What is Miscellaneous Vehicle Insurance?
Miscellaneous vehicle policy is an insurance contract covering vehicles which are used for any special purpose like ambulances and tractors. It gives cover for your vehicle in case of an accident or damage due to a natural or manmade disaster. In addition to coverage for vehicle, it also covers for third party person and property damages.
Ambulance, Cranes, Tractors, Excavators and Drilling Rigs are some of the examples for Miscellaneous vehicles.
Who should buy Miscellaneous Vehicle insurance?
As per Motor vehicle Act, it is mandatory to have at least third-party insurance for every vehicle. It is in best interest of insured to have a comprehensive insurance (damage to vehicle + third party liability) to protect from the financial loss in case of damage to vehicle due to accident or collision. As these are specialised vehicle's insurance is all the more important since it will also impact the projects / specialised service where they are being used.
Features of Miscellaneous vehicle Insurance
Features of Miscellaneous vehicle insurance offered by Zuno General Insurance
Own Damage Cover
Covers loss or damage to your vehicle due to any accident
Third Party Cover
Covers liability towards third-party individuals (bodily injury and death) and their property
Personal accident Cover
Covers compensation for your driver and co-passengers (on payment of additional premium) in event of injury/death due to an accident involving your vehicle
Why should you buy Miscellaneous vehicle insurance?
Zuno Miscellaneous vehicle insurance policy provides you with more than just mandatory third-party coverage. It gives complete protection for you and your vehicle, against the financial cost of replacing a lost vehicle or repairing a damaged one. It also offers coverage for any injury to your passengers (on payment of additional premium). When you purchase a policy from Zuno, you get coverage from a company that understands your unique needs.
Miscellaneous vehicle Insurance Plans
Third Party Miscellaneous vehicle Insurance Only
This policy is mandatory as per law. Under this any liability towards third party person and property will be covered. Any loss or damages to your vehicle is not covered.
Package / Comprehensive Miscellaneous vehicle Insurance
Under comprehensive policy in addition to third party damages, any damages and losses to your vehicle will also be covered.
What is covered in Miscellaneous vehicle insurance?
Damages to your vehicle due to any accident, collision or natural disasters
Theft of your vehicle
Personal accident Cover for your paid driver on payment of additional premium
Legal liability coverage for the damage caused to a third party (property or person’s bodily injury/death) by your vehicle
What is not covered in Miscellaneous vehicle insurance?
Consequential loss
Depreciation and wear and tear damages
Mechanical and electrical breakdown; failure or breakage
When vehicle is used outside the geographical area
When driven by a person other than the driver stated in driver’s clause
When driven by a person driving the vehicle without a valid License
When driven by a person driving the vehicle under the influence of drugs or liquor
War perils and nuclear perils
*PLEASE REFER TO INSURANCE POLICY DOCUMENTS FOR MORE INFORMATION*
Why buy from Us
We settle things quick
Quick turnaround time for claim settlement
Minimum documentation required
Minimal documents to be submitted at the time of policy issuance and claim settlement
Hassle-free claims settlement
We settle claims as quickly as possible with minimal paperwork.
How to claim Miscellaneous vehicle insurance?
Met with an accident? Call us on Toll free 1800 12000 or Paid landline 022 423 12000
We’ll need a few details , so you will want to keep your documents handy
Sit back and relax while we settle your claim
Already moved your vehicle to the workshop? That's perfectly ok! Simply call us and we'll guide you with your claim..
Making sense of common insurance jargon
IDV (Insured Declared Value)
This is the maximum Sum Assured on your policy. This gets fixed at the start of your policy and is the maximum amount that can be paid for a claim.
NCB (No Claim Bonus)
That’s what they call the discount you get on your renewal premium, if you haven’t claimed in the past year.
For the first claim-free year, you can get a 20% discount. It can go up to 50% if you don’t claim for 5 years in a row.
Depreciation
The steady decrease in the value of your vehicle over the years. When you buy a policy, your vehicle’s value is figured out based on its depreciation. Older the vehicle, higher the depreciation.
Different Types of Miscellaneous vehicles and Their Uses
·Primarily used for farming activities with multiple attachments like a harvester
Used for construction of roads and laying foundations.
A machine used to lower and pick up heavy materials in construction.
A vehicle used to take injured people to and from hospital that is equipped with emergency facilities
Miscellaneous vehicle Insurance FAQ’s
Is there anything specifically that my insurance policy doesn’t cover?
The policy doesn’t cover the wear and tear of vehicle parts and damages caused to your vehicle due to war and nuclear perils. Don’t forget to check the inclusions and exclusions in your policy for the specifics.
What is the maximum NCB I can avail of?
The highest NCB you can enjoy will be 50% discount on your own damage insurance premium. Of course, this is only applicable if you have not made a claim in the preceding 5 years.
What type of vehicles are covered under Miscellaneous vehicle policy?
It covers vehicle used for special purposes like ambulances, tractors, cranes, hearses, excavator, drilling rig, road roller etc
How do I register claim in Miscellaneous vehicle insurance?
Simply call us on Toll free - 1800 12000 / Paid landline - 022 423 12000 or mail us at support@hizuno.com and we’ll guide you through everything.