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Commercial vehicle insurance

Commercial vehicle insurance protects businesses using vehicles for work, covering accidents, theft, damage, and liability. It ensures your fleet stays protected with coverage options like collision, comprehensive, and liability insurance. Essential for businesses in delivery, construction, and more, it helps manage risks and keep operations running smoothly.

Types of commercial vehicles

          
            Delivery Vans: These vehicles, commonly insured with comprehensive and cargo insurance, are essential for businesses in                                              logistics and retail to transport goods securely.

  1. Pickup Trucks: Often covered by commercial auto insurance, pickup trucks are used in construction, landscaping, and service industries to carry tools, equipment, and materials.

  2. Box Trucks: Insured with liability and property damage coverage, box trucks are ideal for moving and distribution companies, protecting against accidents and cargo loss.

  3. Cargo Trucks: These vehicles, typically covered by commercial vehicle insurance, are used for transporting bulk goods, ensuring protection against theft, damage, and third-party liability.

  4. Refrigerated Trucks: With specialized commercial vehicle insurance, including temperature-specific coverage, these trucks safeguard perishable goods like food and pharmaceuticals during transport.

  5. Flatbed Trucks: Insured for liability and physical damage, flatbed trucks are used in construction and agriculture to transport heavy or oversized equipment and materials.

  6. Tipper/Dump Trucks: These are typically covered under commercial vehicle policies to protect against property damage and third-party claims, often used in construction and waste management.

  7. Specialized Service Vehicles: Covered under tailored commercial vehicle insurance, these vehicles are modified for specific industries like plumbing, catering, or electrical services, protecting against operational risks.

Securing the right commercial vehicle insurance helps safeguard against potential risks and liabilities, ensuring your fleet remains protected in any situation.

Key Features of Commercial Vehicle Insurance: Comprehensive Protection for Your Business

Comprehensive Commercial Vehicle Insurance: Key Features to Protect Your Business Fleet

When running a business, protecting your assets is critical, and your vehicles are no exception. Commercial vehicle insurance is specifically designed to safeguard business vehicles, drivers, and cargo from potential risks. Here are the key features of a robust business auto insurance policy to ensure your business stays covered.

1. Liability Coverage for Commercial Vehicles

  • Bodily Injury Liability: Protects your business by covering medical costs if someone is injured in an accident caused by one of your commercial vehicles.
  • Property Damage Liability: Pays for damages to another person’s property caused by your business vehicle, protecting your business from financial liability.

2. Physical Damage Coverage (Comprehensive & Collision)

  • Collision Coverage: Covers repair or replacement costs if your business vehicle is damaged in an accident, regardless of fault.
  • Comprehensive Coverage: Protects against damage not related to a collision, such as theft, vandalism, fire, or natural disasters.

3. Uninsured/Underinsured Motorist Coverage

  • Offers financial protection if one of your commercial vehicles is involved in an accident with an uninsured or underinsured driver, covering medical and repair expenses that the other driver cannot pay.

4. Medical Payments and Personal Injury Protection (PIP)

  • Medical Payments Coverage: Ensures that medical expenses for your drivers and passengers are covered in the event of an accident, regardless of who is at fault.
  • PIP (Personal Injury Protection): Provides additional benefits such as lost wages, rehabilitation, and funeral costs in case of an accident.

5. Cargo Insurance for Goods in Transit

  • Cargo Coverage: Protects your business from financial loss due to damaged, lost, or stolen goods while being transported by your commercial vehicles.

6. Non-Owned Auto Insurance

  • Extends coverage to vehicles not owned by your business but used for business purposes, such as employee-owned vehicles or rented cars, providing liability protection when they are on the job.

7. Hired Auto Insurance

  • Covers rental vehicles used for business, ensuring that your business is protected when using vehicles you don’t own or lease long-term.

8. Trailer Interchange Coverage

  • Trailer Interchange Insurance: Provides coverage for trailers being used under a trailer interchange agreement. This is particularly useful for businesses in logistics and transportation.

9. Roadside Assistance for Commercial Vehicles

  • Provides peace of mind with roadside assistance coverage, offering towing, lockout services, fuel delivery, and flat tire changes to keep your business vehicles moving.

10. Rental Reimbursement

  • Rental Reimbursement Coverage: Covers the cost of renting a replacement vehicle if your business vehicle is being repaired due to a covered loss, ensuring business continuity.

11. Fleet Insurance for Multiple Commercial Vehicles

  • Fleet Insurance: Consolidates coverage for multiple business vehicles into a single policy, offering more convenient and often cost-effective coverage for businesses with several vehicles.

