Miscellaneous Third Party Vehicle Insurance
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Our Proud Partners - Beemawala
Client Testimonials
3 months ago
Great experience with Beemawala . The customer service was top-notch, and the process was smooth and efficient. Highly recommend them for their professionalism and helpfulness!
4 months ago
One of best Policy providers I came across. Highly recommended, superb customer experience, Soft spoken and solutions oriented costumer support . ⭐️⭐️⭐️⭐️⭐️
9 months ago
They guided me through the intricacies of various insurance options, ensuring I fully understood each policy's coverage and benefits. Their transparency and willingness to address all my concerns instilled a sense of trust and confidence in their services.
7 months ago
Good service whenever we call to them they give positive response i have a claim they support and my claim got settled
7 months ago
Brilliant place for all types of insurance. Always connected with every claim settlement.. Hassle free.. Kudos to beemawala..
What is Miscellaneous Third Party Vehicle Insurance ?
Miscellaneous Third Party Vehicle Insurance is a type of insurance policy that provides coverage against the legal liabilities arising from third-party property damage or bodily injury caused by your vehicle. This insurance is mandatory by law for all tractors plying on public roads in India. In case of an accident involving your vehicle, if it causes damage to someone else’s property or injury to a person, the Third Party Insurance will cover the financial compensation that you are legally obligated to pay to the affected third party. This insurance ensures that you meet your legal responsibilities while safeguarding your financial interests.
Coverages of Miscellaneous Third Party Vehicle Insurance
Third-Party Liability Coverage
Covers legal liabilities for bodily injuries or property damage caused to third parties in an accident involving your car.
Factors Determining the Premium of Coverages of Miscellaneous Third Party Vehicle Insurance
HP Of the Vehicle
Higher horsepower generally means the tractor can handle heavier loads, tougher terrain, and more demanding tasks on the farm
Usage of the Vehicle
Vehicle used for personal purposes or business purposes may have different premium rates.
Major Differences Between Own Damage (OD) Cover and Third-Party Liability Cover In Miscellaneous Third Party Vehicle Insurance
| Coverage | Third-Party Liability Cover | Own Damage (OD) Cover |
|---|---|---|
Definition |
Provides coverage for damages to your vehicle due to accidents, theft, natural calamities, fire, and more. |
Covers legal liabilities for damages caused to third-party property, injuries, or death due to your Vehicle’s involvement in an accident. |
Scope of Coverage
|
Protects your own vehicle against a wide range of perils and damages. |
Only covers damages and injuries caused to third parties, not your vehicle. |
Premium Determination
|
Based on factors like Vehicle’s make, model, IDV, and add-ons chosen. |
Regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Premium rates are predefined based on the Vehicle’s engine capacity. |
Coverage Extent |
Comprehensive coverage for your vehicle, including theft, own damage, and accidents. |
Limited to liabilities arising from third-party property damage, injuries, or death. |
Add-ons
|
Various add-ons like zero depreciation, etc., can be availed to enhance the coverage. |
No add-ons are available, as it is a standardized cover as per IRDAI regulations. |
Legal Compliance |
Optional, but highly recommended for complete protection of your vehicle. |
Mandatory by law to drive a vehicle on Indian roads. |
Claim Settlement |
Applicable for damages to your vehicle, subject to policy terms and conditions. |
Covers financial liabilities towards third parties up to the prescribed limits. |
Insurance Premium |
Can significantly impact the premium amount based on the extent of coverage and chosen add-ons. |
Premium rates are fixed as per the IRDAI guidelines and are based on the Vehicle’s engine capacity. |
How to Settle Goods Miscellaneous Third Party Vehicle Insurance Policy Claims?
Inform Authorities
In case of an accident involving third parties, inform the local authorities and police.
Collect Details
Gather information about the accident, such as vehicle numbers, contact details of involved parties, and witnesses.
Notify Insurer
Report the incident to your insurance company as soon as possible. Provide accurate information and documents.
File FIR
If there are injuries or fatalities, file a First Information Report (FIR) at the nearest police station.
Claim Form
Fill out the claim form provided by the insurer. Attach necessary documents, such as policy copy, FIR, driving license, vehicle registration, etc.
Survey Process
The insurer may appoint a surveyor to assess the damage or loss. Cooperate during the survey process.
Document Verification
Ensure all documents are complete and accurate. Any false information may lead to claim rejection.
Claim Settlement
If the claim is approved, the insurer will provide a settlement amount based on policy terms and coverage.
Legal Proceedings
In case of legal actions, the insurer may provide legal assistance.
Exclusions of Miscellaneous Third Party Vehicle Insurance
Consequential Loss
Insurance may not cover losses resulting from a covered event, such as financial losses due to missed business opportunities.
Driving Under Influence
Accidents caused while driving under the influence of alcohol or drugs may be excluded from coverage.
