Add on covers available for Goods carrying vehicles
Waiver of reduction in depreciation for partial losses
You will be reimbursed cost of parts replaced due to accidental damages in full or reduced percentage of depreciation depending on the cover opted.
Reinstatement Value Basis(RVB) of fixing vehicle sum insured
Your vehicle and the declared accessories are insured on 'REINSTATEMENT VALUE BASIS' which is the original invoice value excluding the registration charges and road tax. This add-on cover will also provide for waiver of reduction in depreciation by 100%.
No Claim Bonus (NCB) protection
You will not lose NCB even if you make one Own Damage(OD) claim in the policy period.
Coverage for road tax and registration charges
You will be eligible for reimbursement of residual amount paid towards road tax and registration charges of the insured vechicle in the event of total loss of any nature.
Coverage of insured cost
If the insured vehicle suffers a Total Loss/Constructive Total loss(CTL), then the insurance cost for the new vehicle will be borne by the company subject to premium paid.
You will be reimbursed the cost of consumables like engine oil, oil filter, nut and bolt, screw, washers, grease, etc, actually consumed and utilized for repairing the accidental damages/losses.
Reimbursement of cost of duplicate key
You are eligible for reimbursement of cost of obtaining duplicate vehicle key of the insured vehicle if originals are lost.
Registration certificate loss cover
You will be paid a fixed amount of Rs. 2,000/- to obtain duplicate registration certificate if original certificate is lost due to any reason.
Cover for permit loss
You will be paid a fixed amount of Rs. 2,000/- to obtain duplicate permit if original permit is lost due to any reason.
The company will reimburse the penalty imposed by your client/customer on your for the delay in the delivery or damage of their goods caused due to accident to insured vehicle.
You will be offered a discount in OD premium for having agreed to a franchise of Rs. 10,000/- for each claim.
Claims in excess of Rs. 10,000/- will be considered in full subject to policy terms.