Euler Motors Insurance

Euler Motors Insurance Overview

With its new-age electric cargo and passenger vehicles, Euler Motors aims at offering innovative mobility solutions for the transport business in India. The company has developed some highly sustainable electric three-wheelers for multiple commercial applications.

It is mandatory for all Euler Motors e-rickshaw owners to have an e-rickshaw insurance policy to legally ply on Indian roads. It helps in complying by the law, save money, and protects the insured vehicle against several damages and risks.

Reasons to Buy Euler Motors Insurance Policy

Here are some common reasons to buy Euler Motors insurance for a commercial vehicle:

• Broader Coverage: A commercial vehicle insurance policy for an Euler e-rickshaw offers financial coverage against multiple unforeseen incidents, such as road accidents, theft, fire, third-party liabilities, etc.
• Compulsory by Law: Having a commercial vehicle insurance for Euler Motors vehicles is mandatory to drive on Indian roads.
• Benefits of Add-ons: Policyholders can also buy several add-ons to enhance the coverage of a standard policy at an extra premium.
• Easy to Purchase: Purchasing a Euler Motors insurance policy online from Policybazaar.com is a simple and hassle-free process.

Types of Euler Motors Insurance Policy

The two types of Euler Motors insurance policies offered by insurance companies include:

1. Third Party Insurance: As per the Indian Motor Vehicles Act, 1988, all commercial vehicle owners must have at least a third-party insurance policy. Third party commercial vehicle insurance for Euler Motors vehicles will only cover third-party person or property damage and not the damages incurred by the insured vehicle.
2. Comprehensive Insurance: A comprehensive commercial vehicle insurance provides an extended coverage and covers damages caused to the insured vehicle, as well as third-party liabilities. The premium for this type of insurance is slightly higher than a third-party insurance due to a broad coverage. Policyholders can also purchase several add-ons with a comprehensive policy to cover uninsured parts.

How to Buy Euler Motors Insurance Online?

Anyone looking to buy or renew an Euler Motors insurance can follow the steps mentioned below:

• Visit policybazaar.com
• Select commercial vehicle insurance from the homepage
• Use the commercial vehicle registration number or select 'Have a brand new vehicle' option
• Fill out the form with all the information required, such as make, model, RTO, name, etc., and click on view prices
• Choose the IDV, NCB (in case of renewals), and select the required add-ons
• All the available options will be displayed on the screen
• Pay the premium and the policy will be mailed on the registered email address instantly

How to File an Euler Motors Insurance Claim?

To raise a Euler Motors insurance claim, follow the steps mentioned below:

1. Inform the Insurer: Call the insurance company and inform them about the incident within 48 hours.
2. Damage Assessment: Once the claim has been registered, the insurance company will send a surveyor to estimate the cost of damages.
3. Document Submission: Submit all the required documents to the insurer once the damages have been inspected.
4. Repair and Claim Settlement: After verification, the insured vehicle will be sent for repairs and the insurance company will directly settle the claim with the garage.

Documents Required to Raise a Claim under Euler Motors Insurance

Policyholders must submit the following documents to file an Euler Motors insurance claim:

• Insurance Copy
• Copy of Police FIR, if applicable
• Registration Certificate
• Fitness Certificate
• Repair Bills
• Valid Driving License