Escorts Crane Insurance

Escorts Crane Insurance Overview

The Escorts Crane is a material-handling machine, which is used primarily for lowering, transferring or lifting several materials. This commercial vehicle is enough to lift the luggage or cargo and is also available in various variants.

With an Escorts Crane insurance policy, a policyholder gets financial coverage against multiple unforeseen damages or losses sustained by their Crane. These damages may arise from the events like road accidents, explosions or any natural disaster.

Thus, if you are looking to buy an Escorts Crane for your construction business, you should consider buying a commercial vehicle insurance policy as well.

Escorts Crane Insurance Price List

Disclaimer*: The Escorts Crane insurance for different models depends on several factors like No Claim Bonus, IDV of the crane, type of coverage, etc.

Reasons to Buy Escorts Crane Insurance Policy

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

1. Mandatory Purchase- In India, as per the Motor Vehicle Act 1988, it is compulsory to hold a commercial vehicle insurance policy for all commercial vehicle owners. Therefore, if you want to drive your vehicle legally in India, you must have a valid commercial vehicle insurance policy for your Escorts Crane.
2. Covers all the Financial Liability- An Escorts crane insurance policy offers you financial protection against the financial liability that you might face due to various unforeseen road emergencies like accidental collision, theft, etc.
3. Personal Accident Cover- Having an Escorts Crane insurance means you will also cover the owner/driver of the crane by obtaining the compulsory Personal Accident Cover.
4. Easy to Purchase and Renew- Purchasing or renewing your Escorts Crane insurance online is a quite simple and easy process. You can easily 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-

1. Escorts Crane Third-party Insurance

   As per the Indian law, it is compulsory to have third-party liability insurance for all the commercial vehicle owners. If you own an Escorts Crane, make sure that you have at least third-party liability cover to protect any third-party property, person, or vehicle in a road mishap.

   This plan also provides financial coverage if a third party gets injured or dies in a road accident. Since Escort Crane is a heavy-duty vehicle used for transferring goods that automatically increases the liability hence covering them under third-party liability cover should be your priority.

2. Escorts Crane Comprehensive Insurance

   By having an Escorts Crane comprehensive insurance policy, your insurer will provide compensation for the damages to your own Escorts Crane due to several unpredicted instances like collisions, theft, fire, road accidents, etc. Moreover, it also provides the third-party liability cover in case of damages to third-party.

Inclusions of Escorts Crane Insurance Policy

Your Escorts Crane insurance policy covers the following damages-

• Any damages caused to the insured Crane due to the natural calamities like landslides, cyclones, floods, earthquakes, etc.
• Any damages caused to the insured Crane due to several disasters like strikes, fire, explosions, terrorism, riots, etc.
• Loss of the insured Crane due to housebreaking or fire explosion
• Any damages to the insured Crane in case of an accident
• Any damages or losses when the insured Crane is stolen or is a total loss
• Any coverage for the third-party liabilities such as disability, death or property damage of third party.

Escorts Crane Insurance: Add-ons

An add-on cover provides additional coverage to the policyholders by paying an extra premium amount. It extends the policy coverage and helps the vehicle owner to deal with several unforeseen situations. Some of the add-ons available with your Escorts Crane insurance policy are mentioned below-

1. Roadside Assistance Cover
2. Zero Depreciation Cover
3. NCB Protection Cover
4. Consumables Cover
5. Return to Invoice Cover
6. IMT 23 Cover
7. Legal Liability to Paid Driver Cover
8. Personal Accident Cover

Exclusions of Escorts Crane Insurance Policy

Here is a list of the exclusions where you won't be compensated for any losses under your Escorts Crane insurance-

• Any damages caused due to regular wear or tear
• Any damages caused to the insured Crane when the driver was under the influence of alcohol or any other intoxicating substance
• Any damages found in an insured Crane 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?

By following the below steps, you can easily buy the Escorts Crane insurance online from Policybazaar Insurance Brokers Private Limited (Policybazaar.com)

• Click on the 'Commercial Vehicle Insurance' from the 'Insurance Products' drop-down menu
• Enter your name & mobile number and then proceed further to get the insurance quotes
• Select the type of vehicle like 'Crane'
• Select the brand name 'Escorts' from the list along with the model
• Select the variant, registration year, and RTO of the Escorts Crane
• On the next page, you will find several insurance plans for your Escorts Crane
• From there, choose the desired plan along with add-ons
• Proceed with the premium payment and fill out the proposal form on the next page
• After doing checking the premium amount, pay the desired amount through the online payment mode
• After the payment is successful, your Escorts Crane insurance policy will be issued and sent to your registered mail id.

How to Renew Escorts Crane Insurance Online?

By visiting the official website of the Policybazaar Insurance Brokers Private Limited, you can easily renew your commercial vehicle insurance online. For Escorts Crane insurance renewal, follow the below steps-

• Visit Policybazaar.com and find the 'Commercial Vehicle Insurance' option
• Enter your name and mobile number to proceed further
• Now choose details like brand, model, vehicle type, RTO, and registration year
• After the completion of the above steps, proceed with viewing the insurance quotes from several insurers
• Select your existing policy expiry date and fill out your claim details
• Do not forget to choose add-on covers with your Escorts Crane insurance plan
• Select the No Claim Bonus (NCB) discount in your existing policy
• At last, select the payment option and pay the premium amount via any of your favorite modes
• Once the payment is done, you will receive a soft copy of your Escorts Crane insurance policy at your registered email id.

Claim Procedure Under Escorts Crane Insurance

To raise a claim under your Escorts Crane insurance, follow the below steps-

• Intimate your insurance provider about the damages caused to your insured Crane
• After the intimation, your insurer will assign the surveyor and send him to inspect the situation & estimate the cost of damages to repair the insured vehicle
• Submit all the required documents for completing the claim verification process
• The damaged Crane will be sent to an authorized network garage for repairs
• Once the repairs are done, the insurer will settle down the claims directly with the authorized garage.

Documents Required to Raise a Claim Under Escorts Crane Insurance

Here is a list of required documents that you must hold to raise an Escorts Crane insurance claim-

• Fill out the commercial vehicle insurance claim form and submit it duly signed
• Driving License of the driver who was driving the Crane at the time of the accident
• Copy of Crane's Registration Certificate
• Copy of Crane's PUC certificate
• Valid commercial vehicle insurance papers
• Copy of an FIR in case of the third-party damages or theft
• Estimated repair bills