Escorts Powertrac Euro 55 Tractor Insurance
Escorts Powertrac Euro 55 Tractor Insurance covers the insured tractor against any unforeseen third party liabilities and own damages. This commercial vehicle insurance policy is designed to cover the Powertrac Euro 55 tractor by Escorts Limited, which can easily perform all farming tasks and handle farming implements like triller, rotavator, plough, etc.Read more
Escorts Powertrac Euro 55 Tractor Insurance Overview
Escorts Powertrac Euro 55 tractor is a heavy-duty tractor with a powerful engine of 3680 CC and a superb PTO HP of 46.8. The vehicle is known for its fuel efficiency and comes with a hydraulic lift capacity of 1800 Kg. Besides its European style and comfort, the tractor comes with a balanced steering wheel, dual dry clutch, and more durable multi-plate oil immersed disc brake.
If you wish to cover this tractor against unforeseen adversities, you can buy an Escorts Powertrac Euro 55 tractor insurance policy. Moreover, buying a tractor insurance policy with at least third party cover is mandatory for all Escorts Powertrac Euro 55 tractors in India as per the motor laws of the country.
Reasons to Buy Escorts Powertrac Euro 55 Tractor Insurance Policy
Take a look at some of the reasons why you must buy an Escorts Powertrac Euro 55 tractor insurance policy:
- Legal Mandate – As per the Motor Vehicles Act, 1988., it is mandatory to buy at least a third party insurance cover for all commercial vehicles in India. Thus, you must buy an Escorts Powertrac Euro 55 tractor insurance policy to legally drive your tractor on public roads.
- Cashless Repairs – The policy allows you to get your tractor repaired on a cashless basis at any of the network garages of the insurance company.
- No Claim Bonus - In case you do not raise a claim under your Escorts Powertrac Euro 55 tractor insurance policy, your insurance company will grant you with No Claim Bonus. This bonus can be used to get a discount on your policy renewal premium.
- Protects Your Savings – It helps protect your savings from getting exhausted due to adversity involving your tractor as your insurance company will pay for it.
Types of Escorts Powertrac Euro 55 Tractor Insurance Policy
Broadly, an Escorts Powertrac Euro 55 tractor insurance policy comes in two types:
Escorts Powertrac Euro 55 Tractor Third Party Insurance
This type of tractor insurance policy covers the insured tractor for third-party liabilities only. It pays compensation to third parties on behalf of the policyholder in case the insured tractor has caused property damages, vehicle damages, or physical injuries during an accident. In case of disability or death of a third-party person, the policy provides unlimited coverage.
Escorts Powertrac Euro 55 Tractor Comprehensive Insurance
This type of commercial vehicle insurance policy provides coverage for both third-party liabilities and own damages sustained by your Escorts Powertrac Euro 55 tractor, including accidents, natural disasters, fire, theft, and manmade calamities. Although it is not a mandatory cover, it is recommended to ensure all-around protection of the tractor.
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Inclusions of Escorts Powertrac Euro 55 Tractor Insurance Policy
An Escorts Powertrac Euro 55 tractor insurance policy includes the following coverage:
- Any accidental damages sustained by the insured tractor
- Compensation for accidental death, bodily injuries or property damages caused by the Escorts Powertrac Euro 55 tractor
- Damages sustained by the tractor due to natural calamities, such as floods, landslides, cyclones, etc.
- Any loss or damages caused to the insured vehicle due to fire or explosion
- Losses sustained in case the insured Escorts Powertrac Euro 55 tractor gets stolen
- Damages caused to the insured tractor during manmade disasters like riots, terrorist activities, strikes, etc.
