Sankalp Fin Solution Offers Comprehensive Insurance for Passenger Carrying Heavy Vehicle

Commercial vehicle insurance offers protection to any commercial vehicle from any loss/ damage incurred due to any unforeseen circumstances.

Commercial vehicles are an important mode of transportation and are heavy-duty vehicles, which are used on an everyday basis to carry out tasks. These vehicles usually include trucks, vans, trailers, buses, taxis, coaches, carriers, shovels, tractors, cranes, mobile rigs, bulldozer, etc. that are used to transport goods within the city/cities and from one state-to-another. They are also used for inter-city passenger tour and travel.

These heavy-duty commercial vehicles have an important contribution to bulk transportation for many businesses. However, such heavy-duty commercial vehicles are always prone to road accidents, unpredictable damages while driving and natural calamities.

Therefore, commercial vehicle insurance is important to covet these set of wheels against the odds. Tractor insurance for covering goods carrying trucks, commercial insurance for pick-up vans etc.

What does the​​ policy cover?​

  • ​​Loss or damage to your vehicle due to:
    • Riot, strike​
    • Earthquake
    • Malicious act
    • Terrorist activity
    • Landslide rockslide
    • Accident(external means)
    • Burgl​ary, housebreaking, theft
    • Inundation cyclone, hailstorm, frost
    • Fire explosion, self-ignition or lightning
    • Flood, typhoon, hurricane, storm, ​​tempest​​
  • 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.

Key Benefits Of Heavy (Commercial) Vehicle Insurance

  • Accident-related injury or death to other people.

Regardless of how an accident occurs, the loss of life is irreparable. The law requires that victims of accidents be given adequate and fair compensation if they sustain permanent injuries or suffer loss of life. You can ensure that your liability is limited by opting for a policy covering such risks.

  • Accident-related damage to other people’s property

Third Party Insurance plans help you make good any damages to third party property. This includes damage to infrastructure such as office premises, machinery etc.

There is one thing that you would want to steer away from: policy expiry. It can expose you to all of these risks that you and your business need protection from. Staying insured lets you go from just surviving to thriving!