12. Custom Equipment and Accessory Coverage

  • Protects custom-built features and special equipment (e.g., toolboxes, signage, machinery) attached to your commercial vehicle, ensuring that your investments are fully insured.

13. Employee Coverage for Business Use

  • Employee Auto Coverage: Extends liability and medical coverage to employees driving company-owned or rented vehicles for work purposes, protecting your business in case of an accident.


Why Choose Commercial Vehicle Insurance?

Comprehensive commercial auto insurance helps businesses mitigate the risks associated with operating business vehicles. By covering liability, damage, medical costs, and more, it shields your business from unexpected financial losses.

Get a Commercial Vehicle Insurance Quote Today!

Protect your business vehicles and drivers with the best business auto insurance policy. Contact us today to receive a personalized quote and ensure your business is fully covered.

Passenger carrying vehicle insurance

Passenger-Carrying Vehicle Insurance: Comprehensive Coverage with PolicyInstant

At PolicyInstant, we understand the importance of protecting your business, drivers, and passengers. If you operate a business that relies on passenger-carrying vehicles, such as taxis, shuttles, buses, or ride-sharing services, having the right commercial vehicle insurance policy is essential. Our tailored passenger-carrying vehicle insurance ensures that you’re covered from the unexpected, keeping your business on the road and running smoothly.


What is Passenger-Carrying Vehicle Insurance?

Passenger-carrying vehicle insurance is a specialized form of commercial auto insurance designed for vehicles that transport passengers for a fee or business purposes. This type of coverage is essential for businesses like taxis, buses, limousines, and ride-share services. It provides comprehensive protection, including first-party coverage for your own vehicles and third-party liability coverage for damages or injuries to others.


Types of Passenger-Carrying Vehicles Covered by PolicyInstant

At PolicyInstant, we offer insurance for a variety of passenger-carrying vehicles, including:

  • Taxis and Ride-Sharing Vehicles
  • Buses and Minibuses (public transit, private hire, school buses)
  • Shuttles and Airport Transport Vehicles
  • Tour and Charter Buses
  • Limousines and Private Hires
  • Group Transport Vans


Key Coverages for Passenger-Carrying Vehicle Insurance

  1. Third-Party Liability Insurance

    • Bodily Injury Liability: Covers medical expenses and legal costs if your passenger-carrying vehicle is responsible for injuries to passengers, pedestrians, or other drivers.
    • Property Damage Liability: Protects against claims for damages caused to other people’s property, such as vehicles or infrastructure, in an accident.

    Third-party liability insurance is legally required in most states and provides crucial protection for businesses operating passenger-carrying vehicles.

  2. Passenger Liability Insurance

    • Specifically designed to protect your business from claims or lawsuits brought by passengers who suffer injuries during an accident. This coverage is essential for businesses in the transportation industry to handle claims from injured passengers effectively.

  3. Comprehensive Insurance

    • Provides first-party coverage for your passenger-carrying vehicles against non-collision events such as theft, vandalism, fire, or natural disasters. This policy ensures that your vehicles are protected from a wide range of risks.

  4. Collision Insurance

    • Covers damage to your vehicle in the event of an accident, regardless of fault. Collision coverage ensures that your vehicles can be repaired or replaced, minimizing downtime and keeping your business running.

  5. Uninsured/Underinsured Motorist Coverage

    • Protects your business if your passenger-carrying vehicle is involved in an accident with an uninsured or underinsured driver. This coverage helps pay for damages and medical expenses when the at-fault party lacks sufficient insurance.

  6. Medical Payments (MedPay) or Personal Injury Protection (PIP)

    • Covers medical expenses for both your drivers and passengers after an accident, regardless of who is at fault. These first-party insurance policies ensure that your passengers’ medical needs are taken care of promptly.

  7. Hired and Non-Owned Auto Insurance

    • Provides liability coverage for passenger-carrying vehicles that your business rents or leases, as well as employee-owned vehicles used for work purposes. This third-party insurance protects your business from liability claims in case of an accident involving hired or non-owned vehicles.

  8. Roadside Assistance Insurance

    • Ensures that your passenger-carrying vehicles receive help when stranded due to mechanical breakdowns. Services include towing, tire changes, and fuel delivery, ensuring minimal downtime for your business operations.

  9. Rental Reimbursement Insurance

    • Covers the cost of renting a replacement vehicle while your passenger-carrying vehicle is being repaired. This first-party insurance helps keep your business operating smoothly without interruptions.


Why Choose PolicyInstant for Passenger-Carrying Vehicle Insurance?

