Miscellaneous Vehicle Full Insurance
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
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What is Miscellaneous Vehicle Full Insurance ?
Miscellaneous Vehicle Full Insurance are Certainly, Crane , Fire Brigade , Ambulance , Excavator , Street Sweeper etc . refers to a comprehensive coverage plan that offers protection for various types of vehicles. This insurance encompasses a wide range of vehicles . It provides coverage against diverse risks, including accidents, theft, and damage due to unexpected events like fire. In the unfortunate event of an incident, this insurance ensures that the vehicle owner receives financial support for repairs or replacement.
Coverages of Miscellaneous Vehicle Full Insurance
Own Damage Coverage
Protection against damages to your Vehicle due to accidents, fire, theft, vandalism, or natural calamities.
Third-Party Liability Coverage
Covers legal liabilities for bodily injuries or property damage caused to third parties in an accident involving your Vehicle.
Personal Accident Cover
Compensation for injuries or death to the owner/driver of the insured Vehicle.
Zero Depreciation Cover
Full reimbursement of repair/replacement costs without considering depreciation.
Additional Add-ons OF Miscellaneous Vehicle Full Insurance
Zero Depreciation Cover
Provides full reimbursement for repair/replacement costs without considering depreciation.
IMT COVER
In commercial vehicle insurance, the IMT cover includes protection for various aspects such as glass, headlights, tail lights, bumper, and seat paint.
Vehicle Roll over
Add on – roll-over refers to an incident where a vehicle tips over onto its roof or side, often due to sudden maneuvers, collisions, or other factors
Factors Determining the Premium of Miscellaneous Vehicle Full Insurance
Vehicles Make and Model
The brand, model, and variant of the comemrical vehicles play a significant role in premium calculation. Expensive or high-end trucks may attract higher premiums.
Vehicle Age
Since this policy is designed for Truck , the age of the vehicle is a crucial factor in premium calculation.
Insured Declared Value (IDV)
The IDV represents the commerical vehicle current market value and is a major factor in premium calculation. Higher IDV results in a higher premium.
RTO Number / State
The location where the commerical Vehicles is registered (RTO number or state) affects the premium. Metropolitan cities or certain states may have higher premiums due to increased risks.
Horse Power -HP
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.
Previous Claims History
A history of past claims may affect the premium amount.
Policy Add-ons
The choice of add-ons, like zero depreciation cover etc will impact the total premium cost.
Voluntary Deductibles
Opting for a higher voluntary deductible amount can reduce the premium.
Major Differences Between Own Damage (OD) Cover and Third-Party Liability Cover miscellaneous Vehicle Full Insurance
| Coverage | Own Damage (OD) Cover | Third-Party Liability 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, engine protection, roadside assistance, etc., can be availed to enhance 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 Miscellaneous Vehicle Full Insurance policy Claims?
- - Claim due to an accident -
Inform the Insurer
Notify your insurance company about the accident and damages as soon as possible. Provide all necessary details, such as the policy number, date and time of the incident, location, and a brief description of the accident.
File an FIR
(If applicable), If there is significant damage or third-party involvement, file a First Information Report (FIR) at the nearest police station. This is especially important for theft or major accidents.
Survey and Assessment
The insurance company will appoint a surveyor to assess the extent of damage to your vehicle. Cooperate with the surveyor and provide all relevant documents and evidence related to the accident.
Submit Required Documents
Submit the duly filled claim form along with the required documents, such as a copy of the vehicle’s registration certificate (RC), a valid driving license, the FIR (if applicable), and any other documents requested by the insurer.
Repairs and Inspection
After the assessment, the insurer may arrange for an inspection of the damaged vehicle or direct you to an authorized garage for repairs. Some insurers may offer cashless facilities at network garages.
Claim Settlement
Once the repairs are completed, submit the bills and invoices to the insurance company for reimbursement or settlement as per the policy terms.
Claim Amount
The claim amount will depend on the extent of damage and the terms of your insurance policy, including the deductible and policy coverage.
How to Settle Miscellaneous Vehicle Full Insurance Policy Claims?
- - In case of theft of the vehicle -
File a Police Report
Immediately report the theft to the nearest police station and obtain a First Information Report (FIR) or a Non-Cognizable Report (NCR) as required by the insurer.
Inform the Insurance Company
Contact your insurance company’s customer support or claims helpline as soon as possible and provide them with all the necessary details about the theft incident.
Submit Required Documents
The insurance company will request specific documents, such as the FIR/NCR copy, original policy documents, vehicle registration certificate (RC), claim form, and any other documents as required.
Cooperate with Investigation
The insurer may conduct an investigation to verify the theft incident. Cooperate fully and provide any additional information or documents they may require.
Claim Survey
An authorized surveyor appointed by the insurance company will assess the loss and damages to determine the claim amount
Transfer Vehicle Ownership
In case the stolen vehicle is not recovered, transfer the ownership of the vehicle to the insurance company as per their requirements.
Claim Settlement
Once the surveyor’s report is received, and all necessary documentation is in place, the insurance company will process the claim settlement.
Claim Payout
If the claim is accepted, the insurance company will provide the claim payout amount as per the terms and conditions of the policy.
Exclusions of Miscellaneous Vehicle Full 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.
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 Vehicle Full Insurance
- - IN CASE OF THEFT CLAIM -
First Information Report (FIR)
A copy of the FIR lodged with the police station reporting the theft of the vehicle.
KYC Documents
If applicable, provide a copy of the Goods and Services Tax (GST) registration certificate.
