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Trailer Insurance: Coverage, Benefits & How it Works
What is Trailer Insurance?
Trailer insurance is a specialized commercial vehicle insurance policy that provides coverage for trailers used for various purposes like transportation, construction, recreational, etc. It offers financial help to the policyholder against damages or losses incurred due to accidents, theft, natural calamities or third-party liability.
You can avail the trailer insurance policy by paying an affordable premium, and in return, benefit from financial protection in case of any damage to the vehicle.
Note: Trailer Insurance in Commercial Vehicles has been filed as Digit Commercial Vehicle Package Policy - Miscellaneous & Special Types of Vehicles.
UIN number IRDAN158RP0003V01201819.
What is Trailer Insurance?
Trailer insurance is a specialized commercial vehicle insurance policy that provides coverage for trailers used for various purposes like transportation, construction, recreational, etc. It offers financial help to the policyholder against damages or losses incurred due to accidents, theft, natural calamities or third-party liability.
You can avail the trailer insurance policy by paying an affordable premium, and in return, benefit from financial protection in case of any damage to the vehicle.
Note: Trailer Insurance in Commercial Vehicles has been filed as Digit Commercial Vehicle Package Policy - Miscellaneous & Special Types of Vehicles.
UIN number IRDAN158RP0003V01201819.
Why Do You Need Trailer Insurance?
Getting a trailer insurance is essential for several reasons, such as:
- As per the Indian law, trailer owners must have at least a Liability Only policy that covers damage to third party caused due to the trailer.
- Since trailers can be expensive to repair or replace, a trailer Insurance policy helps to minimise the financial burden in case of unforeseen situations.
- Owners of trailers can work worry-free, as with trailer insurance they know that they are financially protected in situations leading to financial loss caused by or to the trailer.
Why choose a Trailer Insurance by Digit?
What's covered in a Trailer Insurance?
What’s not covered?
It is equally important to know what’s not covered in your Trailer 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 Trailer 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 Trailer 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 Trailer Insurance
How is the premium calculated for trailer insurance?
The premium for trailer insurance is determined based on factors such as the value of the trailer, its usage, location, coverage, and any add-ons.
Can I insure multiple trailers under one trailer insurance policy?
No, a single trailer insurance policy doesn’t cover multiple trailers, but you can cover them at an affordable rate by getting quote from us.
Is the owner-driver covered under trailer insurance?
Yes, both Liability Only and Standard trailer insurance policies cover the injury or death of owner-driver, provided that the owner-driver doesn’t already have a Personal Accident cover in their name.