What are the various commercial vehicle insurances available in India?

Having third-party vehicle insurance has been made compulsory by the government through the mandate of the Motor vehicles act of 1988. Be it a personal or commercial vehicle, every vehicle owner must have this insurance to drive on Indian roads. Numerous motor insurance options are available for commercial vehicles in India, but many people aren’t aware of it. Now you can get your commercial vehicle insurance online without any hassle. This article has listed some commercial vehicle insurances available in India.

What is commercial vehicle insurance?

The vehicles used for commercial and business purposes not registered as personal vehicles come under the category of commercial vehicles. The insurance policy for taxis, autos, trucks, buses, ambulances, multi-utility vehicles, tractors, and other commercial vehicles are termed under the tag of commercial vehicle insurance policies. Now, from the comfort of your home, you can get commercial vehicle insurance online.

Types of commercial vehicle insurance available in India?

Third-party insurance plan

This commercial vehicle insurance covers only the damage, injury and legal liability incurred to the third parties by the insured vehicle. Having this policy is mandatory, else will be subject to legal penalties. This insurance also covers the death of a third-party individual caused by the insured vehicle.

Own-damage coverage insurance plan

The above-mentioned insurance plan is compulsory, and opting for this one is truly optional. However, if you wish to extend the damage coverage for the insured vehicle, you can opt for this own damage coverage commercial vehicle insurance online.

Comprehensive insurance plan

This commercial vehicle insurance policy provides extensive coverage both to the third parties and the insured vehicle. If you want, you can also opt for add-ons like zero depreciation cover, personal accident cover, roadside assistance and many more.

Now with simple steps, you can get your commercial vehicle insurance online. Check it out!

Additional Read:- What is cashless car insurance?

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