National Commercial Vehicle Insurance Policy Overview

National Insurance Company Limited is the oldest provider of general insurance solutions in India. Since it's the oldest, people generally give National Insurance policies additional priority. The company also offers effective commercial vehicle insurance policy under its motor insurance segment.

National commercial vehicle insurance is a specific motor insurance policy that has been particularly designed to cover you commercial vehicle against a number of different types of external damages alongside providing coverage for third party liabilities and personal accident.

The commercial vehicle insurance policies from National Insurance Company Limited provide all-embracing coverage for legal liabilities subsequent to injuries, property damage or death of third parties, caused due to your vehicle.

National commercial vehicle insurance policy comes with the coverage options for a wide-ranging of commercial vehicles including taxi, bus, lorry, van, auto, cranes, tractors and a range of goods and passenger carrying vehicles in India.

Special Features of National Commercial Vehicle Insurance

Commercial vehicle insurance is an essential requirement in order to keep your business running smooth without any hassle. Here are some best features and benefits that come with National commercial vehicle insurance:

  • National commercial vehicle insurance policies, for the most part, are designed to provide full comprehensive commercial vehicle insurance that only offers coverage for third-party liability and property damage, but also provides protection against accidental loss or damage to the vehicle, and also protects you against bodily injury or death in case of an accident.
  • Zero Documentation: In order to buy National commercial vehicle insurance, you are not required to go through any lengthy procedure. You can easily and instantly buy or renew National commercial vehicle insurance policy online.
  • Quick Claim Settlement: National Commercial Vehicle Insurance claims are settled with supreme level of transparency and turnaround time.
  • Cashless Claim Service: You can avail cashless claim services from the authorized network of garages of National across India.
  • Buy Online: Wherever you go, you can always use your mobile or desktop to buy National commercial vehicle insurance policy online instantly.
  • 24/7 Support: National Commercial Vehicle Insurance provides their policyholders with round the clock support for ultimate convenience and a hassle-free experience. Not only this, National has a number of cashless garage networks registered under their network from where you can avail the repairing of your commercial vehicle.
  • Immediate Policy Issuance: All the credit goes to the paperless documentation and quick approval that now you can easily download your National commercial vehicle insurance policy document on the successful payment of premium online.

National Commercial Vehicle Insurance Coverage

National Commercial Vehicle Insurance plan covers own damage to the vehicle caused due to the following:

  • Protection Against Third Party Legal Liability: National commercial vehicle insurance plan covers accidental death or injury to any third party as well as it also covers any damage to the property owned by a third party.
  • Accident by external means
  • Burglary, Theft or Housebreaking
  • Bodily injury or death caused by the use of the vehicle is covered.
  • Lighting, Fire, Explosion, Self-ignition etc. are covered under National Commercial Vehicle Insurance online.
  • Covers any loss / damage arising out of manmade calamities such as terrorism, strike, riots or malicious act.
  • Transit by rail, road, inland waterway, lift etc.
  • Flood, earthquake, storm, rockslide, landslide etc.
  • Personal Accident Cover: This covers the costs incurred from the medical treatment of the driver. However, you can choose to cover the occupants of your vehicle by paying extra premium

National Commercial Vehicle Insurance Exclusions

Like all motor policies in India, National commercial vehicle insurance also has a number of exclusions under which you won’t be given any coverage.

  • Depreciation is not covered.
  • Damage to any bridge and / or to any road and / or via duct and /or by the weight of the insured vehicle and / or load carried by the insured vehicle – are not covered under National commercial vehicle insurance.
  • Any Damage by a person / driver driving under the influence of Alcohol / Liquor / Drugs.
  • Any damage to tyre and tubes unless the vehicle is damaged at the same time. In such cases the Liability of the company shall be limited to 50% of the cost of replacement.
  • Doesn’t cover any consequential loss.
  • Loss / Damage that is attributable to Mutiny / War/ Nuclear risks.
  • Any Loss / Damage outside India are not covered under National commercial vehicle insurance policy.
  • The damage caused by overloading or strain of the Insured Vehicle is not covered.
  • Mechanical or Electrical breakdown/failure is not covered.

Renewal of National commercial vehicle insurance certainly holds similar value as purchasing one online. In order to keep the coverage on your commercial vehicle in one piece, make sure you renew your National commercial vehicle insurance policy before it expires.