Between the honks and the unending hustle-and-bustle of the city, driving a taxi becomes a cumbersome task. You need to focus on the road, the steering wheels, and the special instructions of your customers. It becomes really difficult to get hold of everything without losing your cool and this leads to untoward situations and accidents. But, don’t you worry! We are here to help you in the hour of need. Get your taxi insured with M R Insurance and drive confidently in your future rides.
You should also keep in mind that your taxi is exposed to extreme wear and tear as it runs more than an average private car. As a result of which the statistical risk of an accident increases. Also, you must know that it is mandatory to have a valid taxi insurance policy if you drive or own one.
In the present Scenario, when you are doing online Transactions, date online, stream videos online, why are you still buying insurance offline? Unlike traditional insurance policies, Our Taxi Insurance policy does things differently, which makes a significant difference for you!
Information is the key to make the right decisions. To ensure that you make an informed purchase, we have explained the essential car insurance concepts right here-
What is IDV?
The IDV (Insured Declared Value) is the current market value of the car which is calculated after deducting the depreciation amount. It is a crucial component of the car insurance policy as it determines the amount of compensation. In case of theft or total destruction of the car, the IDV is offered as "Sum Insured".
What is No Claim Bonus?
When you don't file a claim during your policy period, you will be eligible for a discount on your next premiumwhich is referred to as a No-Claim Bonus. This discount will keep increasing progressively for each claim-free year until the car insurance premium is reduced up to 50%.
When you buy a taxi insurance policy, it is important for you to have the facts so you can make an informed decision. Having a knowledge of your coverage will help you avoid unanticipated expenses and provide you with maximum peace of mind. Have a look at the coverage offered with this policy- a. Loss or damage to your vehicle due to:
b. Third-party insurance, which protects you against losses that occur due to bodily injury or death to a third party or any damage to that person’s property by use of your insured vehicle.
As much as we would like to cover all possible risks, certain situations are just not possible. We like to maintain absolute transparency with our customers. So here's what we don't cover in this taxi insurance policy-
