Auto rickshaw is a kind of commercial vehicle insurance that offers protection against the loss and damages to the vehicle against fire, theft, accident, natural calamity, and so on. This is very important in keeping your vehicle in good condition.
What are the different types of auto rickshaw insurance?
There exist mainly two types of auto rickshaw insurance. Let’s have a look at the types below-
- Liability only policy
This is basically a third-party insurance policy that provides protection to auto-rickshaw owners from liabilities or damage that may take place against any kind of accident or natural calamity. This insurance policy provides death and disability coverage to the owner if it is caused by any accident by the insured auto.
- Comprehensive policy
This kind of policy covers both third-party damage and liability of the insured auto and its driver.
Is it really important to buy auto rickshaw insurance?
As per Motor Vehicle Act Law, it is necessary for all auto-rickshaw owners to buy third-party liability insurance for their autorickshaws. Without proper insurance coverage, they won’t able to place any claim for the vehicle in the future and have to suffer the loss.
What is covered in auto rickshaw insurance?
This auto rickshaw insurance policy provides coverage to insured vehicles. It provides coverage against any kind of loss and damage to the insured auto rickshaw if it arises from
- Lightning, explosion, or fire
- Natural calamities like storms, floods, typhoons, etc
- Theft and burglary
- Other types of damaged mentioned in the document
What are third-party liabilities?
This insurance policy provides coverage for the following damages include
- Property damage of the third party
- Body injuries to the third party
- Death of the third party
Towing disabled vehicles
Damages caused to the insured auto where it is towed are covered in the policy.
Personal accident
If an auto-rickshaw driver faces injury or death due to any accident caused by the insured auto rickshaw, the driver will get the coverage of the insurance policy. However, it is important that the driver must be the registered owner of the vehicle and must possess a valid license.
What will not be covered by auto rickshaw insurance?
- If the auto-rickshaw driver drives the vehicle under the influence of alcohol
- If any attempt is taken deliberately to claim an insurance
- Driving an auto rickshaw without any valid driving license
- If the driver shows negligence in driving the vehicle
What is bolero pickup insurance?
Bolero pickup insurance is a kind of commercial vehicle insurance that offers coverage against damages to insured bolero vehicles in case of any theft, accident, fire, natural disaster or mishaps take place.
Conclusion
From the above discussion, hope you get a clear idea about auto rickshaw insurance and its features. If you have an auto-rickshaw, you must opt for auto rickshaw insurance to avoid facing loss caused by any accident or so.
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