With the globalization of businesses in diverse domains, the dire need to enhance the services has also emerged and thereby putting excessive pressure over the service providers. To optimize the operations, various commercial vehicles are already proffering their reliable services, but with requirements emerging round the clock, performance of these vehicles also become a major roadblock.
Companies in this arena of commercial vehicles manufacturing can certainly feel the competitive essence because of the raised bar of expectation but with the technology taking leaps and bounds every day, betterments in performance and reliability are touching greater heights.
At present, various commercial vehicles are running on Indian roads, but some of them stood out of the ordinary with their all-around excellence and satisfaction to both the businesses and the users.
If you have a commercial vehicle, you must have commercial vehicle insurance. A comprehensive vehicle insurance online policy keeps you and your business protected in case your commercial vehicle gets damaged in a road-mishap. A third-party commercial vehicle insurance online policy also provides coverage against liabilities to third-party in case of property damage and bodily injury or death. A comprehensive commercial vehicle insurance policy online further offers protection in case of theft of the insured commercial vehicle.
Advantage of Commercial Vehicle Insurance Commercial vehicle insurance policies online offer comprehensive protection to your commercial vehicles. If your commercial vehicle gets involved in accidents you will have to bear the expenses in case you don’t compare and buy commercial vehicle insurance online and renew commercial vehicle insurance policy online before expiry.
A comprehensive commercial vehicle insurance policy online will shield you financially physical damage to your insured commercial vehicle and take care of your liabilities to third-party. A third-party commercial vehicle insurance policy online will safeguard you from property damage, physical injuries and death of third-party on the roads.
Tata SFC 407 can be rudimentarily designated as the most common truck on Indian roads. With best in class alterable configuration, this truck can be easily utilized for medium to heavy loading of goods. Also, with the top speed of approximately 110 KMPH, this vehicle can ferry around pretty fast with better reliability. The BSIII complaint engine also generates torque of 245Nm to provide better clearance.
The Tata LPT 1613 is extensively utilized among the business users because of its extensive capability to provide heavy duty loading. With a payload capacity of 12000 Kg, this vehicle eases out the process by delivering goods safely. Equipped with heavy-duty chassis and riveted framework, Tata LPT 1613 also complies to BSIV emission norms.
With its name already registered among the highest selling lightweight commercial vehicle in India, Tata Ace is one of the most popular choices for small-scale businesses whose payload capacity range from small to medium range. Tata Ace is highly efficient in terms of its mileage as well as its durability. With superb mileage of around 22 kmpl, this vehicle also diminishes the maintenance cost to an all-time effective low, thereby making it the best choice for businesses.
Ashok Leyland 1616 comes equipped with stocky looks and a muscular engine. With a payload capacity of around 9000 Kg, this vehicle stand on every promise proffered on paper and beyond. Along with its compliance to BSIII emission norms, Ashok Leyland 1616 also fancies high torque of 550 Nm and a top speed of 97 Kmph. The cabin is also furnished with various features such as tillable steering and adjustable seating.
TATA 3118 was originally designed for the heavy-duty segment of commercial vehicles and has certainly surpassed all expectations with its exemplary performance and durability. With a mammoth payload capacity of 30000 Kg, this vehicle is substantially utilized in diverse business processes. Unlike other commercial vehicles, Tata 3118 boasts off 6-speed manual gearbox to supply greater torque and power to the machinery.
Thus, we can easily conclude that with escalating competition, the race to remain ahead of the others has also become fierce, thereby endowing improved performance and durability to the commercial class of vehicles among all segments!
The following are the parameters that help assess the price of commercial vehicle insurance cover.
Type of Coverage
This is mandatory cover, enforced by law, serves to protect the insured from claims arising from a third party. When the insured vehicle in at fault . This cover will pay for only fiscal liability and will also take care of any legal repercussions that arise out of the accident.
It covers only your legal liability for the damages you cause to a third party bodily injury, death and damage to third party property. While using your vehicle third party cover does not pay for rapairt of damages to your car or if you suffer any car related injuries.
:- A package policy or a comprehensive policy covers loss or own damage (OD) to the vehicle insured in a addition to all the covers provided by a third-party policy. It is the non-compulsory 'own damage cover' part of the comprehensive motor policy that actually pays you in case of damage to your vehicle caused by accident, theft, fire, explosion, self-ignition, lightning, riots, strikes or act of terrorism, natural calamities.
The major policy is a yearly contract and has to be renewed without a break. In case any damage happens post the expiry, the loss won't be covered. If the insured or any other person, with the knowledge and consent of the insured, is driving the car under the influence of alcohol or drugs or any other intoxicating substance.
If the vehicle was being driven by a person without a valid driving licence.
Demage to engine as a result of oil leakage.
Any damage to the vehicle due to war, terror attacks, invasion, foreign enemy action, civil war, mutiny, rebellion, hostilities, radations or nuclear material/weapons are not covered under a standard motor policy.
Consiquntional losses or damages which are a consequence of a certain action by the policyholder or a third party (Whatever intentional or by accident and not an outcome ) of an uncertain event are not covered. For instance, engine demage due to hydrostatic loss during monsoons is a common consequential loss. This is because the damage did not happens because of flooding or the rains, instead someone has cranked up the vehicle in a water-logged area. It could be a mistake, an intential act in an emergency situation, however, it wont't be covered by the insurer as the risk was not covered