At PolicyInstant, we specialize in offering tailored commercial vehicle insurance policies that meet the unique needs of businesses that transport passengers. Our comprehensive policies include both first-party coverage for vehicle protection and third-party liability insurance to safeguard against potential legal claims. Whether you’re running a small taxi service or managing a large bus fleet, we can help you find the perfect coverage to fit your business.

Get a Free Quote for Passenger-Carrying Vehicle Insurance from PolicyInstant

Secure your business with passenger-carrying vehicle insurance from PolicyInstant. Get a free insurance quote today and discover how we can help protect your vehicles, drivers, and passengers. With the right commercial auto insurance, you’ll have peace of mind knowing that your business is protected from unforeseen risks.

Goods carrying vehicle insurance/Truck insurance

Goods Carrying Vehicle Insurance: Secure Your Business with PolicyInstant


At PolicyInstant, we understand the importance of protecting your business assets. If you operate goods-carrying vehicles, such as trucks, vans, or delivery vehicles, having the right commercial vehicle insurance policy is essential. Whether you’re transporting goods locally or across state lines, our goods carrying vehicle insurance offers comprehensive coverage that safeguards your vehicles, drivers, and cargo from unforeseen risks.


What is Goods Carrying Vehicle Insurance?

Goods carrying vehicle insurance is a specialized type of commercial vehicle insurance designed for businesses that use vehicles to transport goods or materials. This type of insurance provides coverage for both first-party (your business) and third-party (others) claims, ensuring that your vehicles, cargo, and any damages or injuries caused by your business are financially protected.


Types of Goods-Carrying Vehicles Covered by PolicyInstant

At PolicyInstant, we provide insurance for a wide range of goods-carrying vehicles, including:

  • Delivery Vans
  • Pickup Trucks
  • Cargo Vans
  • Light, Medium, and Heavy Trucks
  • Refrigerated Trucks
  • Box Trucks
  • Flatbed Trucks
  • Tanker Trucks


Key Coverages for Goods-Carrying Vehicle Insurance

  1. Third-Party Liability Insurance
    • Bodily Injury Liability: Covers medical expenses and legal fees if your goods-carrying vehicle causes injury to others, such as pedestrians, passengers, or other drivers.
    • Property Damage Liability: Provides coverage if your vehicle causes damage to someone else’s property, including other vehicles, infrastructure, or goods.

    This third-party liability insurance is mandatory in most states and ensures that your business complies with legal requirements while protecting it from costly lawsuits.

  2. Cargo Insurance
    • Protects the goods or products being transported in your vehicle. Cargo insurance ensures that your business is compensated in the event of loss, damage, or theft of goods during transit, providing peace of mind for logistics and delivery companies.
  3. Comprehensive Insurance
    • Provides first-party coverage for damages caused by non-collision incidents, such as theft, fire, vandalism, or natural disasters. This type of insurance is crucial for protecting your goods-carrying vehicles from a variety of risks.
  4. Collision Insurance
    • Covers damage to your vehicle in the event of an accident, regardless of who is at fault. Collision coverage ensures that your goods-carrying vehicles can be repaired or replaced quickly, minimizing downtime and keeping your business operations running smoothly.
  5. Uninsured/Underinsured Motorist Coverage
    • Protects your business if your goods-carrying vehicle is involved in an accident with a driver who has no insurance or insufficient coverage. This policy covers damages to your vehicle and injuries to your driver when the other party is unable to pay.
  6. Hired and Non-Owned Auto Insurance
    • Provides coverage for rented, leased, or employee-owned vehicles used for your business. This third-party coverage is essential if you use vehicles that are not owned by your business to transport goods.
  7. Medical Payments Coverage (MedPay) or Personal Injury Protection (PIP)
    • Covers medical expenses for your drivers and passengers if they are injured in an accident, regardless of fault. MedPay or PIP ensures that your drivers receive prompt medical care after an accident.
  8. Trailer Interchange Insurance
    • Provides coverage for trailers used under a trailer interchange agreement. This first-party insurance covers damages to trailers while they are in your possession, which is essential for businesses in logistics and transportation.
  9. Roadside Assistance Insurance
    • Offers emergency services like towing, fuel delivery, tire changes, and jump starts for your goods-carrying vehicles. This helps ensure that your vehicles can get back on the road quickly in case of mechanical breakdowns, reducing business disruptions.
  10. Rental Reimbursement Insurance
  • Covers the cost of renting a replacement vehicle if your goods-carrying vehicle is being repaired due to a covered incident. This first-party coverage ensures that your business continues operating smoothly without interruptions.


Why Choose PolicyInstant for Goods Carrying Vehicle Insurance?

At PolicyInstant, we specialize in providing tailored commercial vehicle insurance policies for businesses that operate goods-carrying vehicles. Our comprehensive coverage options, including first-party and third-party insurance, ensure that your vehicles, cargo, and operations are fully protected from financial risks. Whether you’re a small delivery service or a large logistics company, we offer the right policies to meet your needs.


Get a Free Quote for Goods Carrying Vehicle Insurance with PolicyInstant

Protect your business with goods carrying vehicle insurance from PolicyInstant. Get a free insurance quote today and ensure your vehicles and cargo are covered against unforeseen risks. With the right commercial auto insurance, you’ll have peace of mind knowing that your business is protected, no matter where your vehicles travel.

Commercial vehicle insurance claim process :-

Motor Insurance Claim Process: A Complete Guide by PolicyInstant

Filing a motor insurance claim with PolicyInstant is simple, fast, and hassle-free. Whether you’ve been in an accident, your car was stolen, or you need to make a claim for third-party damages, we are here to guide you through every step. Our dedicated team at PolicyInstant ensures your claim process is seamless, so you get back on the road quickly.


Step-by-Step Guide to Filing a Motor Insurance Claim

Here’s how you can easily navigate the motor insurance claim process with PolicyInstant:


1. Report the Incident

Immediately after an accident or theft:

  • Ensure Safety: Your safety comes first. Move to a safe place, check for injuries, and call emergency services if necessary.
  • Report to the Police: If the incident involves theft, third-party damage, or bodily injury, file an FIR with the local police. The FIR will be required for claim processing.
  • Document the Damage: Take photos of your vehicle, the scene of the accident, and any third-party vehicles involved. These will help during the claim evaluation process.


2. Inform PolicyInstant

Once you’re safe, contact PolicyInstant to report the claim. You can reach us via:

  • Our 24/7 helpline
  • The PolicyInstant app for faster claim submission

Provide details such as your motor insurance policy number, the date and location of the incident, and a description of the damage.


3. Submit Your Motor Insurance Claim

To officially file your insurance claim, you’ll need to provide specific documents:

  • Duly Filled Claim Form: Available on the PolicyInstant website or app.
  • FIR Copy: Required in cases of third-party claims or theft.
  • Driver’s License and Vehicle Registration Certificate: Make sure they’re up-to-date and submitted along with the claim form.
  • Repair Estimates: A repair estimate from the garage for vehicle damages.
  • Photos of Damages: Clear images of your vehicle’s damages will help in claim assessment.


4. Survey and Inspection

After you submit your claim, PolicyInstant will appoint a surveyor to inspect the vehicle and assess the damage. This survey ensures that you get the right compensation or approval for repairs. The surveyor may visit the garage where your car is or the accident site.


5. Choose Between Cashless Repairs or Reimbursement

PolicyInstant offers two options for repairs based on your motor insurance coverage:

1. Cashless Motor Insurance Claims:

  • Visit one of PolicyInstant’s network garages to get your vehicle repaired.
  • The insurance company settles the bill directly with the garage.
  • You only pay the deductible or any costs not covered by the policy (like depreciation).


2. Reimbursement Claims:

  • Get your vehicle repaired at a non-network garage.
  • Pay for the repairs upfront and submit the bills to PolicyInstant.
  • We will reimburse you after the claim assessment, as per your motor insurance policy coverage.


6. Claim Settlement

Once the survey and repairs are completed, PolicyInstant will process the claim. You’ll receive compensation as per your policy terms, whether it’s a cashless settlement or a reimbursement. We ensure the entire process is smooth, and you are back on the road quickly.

Common Motor Insurance Claims

  • Accident Claims: Coverage for damage to your vehicle caused by a collision.
  • Theft Claims: In case of vehicle theft, file an FIR immediately and notify PolicyInstant to initiate the claim process.
  • Third-Party Insurance Claims: Covers damages or injuries caused to others due to an accident involving your vehicle.
  • Own Damage Claims: If your vehicle is damaged due to natural calamities, fire, vandalism, or accidents, comprehensive insurance will cover the repairs or replacement.


Why Choose PolicyInstant for Your Motor Insurance Claims?

At PolicyInstant, we prioritize:

  • Fast Claim Processing: We understand the urgency of getting your vehicle back on the road. Our efficient team processes claims quickly and ensures timely payouts.
  • Cashless Network Garages: With an extensive network of cashless garages, you don’t have to worry about paying upfront.
  • 24/7 Assistance: Our customer support team is available round the clock to assist with the claim process.


Get a Free Motor Insurance Quote with PolicyInstant

Whether you need third-party insurance, comprehensive coverage, or a customized motor insurance policy, PolicyInstant has you covered. Our expert team will help you select the right plan and ensure that your claims are processed swiftly when needed.

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