John Deere Insurance

John Deere Tractor Insurance Price

John Deere tractor insurance price depends on various factors, such as tractor make, model, IDV, etc. The third-party premium for a commercial vehicle insurance for various John Deere models are given below:

Disclaimer: The prices mentioned above are a third party insurance premium for a John Deere tractor and are fixed by the IRDAI. They are subject to change without prior notice. The premium amount will differ for a comprehensive insurance policy.

Reasons to Buy John Deere Tractor Insurance Policy

Some of the common reasons to purchase a John Deere tractor insurance policy are given below:

• Legal Obligation: It is mandatory by the law to insure your John Deere tractors with at least a third-party commercial vehicle insurance. John Deere insurance helps you avoid any legal liabilities and also provides coverage for any third-party liabilities.
• Easy to Buy and Renew: It is very easy to buy and renew a John Deere commercial vehicle insurance policy online on broker websites like policybazaar.com.
• Comprehensive Protection: A tractor insurance policy for John Deere commercial vehicles provides coverage for damages incurred to the insured vehicle and any sort of third-party liabilities.

Types of John Deere Tractor Insurance Policy

The two types of John Deere tractor insurance policies are mentioned below:

• John Deere Third-Party Insurance: According to the Motor Vehicle Act, 1988, it is compulsory to have at least a third-party commercial vehicle insurance for a John Deere tractors. This type of insurance policy only offers coverage for damages or losses incurred to third-party, property, or person from the insured vehicle.
• John Deere Comprehensive Insurance: A comprehensive commercial vehicle insurance is not mandatory as per the law. However, it provides enhanced coverage against various risks. A comprehensive John Deere insurance policy provides coverage against loss or damage incurred to own vehicle because of some man-made disasters or natural calamities. This type of insurance policy as well offers insurance covers both third-party liabilities and damages incurred by the insured vehicle.

Add-Ons with John Deere Tractor Insurance

Policyholders can increase the coverage of a standard John Deere insurance by purchasing the following add-ons with a commercial vehicle insurance policy:

• Zero Depreciation Add-On: The zero-dep add-on is also knowbumper-to-bumper cover, this ensures depreciation is not deducted at the time of claim settlement. Only tyres, tubes, and batteries are covered at 50%.
• IMT 23 Add-On: This extends coverage to usually excluded items like tyres, tubes, lamps, bumpers, and painting expenses, though depreciation as per vehicle age still applies.
• Accessories Cover: Extra electrical or non-electrical fittings such as fog lights, audio systems, or seat covers can be insured under this add-on.
• PA Cover: Every commercial vehicle policy must include a personal accident cover of at least ₹15 lakhs for the owner-driver, offering financial support in case of disability or death.

How to Buy John Deere Insurance Online?

Follow the steps mentioned below to buy or renew a John Deer insurance policy online on policybazaar.com:

• Visit the commercial vehicle insurance page and click buy commercial vehicle insurance.
• Provide all the details like make and model of the John Deere truck, like manufacturing details, RTO information, type of insurance like comprehensive or third-party insurance, claim details, etc.
• After filling in all these details, click on submit.
• All the available plans will be displayed on the screen.
• Choose the most suitable policy and pay the premium
• The chosen John Deere insurance policy will be mailed to the registered email id.

How to File a John Deere Insurance Policy Claim?

Policyholders can file a claim against their John Deere insurance policy using the steps mentioned below:

• Inform the Insurance Company: Intimate the commercial vehicle insurance company about the mishap.
• Damage Assessment: A surveyor will be assigned to assess the damages incurred by the insured John Deere vehicle.
• Submit all Documents: Gather and submit all the documents to the surveyor. Once verified, the damaged vehicle will be sent to the network garage.
• Repair and Claim Settlement: The vehicle will be repaired at the network garage and the insurer will settle the claim.

Documents Required for John Deere Insurance Claim

Policyholders must submit the following documents to file a John Deere insurance claim:

• Duly filled and signed claim form
• Copy of driving license
• Copy of registration certificate
• Estimate of repair
• FIR copy
• Commercial vehicle permit