Unauthorized Drivers
If an accident occurs while someone other than the authorized driver is driving the insured vehicle, it may not be covered.
Racing or Adventure Activities
Damages occurring during racing, rallies, or adventure sports are typically excluded.
Intentional Damage
Any damages caused intentionally by the insured or any other person will be excluded from coverage under the Goods vehiclerying Vehicle Insurance policy.
Wear and Tear
Regular wear and tear of the vehicle or mechanical breakdowns are not covered.
Illegal Activities
Accidents caused while using the vehicle for illegal purposes may be excluded.
War or Terrorism
Damages due to war, war-like situations, or acts of terrorism are generally excluded.
Nuclear Damage
Any damages caused by nuclear activity are not covered.
Expired or Lapsed Policy
If the policy is expired or lapsed at the time of the incident, there will be no coverage.
Documents Required for Claim Settlement under Miscellaneous Third Party Vehicle Insurance Policy
Accident Report Form
Duly filled and signed accident report form providing details of the incident.
Police FIR
Copy of the First Information Report (FIR) filed with the police in case of accidents resulting in third-party damage or injury.
Copy of Driving License
A valid copy of the driver’s license of the person driving the insured vehicle at the time of the accident.
Vehicle Registration Certificate
A copy of the vehicle’s registration certificate (RC) to verify ownership.
Policy Document
A copy of the valid Third Party Goods vehiclerying Vehicle Insurance policy.
Proof of Third-Party Injury/Damage
Any evidence or documentation proving the extent of injury or damage caused to the third party.
Third Party Details
Contact information and details of the third party involved in the accident.
Witness Statements
Statements from witnesses present at the scene of the accident.
Medical Reports
In case of bodily injury, medical reports and bills supporting the claim.
Police Investigation Report
In case the police conducted an investigation, a copy of their findings.
Contact Information for Claim Settlement: related to Miscellaneous Third Party Vehicle Insurance Policy
If Policy Obtained through Agent/Broker
Claims are the reason we get a car insurance in the first place! Therefore, ensure the claim process of your desired car insurance is smooth and doesn’t take too long. When you’re in trouble, the last thing you want is, to spend all your time and energy in just filing a claim!
If Policy Obtained Directly from Insurance Company
Claim Settlements are basically getting your compensations done right. Claims being such an important part of a car insurance, check for your desired insurer’s claim settlement ratio so that you’re assured that no matter what, your claims will be settled!
Claim Contact Information for Policy from Beemawala.com
If you have taken the policy from Beemawala.com, please use the following contact details to register your claim.
- Phone: +91-9654259715
- Email: services@beemawala.com
Frequently Asked Questions: Miscellaneous Third Party Vehicle Insurance Policy
Miscellaneous Third Party Vehicle Insurance provides coverage for damages caused by your vehicle to third-party vehicles or properties.
You can apply for this insurance through insurance providers offering coverage for specific miscellaneous vehicles.
Various vehicles like cranes, fire brigades, ambulances, etc., can be covered under this policy.
In case of an accident involving your vehicle, you can file a claim with your insurer to compensate the third-party for damages.
Yes, there is a coverage limit defined in the policy for third-party claims. It varies based on the type of vehicle.
The insurance policy should cover damages caused to multiple third-party vehicles or properties, up to the specified limit.
Generally, personal injury may not be covered under this policy. It mainly covers damages to third-party vehicles and properties.
Yes, you can buy Tractor Third Party Insurance online through insurance company websites or aggregator platforms.
Exclusions may include intentional damages, illegal activities, and damages due to driving under the influence.
Yes, you can purchase Miscellaneous Third Party Vehicle Insurance online through insurance company websites.
Yes, in many cases, having third-party insurance is mandatory by law to ensure protection for third-party vehicles or properties.
Crane Third Party Insurance provides coverage for damages caused by your crane to third-party vehicles or properties.
You can purchase Crane Third Party Insurance from insurance providers offering coverage for cranes.
You can buy Crane Third Party Insurance online through insurance company websites or through insurance agents.
This insurance covers damages caused by your crane to third-party vehicles, properties, or individuals.
Excavator Third Party Insurance covers damages caused by your excavator to third-party vehicles or properties.
You can purchase Excavator Third Party Insurance from insurers providing coverage for excavators.
Excavator Third Party Insurance can be obtained online from insurance companies or through authorized agents.
It covers damages your excavator may cause to third-party vehicles, properties, or people.
Fire Brigade Third Party Insurance covers damages caused by your fire brigade vehicle to third-party vehicles or properties.
You can purchase Fire Brigade Third Party Insurance from insurers offering coverage for fire brigade vehicles.
Fire Brigade Third Party Insurance can be purchased online through insurance company websites or agents.
It covers damages caused by your fire brigade vehicle to third-party vehicles, properties, or individuals.
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