Commercial vehicles in India play a significant role in terms of carrying goods from one place to another or as a means of transportation in exchange for fares. Oriental commercial vehicle insurance makes sure that these vehicles are free from any sort of damages by providing financial compensation in the event of accidental damage so that your business runs smoothly.
Whether it is a taxi, bus, lorry, truck, van, auto or car, all the commercial vehicle insurance policy from Oriental Insurance Company Limited makes sure that the process of transportation or delivery of goods from one place to another executes without any problem.
Whether you own a small business with a small taxi or van or you run a business with an entire fleet, Oriental commercial vehicle insurance policy is a must to battle with the expenses you could incur following an unforeseen accident.
Oriental commercial vehicle insurance policies are designed to provide financial support against third-party legal liabilities due to an accident involving your commercial vehicle as well as covers own damage and personal accident too.
You can instantly get quotes online and buy Oriental commercial vehicle insurance instantly without any hassles. Cashless claims services can be availed under the commercial vehicle insurance from Oriental.
There are two types of Commercial Vehicle insurance plans on offers from Oriental Insurance Company Limited.
Find out the different types of Oriental commercial vehicle insurance plans and their benefits below.
The main features and benefits of the liability only plan of Oriental commercial vehicle insurance are the following:
- ✔The oriental commercial vehicle insurance policy provides coverage against third party legal liability for bodily injury and or death. The policy also offers Personal Accident cover for Owner driver along with this plan.
- ✔This Oriental commercial vehicle insurance plan provides coverage against third party property damage as well.
This Oriental commercial vehicle insurance plan covers the damage or loss to your commercial vehicle as well as the damage to its accessories caused due to the below reasons which are as under:
- ✔Malicious Act: This Package pan or comprehensive commercial vehicle insurance plan covers the damages due to malicious act as well.
- ✔Protection against Explosion, Fire, Self-ignition or Lighting: This commercial vehicle insurance plan from Oriental covers the expenses uncured from loss or damages due to fire, explosion etc. Damages from self-ignition as well as lighting are also covered under Oriental commercial vehicle insurance policy.
- ✔Terrorist Act: The human activity of Terrorist Act is also covered under the package commercial vehicle insurance plan from Oriental.
- ✔Riot and Strike: Manmade calamities such as riots and strike are also covered under this Oriental commercial vehicle insurance plan.
- ✔Earthquake & Fire: Unpleasant natural phenomenon like fire and earthquake are also covered under the comprehensive auto insurance plan from Oriental Assurance Company Limited.
- ✔Landslide and Rockslide are also covered under the Package Plan of Oriental commercial vehicle insurance.
- ✔This Oriental commercial vehicle insurance policy covers accidental loss or damages by external means.
- ✔Several natural calamities such as typhoon, flood, storm, hurricane, hailstorm, cyclone, tempest and Inundation are also covered under this Oriental Commercial Vehicle Insurance plan online.
Not to mention that just like any other insurance policies in, Oriental commercial vehicle insurance policy certainly comes with many exclusions under which the Company will not pay any claims.
Find out the major exclusions under a commercial vehicle insurance policy from Oriental Insurance Company Limited below.
- ✔Any consequential loss is not covered under Oriental commercial vehicle insurance policy
- ✔Driving with invalid driving license and with consumption of alcohol.
- ✔Loss or damage to your vehicle due to civil war, war or any act of war.
- ✔Any damage incurred outside India.
- ✔Any damage to the Tyre or tube is not covered unless the vehicle is also damaged at the same time, in such cases, the liability of the company will be 50% of the total repairing charges.
- ✔Mechanical or Electrical breakdown/failure
- ✔Wear and tear is not covered under Oriental commercial vehicle insurance policy online
- ✔Any Damage by a person/driver driving under the influence of Alcohol / Liquor / Drugs
- ✔The damage caused by overloading or strain of the Insured Vehicle 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 Oriental commercial vehicle insurance.
Note: This is not the complete list of exclusions. Please refer to the policy wording for a clearer and complete understanding of the exclusions.
Oriental commercial vehicle insurance is a specific motor insurance policy that has been particularly designed to cover your commercial vehicle against several different types of external damages alongside providing coverage for third-party liabilities and personal accident.
It is, however, important to remember that the renewal of your Oriental commercial vehicle insurance policy online has the same importance as purchasing one.
So you must make sure that your commercial vehicle insurance from Oriental Insurance Company is renewed on time to keep the coverage solid on your commercial vehicle. You can opt for some add-on covers as well by making the extra payment along with your premium.
The commercial vehicle insurance policies from Oriental Insurance Company Limited provide across-the-board coverage for legal liabilities following injuries, property damage or death of third parties, caused due to your vehicle.
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