Kotak Commercial Vehicle Secure Goods Carrying Vehicle Policy

• Loss/damage cover for the vehicle insured
• Cover towards liability to third parties
• Personal accident cover for owner cum driver
• Cover for towing disabled vehicles
• No Claim Bonus is available
• Efficient claims handling
• Enjoy cashless claim service at authorized garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 2 lakhs is payable towards personal accident cover during any one period of insurance.

Towing Cover

While the insured vehicle is being used for towing a mechanically disabled vehicle, this cover provides benefits towards third party liability in respect of such towed vehicle, subject to the terms as applicable under the policy schedule.

No Claim Bonus

In case of a claim-free policy year, No Claim Bonus (NCB) is payable as 20%, 25%, 35%, 45% & 50% and it is offered on policy renewal. No Claim Bonus will be applicable, in case the policy is renewed within 90 days from the expiry date of the previous policy.

No additional cover can be opted under this policy.

Following are the conditions that are not covered under this policy:

• General ageing, wear and tear
• Mechanical or electrical breakdown & failure
• Vehicle is used outside the geographical area
• Any claim arising out of contractual liability
• Vehicle being used other than as specified under ‘Limitations as to Use’
• Loss/damage attributable to war, mutiny, nuclear risks
• Loss/damage outside India
• Partial theft, etc.