Commercial Vehicle Insurance - How to Ensure that your Trucks are Protected

Commercial Vehicle Insurance – How to Ensure that your Trucks are Protected

Tata Motors | Nov 15, 2021 8:52 am
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When in the business of transporting commercial goods from one place to another, getting your trucks Insured is of highest priority. Whether carrying raw materials or finished products, these trucks must travel long distances, tread various terrains, face the elements and always ensure successful and timely delivery. Along the way, they are exposed to all kinds of risks, from basic wear-and-tear to natural calamities or accidents. All of these unwanted circumstances involve high spends on repairs and other such matters. With a comprehensive commercial vehicle insurance policy, you can keep your trucks and your wallet protected against any liability.

The advantages of commercial vehicle insurance

With your commercial vehicle protected through insurance, you are securing yourself against financial liability in the case of damage caused by an accident, third party penalty claims, lawsuit coverage and legal fees, towing and repairs. If you have an entire fleet of vehicles, then getting the commercial vehicle insurance will eliminate stress while managing different set of drivers; also, the insurance amount can be negotiated as they are insured for in bulk.

Getting the right coverage

To keep your commercial vehicle under complete protection and get the maximum possible benefit from your policy, be sure to get the right kind of coverage. Check, compare and evaluate rates available and choose what is most suited to your requirements. Today, most commercial vehicle insurance policies can be signed up for online, from the convenience of your home or office.

Calculating commercial vehicle insurance premium

The premium for commercial vehicle insurance is calculated based on certain parameters, such as the declared value of the vehicle, type and model, age, place of registration, fuel consumption, driving history, claim history and owner’s choice of coverage. The base premium is calculated on the make, model and variant of the commercial vehicle. Vehicles that are powerful and expensive attract higher premiums.

Ensure prompt claims processing service

In the logistics industry, time is money, so the quicker your vehicle is back on the road the better it is for you. This is why you need an insurance provider who ensures prompt claims processing, to make it a hassle-free experience in getting your truck and business back on track.

Renewing your commercial vehicle insurance plan

One can renew commercial vehicle insurance policy conveniently, online. Most insurance companies provide a no-claim bonus at renewals, provided the policyholder hasn’t made any claim under the policy. Do check the amount of no claim bonus and renewal IDV (Insured Declared Value) before deciding on your policy cover and company.

You should buy an insurance plan according to the vehicle you drive. For mini trucks like the Tata Ace Gold Diesel Plus and Tata Ace Gold Petrol CX, you can find many affordable plans to protect your asset and secure your savings.

These new variants promise enhanced features that benefit owners and drivers alike. Such as the Tata Ace Gold Diesel Plus, which leverages superior technology for higher mileage, lesser uptime and maximum profitable trips, to bring you superior earnings. While the Tata Ace Gold Petrol CX is available at just Rs.3.99 lakhs, coupled with the low EMI of Rs.7500, making it the most affordable small commercial truck to affordably power your ambitions.

Tata Motors

About the Author

Tata Motors Group (Tata Motors) is a $45 billion organization. It is a leading global automobile manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defense vehicles.

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