What does the policy cover?
a) Loss or damage to your vehicle due to:
- Riot and strike
- Earthquake
- Malicious act
- Terrorist activity
- Landslide, rockslide
- Accident (external means)
- Burglary, housebreaking and theft
- Inundation cyclone, hailstorm and frost
- Fire explosion, self-ignition or lightning
- Flood, typhoon, hurricane and storm
b)
Third-party car insurance, which protects you against any losses or damages caused to a third party because of your insured vehicle
c) Additional towing cover for commercial vehicles
- This cover shall pay in excess of what is provided in tariff for towing charges incurred by the insured in case of an accident
- Tariff provides for INR 750 for three wheeled vehicles, INR 1500 for taxis and INR 2500 for any other commercial vehicles
- Maximum limit that can be opted by you over and above what is mentioned (in point 2) is as per the following table:
|
Class of Vehicle |
Maximum Limit (in ₹) |
| Goods Carrying Vehicles (3 Wheelers) | 5,000 |
| Goods carrying vehicles (other than 3 Wheelers) | 25,000 |
| Passenger Carrying Vehicles (Taxies) | 5,000 |
| Passenger Carrying Vehicles (3 wheelers) | 5,000 |
| Passenger Carrying Vehicles (other than 3 wheelers & Taxies) | 25,000 |
| All miscellaneous & special vehicles | 1,00,000 |
- Premium is 10% of the Sum Insured limit opted by insured.
What does the policy not cover?
- Loss or damage due to war or nuclear risks
- Deductible as stated in your policy
- Loss or damage due to ionising radiation
- Vehicle driven by someone other than the driver, as stated in the Driver's Clause.
- Accidental loss, damage or liability occurring outside the defined geographical area for the vehicle
- Vehicles being used other than in accordance with the limitations as to use. For example, if you use a private vehicle for commercial purposes.
- Consequential loss - if the original damage causes subsequent damage / loss, only the original damage will be covered.
*T&C apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording carefully before concluding a sale. Details mentioned here are for the product- Reliance Commercial Vehicles Package Policy, UIN: IRDAN103RP0012V02100001
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