proposer, paid driver and the occupants of the vehicle.
Motor Goods Carrying Vehicles Insurance Plan is an ideal plan for those customers looking for a simple yet scalable motor insurance plan provided by a highly responsive and robust private motor insurance company.
Top 3 commercial Goods vehicle companies in India:
Mahindra & Mahindra