Insured's PAN Vehicled
A copy of the insured’s Permanent Account Number (PAN) Vehicled to verify tax-related information.
Insured's GST Certificate
If applicable, a copy of the insured’s Goods and Services Tax (GST) certificate.
Duly Filled Claim Form
A completed claim form provided by the insurance company, containing all necessary details about the incident.
Policy Document
The original insurance policy document showing the coverage details.
Vehicle Registration Certificate (RC)
A copy of the vehicle’s RC to establish ownership and vehicle details.
Valid Permit Copy
Legal authorization for vehicle operation within defined limits.
Valid Fitness Certificate
Certification of vehicle’s compliance with safety standards.
Driving License
A valid driving license of the insured to verify the authority to drive the vehicle.
Previous Insurance Records
If applicable, documents related to any previous insurance claims or policies.
No Trace Report
If the vehicle is not recovered, a No Trace Report from the police stating that the stolen vehicle could not be located.
NOC from Financier
In the case of a financed vehicle, a No Objection Certificate (NOC) from the financing institution.
Documents Required for Claim Settlement under Miscellaneous Vehicle Full Insurance
- - ACCIDENTAL CLAIM -
Accident Claim Form
A duly filled and signed claim form providing details of the accident, the extent of damages, and injuries (if any).
KYC Documents
Valid Know Your Customer (KYC) documents of the insured, such as Aadhar Vehicled, Passport, Voter ID, etc., for identification purposes.
Insured's PAN Vehicled
A copy of the insured’s Permanent Account Number (PAN) Vehicled to verify tax-related information.
Insured's GST Certificate
If applicable, a copy of the insured’s Goods and Services Tax (GST) certificate.
Copy of the Insurance Policy
A copy of the valid and active insurance policy for the vehicle.
FIR/NCR Copy(if applicable)
A copy of the First Information Report (FIR) or Non-Cognizable Report (NCR) filed with the police in case of an accident.
Valid Permit Copy
Legal authorization for vehicle operation within defined limits.
Valid Fitness Certificate
Certification of vehicle’s compliance with safety standards.
Driving License
A copy of the valid driving license of the driver involved in the accident.
Spot Surveyor
It refers to an on-the-spot assessment conducted by a surveyor to evaluate the extent of damage
Estimate of Repairs
An estimate of the repair costs from an authorized garage or workshop.
Photographs
(if available): Clear photographs of the accident scene, damages to the vehicle, and the location.
Witness Statements
Medical Records (if applicable)
Medical documents, bills, and reports in case of injuries to the insured or any third party.
Police Investigation Report (if applicable)
In case of a serious accident, a police investigation report may be required.
Contact Information for Claim Settlement: related to Miscellaneous Vehicle Full Insurance
If Policy Obtained through Agent/Broker
Contact your agent or broker first, as they will guide you through the claims process and assist in reporting the claim.
If Policy Obtained Directly from Insurance Company
Contact the insurance company’s claims department directly to report the claim and follow their instructions for a smooth claims settlement.
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
Kindly reach out to the provided contact information to initiate the claim settlement process with Beemawala.com.
Frequently Asked Questions: miscellaneous Vehicle Full Insurance
Crane insurance covers various risks and damages associated with the operation of cranes, including accidents, theft, damage to the crane itself, and liability for third-party property damage or bodily injury.
You can obtain crane insurance by contacting insurance providers that offer coverage for such specialized vehicles. They will guide you through the process and help you choose the right policy for your crane.
Crane insurance typically covers accidental damage, theft, fire, third-party liability, personal accident cover, and damage to the crane’s own machinery, among other things.
In case of a third-party claim, you should inform your insurance provider immediately and provide all necessary details and documents related to the incident, including police reports and witness statements.
Specific exclusions can vary between policies, but common exclusions might include intentional damage, wear and tear, and damage due to improper usage or maintenance.
The “roll-over” add-on provides coverage for damages that may occur if the crane overturns during operation. This add-on ensures that repair costs are covered in such cases.
Operating a crane without insurance leaves you financially exposed to potential accidents, damages, and liability claims. It’s recommended to have insurance to protect yourself from unforeseen losses.
Required documents typically include the insurance policy, incident details, photos of the damage, police reports, witness statements, and any other relevant documentation.
Exclusions can vary, but common ones might include intentional damage, mechanical breakdown, damage due to negligence, and using the crane for illegal activities.
You can buy crane insurance from reputable insurance providers that offer online services. Their websites will have information about the available policies and the process to purchase them.
Yes, insurance providers usually offer coverage regardless of the location of the insured vehicle. You can contact them to discuss your specific situation and requirements.
Fire Brigade Insurance provides coverage against damages to fire brigade vehicles due to accidents, fires, theft, and more.
You can purchase Fire Brigade Insurance from insurance companies that offer specialized coverage for fire brigade vehicles.
Third Party claims for Fire Brigade Insurance involve seeking compensation for damages caused to third-party vehicles or properties by the fire brigade vehicle.
Specific exclusions can vary, but commonly, intentional damages, illegal activities, and wear and tear may not be covered.
The “Roll Over” add-on provides coverage against damages caused to the fire brigade vehicle due to accidental rollovers.
Yes, Crane Insurance is important as it covers damages to cranes, often used in construction, against accidents, theft, and other risks.
Generally, documents like the FIR, claim form, vehicle registration, and repair estimates are required for a fire brigade insurance claim.
Exclusions can include pre-existing damages, mechanical breakdowns, and damages during unauthorized usage.
You can purchase Fire Brigade Insurance from reputable insurance providers online through their official websites.
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