- Damages sustained by the insured tractor while being towed
Additional Covers under Escorts Powertrac Euro 55 Tractor Insurance
The following add-on covers can be purchased under an Escorts Powertrac Euro 55 tractor insurance policy:
- IMT 23 Cover
- Zero Depreciation Cover
- NCB Protection Cover
- Personal Accident Cover to Paid Drivers
- Electrical Accessories Cover
Exclusions of Escorts Powertrac Euro 55 Tractor Insurance Policy
The Escorts Powertrac Euro 55 tractor insurance does not cover the following expenses:
- Loss or damages caused when driving under the influence of alcohol
- Any consequential damage or loss to the insured tractor
- Loss or damages sustained while driving the tractor without a valid license
- Any damages or losses incurred due to contributory negligence of the driver
- Expenses incurred on normal wear and tear of the vehicle
- Loss or damages due to electrical or mechanical breakdown of the tractor
- Any damages or losses incurred while using the vehicle for unauthorized usage
- Damages sustained due to overloading of the vehicle
- Any loss or damages caused due to war or nuclear perils
How to Buy Escorts Powertrac Euro 55 Tractor Insurance Online?
You can buy an Escorts Powertrac Euro 55 tractor insurance online by following the steps given below:
- Visit the official website of Policybazaar Insurance Broker Private Limited
- Go to ‘Insurance Products’ at the top of the page and click on ‘Commercial Vehicle Insurance’
- Fill in your name and mobile number in the available form and click on ‘View Free Quotes’
- Select the vehicle type along with the make, model and variant of the tractor
- Choose tractor registration year and the RTO where it is registered
- A list of tractor insurance plans for Escorts Powertrac Euro 55 will be displayed.
- Pick the tractor insurance plan and any add-ons that you want to buy
- Provide the required details and pay the premium online
- Your Escorts Powertrac Euro 55 tractor insurance policy will be issued.
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How to Renew Escorts Powertrac Euro 55 Tractor Insurance?
Follow the steps given below for Escorts Powertrac Euro 55 tractor insurance renewal:
- Visit Policybazaar.com and select ‘Commercial Vehicle Insurance’ from the ‘Insurance Products’ dropdown menu
- Enter your contact details on the available form
- Provide details of your Escorts Powertrac Euro 55 tractor
- Choose the tractor’s registration year and RTO where it is registered
- Enter your previous policy expiry date
- Select if you had raised a claim in the previous policy year
- The Escorts Powertrac Euro 55 tractor insurance price from different insurers will be shown.
- Choose the tractor insurance plan to be renewed
- Select the NCB from your previous policy and pay the renewal premium online
- Your Escorts Powertrac Euro 55 tractor insurance renewal will be done.
Claim Procedure under Escorts Powertrac Euro 55 Tractor Insurance
Take a look at the steps to raise an Escorts Powertrac Euro Tractor insurance claim:
- Inform your insurance company about the mishap at the earliest
- File an FIR at the nearest police station in case of theft or third-party claims
- A surveyor will come to assess the damages sustained by the tractor on behalf of the insurer.
- Submit the required documents to the insurance company
- After verification, the insurer will approve the claim and directly settle the bill amount with the network garage.
- In the case of a non-network garage, you will have to pay the bill and the insurance company will reimburse the bill amount after a reimbursement claim is filed.
Documents Required to Raise a Claim Under Escorts Powertrac Euro 55 Tractor Insurance
Check out the documents to be submitted to raise an Escorts Powertrac Euro 55 tractor insurance claim:
- Duly signed claim form
- Copy of the Escorts Powertrac Euro 55 tractor insurance policy
- Copy of the RC of the vehicle
- Copy of Police FIR (for third party and theft claims)
- Copy of vehicle fitness certificate
- Repair bill and payment receipts
Ans: Yes. The Escorts Powertrac Euro 55 tractor insurance provides personal accident (PA) cover for the driver as well as the owner.
Ans: Yes. As per the Motor Vehicles Act, 1988, it is mandatory to buy commercial vehicle insurance for all tractors, including an Escorts Powertrac Euro 55 tractor, with at least a third party cover. Disobeying this law can lead to a hefty fine as well as jail imprisonment.
Ans: You can reduce your Escorts Powertrac Euro 55 tractor insurance price with the help of the following:
- Building your No Claim Bonus
- Installing anti-theft devices
- Opting for voluntary deductibles
Ans: Yes. You can check the insurance price of Escorts Powertrac Euro 55 tractor before buying with the help of a commercial vehicle premium calculator on Policybazaar.com.
Ans: No. You do not need to submit any documents to renew your Escorts Powertrac Euro 55 tractor insurance policy on Policybazaar.com.
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