Escorts Crane Insurance

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All About Escorts Crane Insurance

An Escort Crane insurance policy provides financial protection against unforeseen risks such as road accidents, fires, and natural & man-made calamities. It is legally mandatory to have at least a third-party insurance as per the Motor Vehicles Act, 1988. However, policyholders also have the option to opt for add-on covers and increase the coverage of their policy.

Reasons to Buy Escorts Crane Insurance Policy

Here are some considerable reasons to purchase an Escorts Crane insurance policy for your Crane-

Mandatory as per Law- In India, as per the Motor Vehicle Act 1988, it is compulsory to have a commercial vehicle insurance policy to legally ply on Indian roads.
Covers all the Financial Liability- An Escorts crane insurance policy offers financial protection against the financial liability caused due to unforeseen road emergencies, such as accidents, collision, theft, fire, etc.
Personal Accident Cover- Owners-drivers also get a Personal Accident Cover of up to ₹15 lakhs to cover death. disablement, and injury.
Easy to Purchase and Renew- Purchasing or renewing your Escorts Crane insurance online is a simple and easy process. It is easy to compare multiple plans and choose the one from Policybazaar.com.

Types of Escorts Crane Insurance Policy

Usually, you can buy two types of Escorts Crane insurance policies, which are discussed below-

Escorts Crane Third-party Insurance: As per the Indian Motor Laws, it is compulsory to have a third-party commercial vehicle insurance for all the commercial vehicles. This type of insurance covers damages caused to third-party property, person, or vehicle in a road accident.
Escorts Crane Comprehensive Insurance: A comprehensive commercial vehicle insurance policy, the insurer will provide compensation for both damages caused to the insured vehicle as well as all third-party liabilities. Policyholders can also buy add-on covers to further extend the coverage of an Escorts crane insurance.

Damages caused due to the natural calamities like landslides, cyclones, floods, earthquakes, etc.
Damages caused due to several disasters like strikes, fire, explosions, terrorism, riots, etc.
Losses incurred due to theft or fire
All accidental damages
All third-party liabilities

Damages caused due to regular wear or tear
Losses caused to the insured crane if the driver was under the influence of alcohol or any other intoxicating substance
Losses or damages incurred when the driver was not holding a valid commercial vehicle insurance policy, Driving License (DL), Registration Certificate (RC) of the Crane, and PUC certificate.
Damages or losses arising out of the contractual liabilities
Any damages caused to the insured Crane outside the geographical boundaries mentioned in the policy documents

How to Buy Escorts Crane Insurance Online?

Follow the steps mentioned below to buy or renew an Escorts crane insurance online from Policybazaar Insurance Brokers Private Limited (Policybazaar.com):

Click on the 'Commercial Vehicle Insurance' from the homepage.
Enter the vehicle details and all the relevant information and click on submit.
All the available plans will be displayed. Choose the most suitable plan and submit the form.
Pay the premium and the Escorts Crane insurance policy will be issued and mailed at the registered address.

How to File A Claim Under Escorts Crane Insurance?

To raise a claim under an Escorts Crane insurance, policyholders must follow the steps mentioned below:

Inform the Insurance Provider: Intimate the commercial vehicle insurance company about the damages caused to the insured crane.
Surveyor Assessment: After the intimation, the insurer will assign a surveyor to inspect the situation & estimate the cost of damages to repair the insured vehicle.
Document Submission: Submit all the required documents for completing the claim verification process.
Repair and Settlement: The damaged Crane will be sent to an authorized network garage for repairs. Once the repairs are done, the insurer will settle down the claim directly with the authorized garage.

Documents Required to Raise a Claim Under Escorts Crane Insurance

Here is a list of required documents that policyholders must submit to raise an Escorts Crane insurance claim:

Duly filled claim form
Copy of driving license
Copy of registration certificate
Copy of PUC certificate
Copy of the commercial vehicle insurance policy
Police FIR in case of the third-party damages or theft
Bills and invoice

FAQs

Q1: How can I reduce the premium for my Escorts Crane insurance policy?
Ans: To reduce the premium amount of your Escorts Crane insurance, you can follow the below steps-
- Compare multiple plans before purchasing
- Try to accumulate an NCB discount by driving safely
- Install the anti-theft devices in your Escorts Crane
- Avoid modifications as external accessories are not covered in a standard policy
- Try to choose only relevant add-on covers for your vehicle
Q2: Can I compare and buy commercial vehicle insurance online for my Escorts Crane?

Ans: Yes, you can easily compare and buy commercial vehicle insurance from Policybazaar.com online after comparing multiple policies from various insurers and select the one that best fits your needs.
Q3: How can I check the status of my Escorts Crane insurance?

Ans: You can check the status of your insurance policy from the insurer website or by using your Policybazaar account online.
Q4: What is included in the IMT 23 add-on cover?

Ans: The IMT 23 add-on cover is specifically designed for a commercial vehicle and helps to cover the damages caused to uninsured items, such as tyres, tubes, bonnets, bumpers, mudguards, paintwork, and lamps.
Q5: Do I need any documents to renew my commercial vehicle insurance policy?

Ans: No, you do not need any documents to renew your commercial vehicle insurance online from Policybazaar Insurance Brokers Private Limited. You can easily renew your insurance policy from your vehicle problem.