Accidents
Accidents are uncertain. Did your vehicle get damaged due to an accident? Don’t panic! We cover it!
Fire & Explosion
Boom! Fire may hamper your vehicle partially or totally. Whatsoever be the loss due to Incidents of fire and explosion, do not worry we can handle it!
Theft
Your vehicle got stolen? Sounds quite unfortunate! Before you fret over it, let us inform you we will secure it!
Calamities
Havoc due to earthquake, landslide, floods, riots, terrorism etc. may take a toll over your vehicle. Stay calm, as we stay undeterred near you by protecting your vehicle from natural and man made calamities.
Personal Accident
In case of injuries due to vehicle accidents, we cover all your treatments and make sure you are healthy and lively above anything else! We also offer coverage to your co-passengers with a slight change in the premiums!
Third Party Liability
Any accidental death or bodily injuries caused to the third party by the policyholder who is at fault is covered. The policy also covers all the damages done to any kind of third party property.
Depreciation
We do not cover depreciation in the value of the goods carrying vehicle over time.
Electrical & Mechanical Breakdown
Any electrical or mechanical breakdowns remain uncovered under our goods carrying vehicle insurance policy.
Illegal Driving
Your goods carrying vehicle insurance goes out of action if you do not possess a valid driving license. Driving under the influence of drugs/alcohol remains out of car insurance coverage scope.
for Commerical Vehical Insurance
Comprehensive insurance policy provides protection to your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage.
As per Law, only third patry of liability only policy is required without which one cannot use the vehicle on road. However, under third party of liability only policy, any damage to your vehicle due to fire, theft, earthquake, terrorism etc is not covered and it could result into a huge financial loss. Therefore, it is recommended to buy a comprehensive cover as it provides financial protection along with protection from third party liability.
There are two type of insurance policies - comprehensive and liability only policy.
Quite simply, it's a discount in the Own Damage Premium payable when renewing your policy after a claim-free year. It is an incentive for driving carefully and avoiding accidents.
| All types of Vehicles | % of Discount on Own Damage premium |
|---|---|
| No claim made or pending during the preceding full year of insurance | 20% |
| No claim made or pending during the preceding 2 consecutive years of insurance | 25% |
| No claim made or pending during the preceding 3 consecutive years of insurance | 35% |
| No claim made or pending during the preceding 4 consecutive years of insurance | 45% |
| No claim made or pending during the preceding 5 consecutive years of insurance | 50% |
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ and it will be fixed at the commencement of each policy period for each insured vehicle. The IDV of the vehicle is to be fixed on the basis of the manufacturer’s listed selling price of the brand and the model of the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.
| AGE OF THE VEHICLE | % OF DEPRECIATION FOR FIXING IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
You need to approach the insurer with supporting documents for transfer of insurance. Supporting documents would include sale deed/form 29/30/NOC of seller.
You may register a claim either on HDFC ERGO’s website or via call centre.
Call Now!