What is Commercial Vehicle Insurance?
A Commercial Vehicle Insurance is a required policy that protects vehicles used for business, such as trucks, buses, and auto-rickshaws.
It also covers costs if other people are injured, their property is damaged,
or if they die in an accident involving your commercial vehicle.
The policy also covers loss or damage caused by natural calamities, fire, man-made disasters, theft, etc.
Types of commercial vehicles
insurance
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Benefits of Renewing Insurance
Renewing an insurance policy is made simple and easy. It offers continuous coverages against damages arises out of road accidents or collisions. Also include protection from damages caused to the insured commercial vehicle by natural calamities such as earthquakes, hurricanes, cyclones, etc. Following are some benefits of renewing,
- Save time and effort
- No Claim Bonus
- No/less paperwork process
- Avoid insurance break-ins
