Third-party premium has changed from 1st June. Renew now
Excavator Insurance: Coverage, Benefits & How it Works
What is Excavator Insurance?
Excavator Insurance is a crucial commercial vehicle insurance that protects heavy machinery like excavators from damage and losses incurred due to accidents, thefts or natural calamities.
In India, where heavy machinery and construction equipment are essential for construction, mining and various infrastructure projects, excavator insurance plays a critical role in securing the equipment.
This insurance policy ensures that excavator owners can carry out their work without worrying about the high costs of repairs or replacements.
Thus, you can protect the machinery with excavator insurance by paying an affordable premium. Also, you can choose from various add-ons available to get extended coverage and other benefits.
Note: Excavator Insurance in Commercial Vehicles has been filed as Digit Commercial Vehicle Package Policy - Miscellaneous & Special Types of Vehicle
UIN number IRDAN158RP0003V01201819.
Why Do You Need Excavator Insurance?
If you own an excavator, get it insured today for the following reasons:
- Having at least a Third-Party Liability Only policy is mandatory by law as it protects a third party against any damage and losses that are caused by your excavator.
- The insurance money will cover the damage or loss incurred to the excavators arising due to external factors.
- Since heavy machinery is deployed mainly in riskier working conditions, the threat of damage to machinery or equipment is higher. So, you need insurance to protect yourself financially in any unprecedented situation.
- Excavator insurance can protect your machinery or equipment for both partial and total damage.
- You get peace of mind by ensuring that your excavator is financially covered during any mishap.
Why choose a Excavator Insurance by Digit?
What's covered in a Excavator Insurance?
What’s not covered?
It is equally important to know what’s not covered in your Excavator Insurance policy so that there are no surprises when you make a claim. Here are some such situations:
If you’re only going to go for a Third-Party Commercial Insurance for your commercial vehicle, then own damages and losses won’t be covered.
If during a claim, the driver-owner is found to be driving the insured vehicle without a valid driver’s license or under the influence of alcohol then the claim can’t be approved.
Any damages or losses caused to the heavy-duty vehicle due to contributory negligence won’t be covered for. For example, if there are existing floods in the city, and one still takes the tractor out.
Any damages or losses that aren’t a direct result of an accident, natural calamity or fire can’t be covered for.
Key Features of Excavator Insurance by Digit
| Key Features | Digit Benefit |
|---|---|
| Claim Process | Paperless Claims |
| Customer Support | 24x7 Support |
| Additional Coverage | PA Covers, Legal Liability Cover, Special Exclusions and Compulsory Deductibles, etc |
| Damages to Third-Party | Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages |
Types of Excavator Insurance Plans
Based on the type of your heavy-duty vehicle and number of vehicles you want to insure, we offer two primary plans you can choose from.
| Liability Only | Standard Package |
Damages caused by your heavy vehicle to any third-party person or property. |
|
Damages caused to any third-party person or property by the vehicle being towed by your insured heavy vehicle. |
|
Loss or damages to own heavy vehicle due to natural calamities, fire, theft or accidents. |
|
Injury/death of heavy vehicle owner-driverIf the owner-driver doesn’t already have a Personal Accident Cover from before |
|
| Get Quote | Get Quote |
How to claim?
Call us at 1800-258-5956 or drop us an email at hello@godigit.com
Keep your details such as policy number, location of the accident, date & time of the accident, and contact number of the insured/caller handy to make our process easier.
What our customers have to say about us
I had a wonderful experience while prossesing my vehicle insurance with Digit Insuarnce . It is so customer friendly equipped with apt technology. Claim got resorted within 24 hrs even without physically meeting any person. The customer centers handled my calls well. My special recognition to Mr Ramaraju Kondhana who was handled the case in a excellent way.
Really an fab insurance company which declared the highest idv value n staff is really courteus n i m totally complacent with the staff n specially credit goes to uves farkhun who timely infork me about various offers n benifits which push me to buy policy only from digit insurance n now i have decided to buy policy of another vehicle from digit insurance only bcs of many factors lyk cost-related and service-related.
It was a good experience of buying my 4th Vehicle insurance from Go-digit. Ms. Poonam devi explaining the policy well, as well as she knew what was the expectation from the customer and gave the quote according to my needs. And it was Hassle free to make the payment online. Special thanks to Poonam for getting this done Asap. Hope the Customer relationship team become better day by day!! Cheers.
FAQs about Excavator Insurance
What does excavator insurance cover?
Excavator insurance typically covers damages or losses resulting from accidents, theft, natural disasters, third-party liability, and death of owner-driver, depending on the policy chosen.
How much do I need to pay for excavator insurance?
The premium for excavator insurance varies depending on factors such as the value of the equipment, usage, coverage, and add-ons. Get in touch with your insurance provider to get an estimate.
Can I insure multiple excavators under one excavator insurance policy?
No, you need a separate insurance policy to cover each of your excavators. However, you can cover multiple excavators with policies at an affordable premium by getting in touch with us