New Holland Tractor Insurance

New Holland Insurance Price

New Holland insurance falls under the category of a commercial vehicle insurance policy. The following table highlights the New Holland tractor insurance price for various of its models:

Disclaimer: The above-mentioned prices are third party insurance premiums, which are fixed by the IRDAI and are subject to change without prior notice. The New Holland Tractor Insurance Price for a comprehensive commercial vehicle insurance will vary as per the engine capacity, RTO, IDV, fuel type, registration year, etc.

Reasons to Buy New Holland Tractor Insurance Policy

Here are some of the common reasons to buy a New Holland tractor insurance policy:

• Easy to Purchase: It is very easy to buy or renew a New Holland insurance policy online.
• Legal Compliance: Having at least a third-party New Holland insurance is mandatory as per the Indian Motor Laws and helps you abide by the law.
• Enhanced Coverage: A New Holland commercial vehicle insurance helps you provide financial losses that may occur due to damages incurred to or by your vehicle. It offers coverage against damages caused by accidents, collisions, third-party liabilities, natural calamities, man-made disasters, etc.

Types of New Holland Insurance Policy

The two types of New Holland tractor insurance policies are given below:

• Third-Party Insurance: A third-party (TP) tractor insurance is a mandatory policy for your New Holland commercial vehicles as per the Indian Motor Vehicle Act, 1988. This type of insurance only offers coverage for third-party liabilities and not for damages incurred by the insured tractor. A third-party commercial vehicle insurance premium for New Holland tractors is decided by the IRDAI and not the insurance provider.
• Comprehensive Insurance: This type of New Holland insurance not only covers third-party person or property damage but also damages caused to the insured tractor. A comprehensive commercial vehicle insurance is not a legal compulsion but offers an extended coverage and can also be clubbed with several add-ons. The premium for a comprehensive New Holland insurance policy is slightly higher as compared to the liability policy.

Add-Ons with New Holland Tractor Insurance

An add-on for commercial vehicle insurance extends the coverage to uninsured parts at an additional premium. Policyholders can buy the following add-ons with their New Holland tractor insurance:

• IMT 23: An IMT 23 add-on cover helps protect uninsured parts, such as tyres, tubes, lamps, bonnet, bumper, denting and painting, etc., after deducting the depreciation costs as per the age of the vehicle.
• Zero Depreciation (Bumper to Bumper Cover): All insurance companies are liable to deduct a depreciation cost while settling an accidental claim. However, the zero dep add-on ensures that the depreciation is not deducted and 100% claim amount is provided for all parts. Policyholders must note that tyres, tubes and battery costs are covered at 50%.
• Electrical and Non Electrical Accessories: The accessories add-on cover protects against damages caused to additionally-fitted electrical and non-electrical accessories such as music system, fog lights, seat covers, etc.
• Personal Accident (PA) Cover: It is mandatory to buy a Personal Accident add-on cover of at least ₹15 lakhs in case of disablement or death of the owner-driver.

How to Buy New Holland Tractor Insurance Online?

Policyholders can use the following steps to buy or renew a New Holland tractor insurance::

• Visit Pollicybazaar.com
• Select 'commercial vehicle insurance' from the homepage
• Fill out the form with all the required details of the commercial vehicle, such as its make and model, its RTO information, insurance type, NCB, manufacturing year, etc.
• Click on submit. All the available New Holland Tractor plans will be displayed on the screen.
• Choose the most appropriate New Holland tractor insurance as per requirements and budget.
• Pay the premium and the insurance policy will be mailed to you.

How to File a New Holland Insurance Claim?

To file a New Holland insurance claim, follow the steps mentioned below:

1. Inform the Insurer: Intimate the tractor insurance provider regarding the accidental claim you wish to file.
2. Surveyor Assessment: The insurer will appoint a surveyor to assess the damages caused to the insured vehicle.
3. Document Submission: Once the surveyor approves the damages, submit all the documents and file the tractor insurance claim for your New Holland tractor.
4. Repair and Claim Settlement: After the documents are verified, the tractor will be sent for repairs at a network garage and the claim will be settled.

Documents Required for New Holland Insurance Claim

• Filled and signed claim form
• Driving license copy
• FIR copy
• Copy of registration certificate
• Repair estimate
• Load challan is required for commercial vehicles
• Permit of the commercial vehicle