Passenger Carrying Vehicle Insurance Package Policy
Provides comprehensive coverage for passenger vehicles, including protection against accidents, vehicle damage
Passenger Carrying Vehicle Insurance Package Policy
Your vehicle forms the backbone of your day-to-day business on the road. Can you afford to leave your vehicle in your garage for long? When there are passengers in your vehicle, you are accountable for them. Ensure that you are always prepared with a comprehensive Passenger Carrying Vehicle Insurance Plan. A good passenger carrying vehicle insurance package ensures the best of timely care with the most cut-rate premiums. Passenger carrying vehicles include auto, Tempo Traveler, school bus, and Maxi cab. The companies that offer Commercial Passengers Carrying Vehicle insurance in India include Bajaj Allianz, Future Generali, IFFCO TOKIO, National, New India, Reliance, Royal Sundaram, Shriram, TATA AIG, and United India
What all does it cover?
Accidents
Accidents are unpredictable; injuries and damages can be severe. Did your vehicle have an accident? Did it get damaged? Don’t panic! A good passenger carrying vehicle insurance package covers it.
Fire
Incidents of fire and explosion can damage your vehicle wholly or partially. You can be worry-free if you have a passenger-carrying vehicle insurance package.
Theft
Is your vehicle stolen? If you have an insurance package, you can be free from worries. It secures your vehicle.
Calamity
Destruction to your favorite vehicle because of a disaster such as an earthquake, landslide, floods, riots, and terrorism? Again, your insurer can come to rescue.
Third-party Liability
If your vehicle causes injuries to a third party or damage to the third party’s property, this insurance can cover. It offers full coverage to meet all their liabilities. You can buy a third-party package as a separate policy.
What it doesn’t cover?
1. It doesn’t include depreciation in the value of your vehicle over time.
2. It doesn’t include electrical or mechanical breakdown.
3. Your car insurance becomes useless if you do not have a valid driving license.
4. It goes out of action if you’re driving under the influence of drugs or liquor.
How to choose the best insurance package?
Check if the company has 24/ 7 support center
At times of distress, instant aid is the need of the hour. Make sure that the company has an in-house claims team that provides round-the-clock support to make sure you have hassle-free claim experience.
Get feedback from others
Get feedback from others to know if the company is transparent enough. Your insurance claims must be settled with the utmost transparency.
Pick a Top-rated insurer
See if the insurer has awards and recognitions to their credit. All rated companies do well.
Do the annual rate check
Check the rates from other companies to ensure you’re getting the best deal.
Set the right deductable
A higher deductible might lessen your premium. However, you have to pay more out of your pocket in the event of an accident. If you hold a good driving record with no accident that was your mistake, you may want to opt for a higher premium. The perks for this risk can be up to a savings of 40%.
How to get the best policy
Find a specialized industrial insurance policy provider
You must deal with specialists. Since specialized insurance companies that deal with Passenger Carrying Vehicle Insurance Package Policy can give you a comprehensive solution. You need to search for one skilled insurance service provider.
Run a comparison study
You can find several sites offering you information about the various insurance providers, their policies and reviews. By running a comparison study, you can easily find an insurance company that is right for your needs and requirements.
Seek professional help
It would be advisable to find professional help to understand the policy, because, at times, it can be too technical for you to understand, and a person who is expert in the insurance business can help you in spotting the right kind of policy for your business. The insurance expert can make you understand the legal terms associated with the policies.
Read the terms and conditions carefully
You should read the terms and conditions. For instance, you need to know about the social exclusions, the add-ons of the policy, and more. Hence, take out some time and read the terms and condition carefully before buying the insurance plan.
Never let the business be vulnerable to the unpredictability of nature and happenings. You can keep everything under control by availing the best Passenger Carrying Vehicle Insurance Package Policy for your business and act with a sense of urgency when things go wrong without prior notice. So, stay safe.