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What is a Heavy Vehicle Insurance?
A heavy vehicle insurance is a type of a commercial vehicle insurance policy specifically for the purpose of covering for heavy duty vehicles such as bulldozers, cranes, lorries, trailers, etc. A basic, third-party heavy vehicle insurance covers for any damages and losses caused to a third-party due to the vehicle, whereas a comprehensive heavy vehicle insurance would also help cover for own damages along with additional covers for maximum protection.
Types of Heavy Vehicles
In India, there are many different types of heavy-duty vehicles, here are some of the most common ones, all of which can be covered under our Commercial Vehicle Insurance, such as:
- Bulldozers - Heavy duty vehicles mainly used in the process of construction, to move soil and sand forward. The same can be covered under a heavy vehicle insurance.
- Cranes - Cranes are commonly used for construction as well and could be insured by a commercial vehicle insurance for heavy-duty vehicles.
- Backhoe Digger - Backhoe diggers are one of the most common types of heavy-duty vehicles used in India, especially in the process of construction.
- Trailers - Trailers of all kinds are commonly used in India to transport goods and materials across different industries. The same can be covered for under a heavy-duty commercial insurance.
- Lorries - Tipper trucks and lorries are frequently used in India, mainly for the purpose of transporting large number of goods from one place to another.
Why choose a Heavy Commercial Vehicle Insurance by Digit?
What's covered in a Heavy Vehicle Insurance?
What’s not covered?
It is equally important to know what’s not covered in your heavy vehicle 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.
Consequential damages is 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 Heavy Vehicle 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 Heavy Vehicle 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. |
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Damages caused to any third-party person or property by the vehicle being towed by your insured heavy vehicle. |
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Loss or damages to own heavy vehicle due to natural calamities, fire, theft or accidents. |
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Injury/death of heavy vehicle owner-driverIf the owner-driver doesn’t already have a Personal Accident Cover from before |
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| 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.
Why should I buy a Heavy Vehicle Insurance?
- Heavy duty vehicles are a large part of an operational investment for any business. The least a business should do is protect it with an insurance, that will help compensate for losses in times of need.
- As per the Motor Vehicle Act, it is mandatory for all vehicles, including commercial vehicles to at least have a third-party commercial vehicle insurance in place. Without the same, you may be liable to pay heavy fines and other consequences.
- Insuring your heavy-duty vehicle won’t only ensure your business is safeguarded from losses, but also helps you maintain your vehicle better in the case of unforeseen circumstances such as natural calamities, fires, accidents and collisions.
FAQs about Heavy Commercial Vehicle Insurance Online in India
Does a heavy vehicle insurance also cover for the driver?
Yes, this commercial vehicle insurance for heavy duty vehicles also covers for the owner-driver.
Is it mandatory to insure a heavy-duty vehicle?
Yes, according to the Motor Vehicle Act, it is mandatory to at least have a third-party insurance policy for your vehicle to run legally on Indian roads. However, given the risks heavy-duty vehicles are prone to, it’s always better to get maximum coverage through a comprehensive commercial insurance policy, along with suitable add-on covers.
How much does a commercial insurance for a heavy-duty vehicle cost?
This depends on the type of heavy-duty vehicle you’re looking to insure, and the primary city it operates it. You can check the potential premium for your commercial vehicle insurance here.
How many vehicles can I cover under one commercial vehicle insurance policy?
Each vehicle needs to have its own, respective insurance policy. You cannot cover several vehicles under the same policy.