Commercial Vehicle Insurance
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What is a Commercial insurance policy?
What is a Commercial Vehicle insurance policy?
Commercial vehicle insurance provides coverage to vehicles used for commercial purposes such as transporting goods to one place to another or carrying passengers. Commercial vehicle insurance covers the losses to insured vehicle in cases such as accidents, fire, theft, riot or natural calamities. It also provides cover against the damages to third party property & covers injuries or death of people involved in an accident with insured vehicle. Buying commercial vehicle insurance is very important to save someone from huge losses at the time of accident and it is also mandatory to have insurance for all vehicles in India as per regulatory guidelines which is why you should always have your vehicle insured at all times.
Why should you buy a Commercial Vehicle insurance online from MyonelifeX
We facilitate easy claim settlement through robust claim support.
Additional Coverages a.k.a Endorsements Available
Sometimes, just a standard coverage isn’t enough to cover for all circumstances. That’s why, we offer optional covers too you can opt for as per your needs, to extend your commercial vehicle’s coverage.
What is covered by MyonelifeX Commercial Vehicle insurance policy?
Learn about your two wheeler insurance policy coverage in one glance.
- Mechanical or electrical breakdown
- Any loss or damage caused outside the geographical area of coverage as mentioned in the policy.
- Usual depreciation of the value of commercial vehicle
- Any losses occurred while drunk driving the vehicle
- Any loss occurred to vehicle while using the vehicle for racing or any illegal purposes
- General wear & tear
What’s not covered?
It is equally important to know what’s not covered in your commercial vehicle insurance policy so that there are no surprises when you make a claim. Here are some such situations: