For Any help You can Whatsapp on 9667441406
Piaggio porter is a Goods Carrying Vehicle. Its comes in many varient .
Goods Carrying Vehicle is a type of Commercial Motor Vehicle (CMV) , That is used to transport any goods, for the profit of any person or company or business. Commercial Vehicle always use for commercial or business use, not for personal use. The Registration plate or No. plate of commercial vehicle can only be yellow or green , not white .
Commercial Vehicle Insurance is a motor insurance policy that gives you peace of mind and coverage for damage and losses to commercial vehicle and person Cause by any accidents, natural calamities, fire, theft etc.
Q. Why Do You need insurance ?
1. Getting insurance of Commercial vehicle is Legally mandatory by
Government, under motor vehicle act 1988 .
2. For avoiding chalan and fine by traffic police or RTO.
3. For Coverage of Your own damage Vehicle.
4. For Coverage of Third party Property Damage or liability .
5. For Coverage of Third party person Damage.
6. For Coverage of Owner driver or paid driver or cunductor or cleaner.
7. For Any Rto Work like pollution or Fitness Certificate ( FC ) , Ownership
Transfer, sell or purchase of any Vehicle etc .
8. IF You Driving a vehicle Without Insurance and Any Accident happen and
if any person will die then you will be Charged as murder. But , if you have
insurance then the case will be registered as accident , not murder.
There are many vehicle comes under commercial goods carrying vehicle catagory like -
1. Pickup or small truck or semi truck
2. Three Wheeler Goods Auto or delivery van
3. Light Commercial vehicle (LCV) or Light Goods Vehicle (LGV)
4. Medium Commercial vehicle (MCV) or Medium Goods Vehicle (MGV)
5. Heavy Commercial vehicle (HCV) or Heavy Goods Vehicle (HGV)
6. Truck, trailler, tipper or dumper, tanker, transit mixer etc.
7. Goods Carrying Tractor
Some Example of Goods Carrying Vehicle are - Tata Ace pickup , Tata Yodha,
Tata Winger cargo, Tata 207, Tata 407, Tata 3518 , Mahindra Bolero Pickup,
Mahindra Bolero maxi truck, Mahindra Bolero Camper, Mahindra Supro, Jayo Loadking, Jeeto, Maximo, Furio , Ashok leyland Dost, Maruti Super carry, Maruti
Eeco Cargo, piaggio porter, Truck , Tanker , trailler, tipper or dumper, Goods Carrying tractor, Eicher, Toyota, sml isuzu, jupiter, force etc.
Document Required for Insurance of Vehicle-
1. Registration Certificate ( RC ) For Old Vehicle and Invoice Copy Or
Purchasing Bill For Brand New Vehicle.
3. For Old Vehicle , Last Year Insurance Copy ( if available). For Brand New
Vehicle Last year Insurance copy is not Required.
4. KYC Document of Owner ( Aadhar card or Pan card or Voter Id or Passport
or Driving LIcence etc. )
Type of Commercial Goods Carrying Vehicle Insurance-
1. Comprehensive or First Party or Own Damage
2. Third party or Liability
Detailed Coverage in Comprehensive Or First Party Insurance -
1 . Own Damage - In comprehensive or first party or own damage policy , your own vehicle is covered. It means, any damage or loss to your own vehicle is covered up to your vehicle insurance declared value (IDV) or Market price or current price of the Vehicle, that mentioned in your policy document. You will get money or repairing cost of vehicle by insurance company .
In only third party or liability insurance your own vehicle damage is not covered.
For New vehicle or vehicle with good condition, we prefer comprehensive policy .For old Vehicle we Prefer Third Party Insurance.
In comprehensive or first party insurance your own vehicle is covered if any loss or damage happen by following reasons -
( i ) By accident ( दुर्घटना, हादसा ) - Internal or External damage, mechanical or
electrical breakdown , wear and tear, failure or breakrages due to accident .
( ii ) By fire ( आग ) or explosion ( विस्फोट ) or blast ( धमाका )
( iii ) By self ignition ( स्वयं जलना ) or automatic fire
( iv ) By theft ( चोरी ) or burglary ( सेंध ) or house breaking ( डकैती )
( v ) Malicious act ( द्वेष पूर्ण )
( vi ) By Terrorist activity ( आतंकी गतिविधि )
( vii ) Damage whilst in transit by road, rail, inland waterway, lift, elevator or
air (सड़क, रेल, अंतर्देशीय जलमार्ग, लिफ्ट, एलिवेटर या हवाई मार्ग से जाने के दौरान )
( viii ) . Riot ( दंगा ) or Strike (अचानक हमला, हड़ताल )
( ix ) . By any Natural Calamities ( प्राकृतिक आपदा ) like Lightning ( तड़ित ) or
Thunderstorm ( आसमान की बिजली ) or Earthquake ( भूकंप ) or Flood ( बाढ़ ) or
Inundation ( जल प्लावन ) or Typhoon ( प्रचंड तूफान ) or Hurricane ( तूफान ) or
Storm ( बवंडर ) or Tempest ( आंधी, सागर का तूफान ) or Cyclone ( चक्रवात् ) or
Hailstorm ( बारिश के ओले ) or Frost ( आकाश से बर्फ गिरना ) or Landslide ( भूस्खलन )
Rock slide ( पत्थर का खिसकना ) etc.
2. Liability or Third party - In Commercial Vehicle Insurance , third party or
Liability is covered. It means any other Third Party Property Damage
( TPPD ) Like Vehicle, Home, Shop or any property is covered upto 7.5 lac.
3. Liability to Person - In Commercial Vehicle Insurance , third party Person
is covered. It means Bodily damage or Death of any third party person is
covered to unlimited .
4. PA Cover - In Commercial Vehicle Insurance , You can take Personal
Accident Cover (PA Cover ) with vehicle Insurance . PA Cover Available For
Owner Driver, Paid Driver, Conductor, cleaner and Unnamed Passenger .
For PA Cover for Paid Driver, Conductor, cleaner and Unnamed Passenger
You Have to Pay some extra premium like 60 Rupees for 1 Lac coverage
and 100 Rupees for 2 lac Coverage.
For PA cover for Owner Driver You have to pay Extra 330 Rupees
For 15 lacs Coverage.
If Owner of The Vehicle have another Life Policy or He Doesn't
hold Valid driving Licence then he can skip PA Cover for owner Driver.
Personal Accident Cover ( PA cover ) -
5. Legal Liability Cover- In Commercial Vehicle Insurance , Legal Liability for
Paid Driver , conductor, cleaner, Non Fare paying passengers, Loading
employee is covered. You Have to Pay 50 rupees For legal Liabilty
coverage.
6. Add on cover- In Commercial Vehicle Insurance , You can take Some
Add on Cover with vehicle Insurance Like Imt-23 and Zero dep or Nill
Depreciation.
( i ) Imt- 23 - Indian Motor Tarrif ( IMT ) 23 gives coverage for Lamp ,Tyre,
Tube, Bumper, Mudguard. You have to pay some extra premium for Imt
- 23 coverage .
( ii ) Zero depreciation - Zero depreciation or 0 dep or nill depreciation or
Parts depreciation or Bumper to Bumper is an add on that you take with
your insurance. You have to pay some extra premium for Zero
depreciation coverage . If You Take Zero depreciation cover then You
have to Pay only file Charge At the time of claim.
Zero depreciation only valid for vehicle that age Upto 5 years old.
7. NCB - The customer will get No Claim Bonus ( NCB ) on Own Damage
Premium in Comprehensive or First party Policy, if No claim is made or
Pending During last year As per Following -
No claim bonus ( NCB ) only Given by company If Policy is Renewed Before Expiring Last year Policy or Within 90 days after expiring last year policy.
NCB will not given if Customer buy insurance after 90 days of the last year policy.
If customer take policy after 90 days or customer made any claim in last year insurance then the NCB start from 0 % .
Detailed Coverage in Third party or Liabilty Insurance -
1. Third party Liabilty - In only third party or liability insurance your own vehicle damage is not covered. It means, any damage or loss to your own vehicle is not covered You will not get money or repairing cost of vehicle by insurance company for your own vehicle. You will Only get money for Third Party Property Damage ( TPPD ) Like Vehicle, Home, Shop or any property and Third party person damage upto 7.5 lacs
For New vehicle or vehicle with good condition, we prefer comprehensive policy . For old Vehicle we Prefer Third Party Insurance.
2. Liability to Person - In Commercial Vehicle Insurance , third party Person
is covered. It means Bodily damage or Death of any third party person is
covered to unlimited .
3. PA Cover - In Commercial Vehicle Insurance , You can take Personal
Accident Cover (PA Cover ) with vehicle Insurance . PA Cover Available For
Owner Driver, Paid Driver, Conductor, cleaner and Unnamed Passenger .
For PA Cover for Paid Driver, Conductor, cleaner and Unnamed Passenger
You Have to Pay some extra premium like 60 Rupees for 1 Lac coverage
and 100 Rupees for 2 lac Coverage.
For PA cover for Owner Driver You have to pay Extra 330 Rupees
For 15 lacs Coverage.
If Owner of The Vehicle have another Life Policy or He Doesn't
hold Valid driving Licence then he can skip PA Cover for owner Driver.
Personal Accident Cover ( PA cover ) -
4. Legal Liability Cover- In Commercial Vehicle Insurance , Legal Liability
for Paid Driver , conductor, cleaner, Non Fare paying passengers, Loading
employee is covered. You Have to Pay 50 rupees extra For legal Liabilty
coverage.
Exclusion or not covered in Goods Carrying Vehicle insurance -
The company shall not be liable to make any payment in Following case-
1. Overloading or strain ( क्षमता से ज्यादा भार डालना )
2. Burglary, Housebreaking or theft at the accident time ( एक्सीडेंट के समय वाहन
का गायब या चोरी हो जाना )
3. Tyre or tube damage without vehicle accident or damage.
4. Without driving valid driving licence or knowledge.
5. If driver drives the vehicle by intoxicating ( नशा करना ) any Alcohol or Drugs
etc.
6. If accident happens outside geographical area.
7. Mechanical and electrical breakdown without accident etc .
Price or Premium of Insurance for Good Carrying Commercial Vehicle-
Price or Premium of Insurance for Good Carrying Commercial Vehicle is depend on Insurance Type and Gross Vehicle Weight ( GVW ) or Registered Laden Weight ( RLW ) of Vehicle .
For check premium or price click on above View Quote or Buy Button after entering Name, Vehicle Registration no. and Phone no.
You Can also send vehicle Rc on Whatsapp on 9667441406 .
Our employee Will call and Help You .
Deduction for depreciation at the rates of parts -
1. For all rubber or nylon or plastic parts, Tyre and Tubes, Battery and Airbag
- 50 %
2. For fibre glass component - 30 %
3. For all parts made of glass - Nil .
4. Rate of depreciation for painting -
in case of painting, the depreciation rate of 50 % Shall be applied only on the material cost of total painting charges. In case of a consolidate bill for painting charge the material component shall be considered as 25% of the total painting charges for the purpose of applying the depreciation.
5. Rate of depreciation for all other parts including wooden parts will be as per the following schedule -
Depreciation of Insurance Declared Value ( IDV ) of Vehicle-
Company which provides Goods carrying Vehicle Insurance -
1. Go digit General Insurance Company Limited
2. Bajaj Allianz General Insurance Company Limited
3. IFFCO Tokio General Insurance Company Limited
4. National Insurance Company Limited
5. The New India Assurance Company Limited
6. The Oriental Insurance Company Limited
7. Reliance General Insurance Company Limited
8. Liberty General Insurance Company Limited
9. SBI General Insurance Company Limited
10. Universal Sompo General Insurance Company Limited
11. HDFC Ergo General Insurance Company Limited
12. TATA AIG General Insurance Company Limited
13. ICICI Lombard General Insurance Company Limited
14. United India Insurance Company Limited
15. Royal Sundaram General Insurance Company Limited
16. Cholamandalam MS General Insurance Company Limited
17. Future Generali India Insurance Company Limited
18. Shriram General Insurance Company Limited
19. Raheja QBE General Insurance Company Limited
20. Magma HDI General Insurance Company Limited
21. Kotak Mahindra General Insurance Company Limited
22. DHFL General Insurance Company Limited
23. Acko General Insurance Company Limited
24. Zuno General Insurance Limited (Formerly known as Edelweiss General Insurance Company Limited)
