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Light Commercial Vehicle Insurance
A Light commercial vehicle (LCV) insurance is a type of commercial vehicle insurance designed for lightweight vehicles used for transporting goods commercially
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The types of vehicles that are covered under LCV insurance include mini trucks, pickups, minivans and other vehicles that fall under LCV category. A light commercial vehicle insurance protects you and your vehicle in case of an accident, theft, natural calamity, liability to third parties, etc. You need a Liability Only policy to legally comply with the law, which offers the most basic features. In case of Liability only polices any damage to the insured vehicle and property will not be covered. However, if you want enhanced protection, you can customise your insurance policy with the Standard Package and various add-ons available at Digit Insurance, and that too at affordable premiums online. Note: Light Commercial Vehicle Insurance in Commercial Vehicles will covered under Digit Commercial Vehicle Package Policy - Goods Carrying Vehicle. UIN number IRDAN158RP0001V01201819
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2000+
Cashless Garages
1750 Crore+
Paid-in Claims
60 Lakh+
Policies Sold
Why Do You Need Commercial Vehicle Insurance for Light Goods Vehicles?
You need to have a light commercial vehicle insurance policy due to the following reasons:
- In India, it is mandatory to have at least a Third-Party Liability Only commercial vehicle insurance policy for light goods vehicles. Failure to comply with which can lead to penalties.
- Getting insurance for your light commercial vehicle also provides liability coverage, meaning that it will cover any damage or loss to third-party due to your vehicle.
- Depending on the type and terms of policy bought, the policyholder is also paid compensation for bodily injury/death sustained by the owner/ driver of the vehicle.
- Light commercial vehicle insurance also covers the cost of repairs or replacement if your vehicle is damaged or stolen, thus protecting you from any financial risks.
- Commercial vehicles such as tempos are often used for carrying goods and online deliveries, making them more prone to accidents, damage or loss. So, protecting them with the Standard Package insurance policy will protect you in such situations.
Why choose a Light Commercial Vehicle Insurance by Digit?
We treat our customers like VIPs, know how…
Customize your Vehicle IDV
With us, you can customize your vehicle IDV as per your choice!
24*7 Support
24*7 call facility even on National Holidays
Super-Fast claims
Smartphone enabled self-inspection processes takes minutes!
What's covered in a Light Commercial Vehicle Insurance?
Accidents
Damages and losses caused to the heavy-duty vehicle due to an accident.
Theft
Any damages and losses caused to the heavy-duty vehicle in the case of a theft.
Fire
Any damages or losses caused to the heavy-duty vehicle in an unfortunate case of fire.
Natural Disasters
Any damages and losses caused to your vehicle due to floods, earthquakes and other natural calamities.
Personal Accident
Covers for any personal injuries or death of the owner-driver of the vehicle.
Third Party Losses
Covers for losses and damages caused to a third-party vehicle, property or person due to the insured heavy-duty vehicle, in the case of an accident or collision.
Towing Disabled Vehicles
Covers for any damages caused to your vehicle in cases where it's being towed.
What’s not covered?
It is equally important to know what’s not covered in your Light Commercial Vehicle insurance policy so that there are no surprises when you make a claim. Here are some such situations:
Key Features of Light Commercial Vehicle Insurance
|
Key Features |
Digit Benefit |
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Claim Process |
Paperless Claims |
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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 Light Commercial 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. |
✔
|
✔
|
|
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-driver If the owner-driver doesn’t already have a Personal Accident Cover from before |
✔
|
✔
|
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.
How fast are Digit Insurance Claims Settled?
This is the first question that should come to your mind when switching your insurance company. Good you’re doing that!
Read Digit’s Claims Report CardWhat our customers have to say about us
Vikas Thappa
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.
Vikrant Parashar
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.
Siddharth Murthy
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.
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