1 ) Third-party Commercial Vehicle Insurance :- This insurance provides coverage against damage to third-party.
2 ) Comprehensive Commercial Vehicle Insurance :- Your business gets complete coverage if commercial vehicle gets damaged in road mishap.
1 ) Third-party Coverage Plan :- This policy provides cover against damage to other vehicles caused by your commercial insurance vehicle. This policy also provides coverage against any death or physical injury.
2 ) Towing Coverage :- Insurance companies provide this as an add-on coverage to main commercial vehicle insurance.
3 ) Comprehensive Commercial Vehicle Insurance :- This policy provides coverage against damage to vehicle. This damage can be because of flood, natural disaster, explosion, lightning and man-made perils.
In case of comprehensive commercial vehicle insurance policy, coverage vary from one provider to another.
1 ) It provides coverage in case of damage or accident. 2 ) Faster claim settlement ratio removes burden from owner of vehicle.
3 ) This insurance policy is going to keep your financial worries aside. 4 ) Commercial vehicle insurance also offers monetary compensation in case of turnout of an unfortunate event.
5 ) Most owners buy vehicle on loan. In case vehicle gets stolen or meets an accident, comprehensive commercial insurance will cover loan. 6 ) IDV is amount that policyholder gets in case of theft or complete loss of vehicle.