Switch Mobility Insurance

Switch Mobility Insurance Price

Switch Mobility insurance price for third party insurance is fixed by the IRDAI. The table below highlights the premium for a Switch Mobility commercial vehicle insurance:

*Disclaimer: The above-mentioned premium is fixed by the IRDAI and is subject to change without prior notice.

Reasons to Buy Switch Mobility Insurance Policy

Here are some of the most common reasons to buy a Switch Mobility insurance:

• Legally Mandatory: The Indian Motor Laws dictates all vehicle owners to have at least a third party insurance to provide coverage for third party liabilities.
• Provides Coverage: An insurance policy for your Switch Mobility vehicles helps policyholders to protect their commercial vehicle against unforeseen damages.
• Peace of Mind: Switch Mobility insurance also not only offers financial protection but also a peace of mind as it safeguards you against any unexpected losses.

Types of Switch Mobility Insurance Policy

The two types of insurance policies available for your Switch Mobility commercial vehicles are mentioned below:

• Third-Party Commercial Vehicle Insurance: This is a mandatory type of policy as per Indian Motor Vehicle Act. It has a nominal premium which is fixed by the IRDAI and only covers third party liabilities, such as person and property damage caused by the insured vehicle.
• Comprehensive Commercial Vehicle Insurance: A comprehensive insurance is an optional policy. Even though this type of insurance is not a legal mandate, it is recommended as it covers both third party liabilities and damages caused to the insured vehicle due to road accidents, fire, natural and man-made disasters, etc. Policyholders can also include several add-ons at an extra premium to further increase the protection.

Switch Mobility Insurance Policy Add-Ons

Policyholders can purchase the following add-ons at an additional premium to increase the coverage of a Switch Mobility commercial vehicle insurance:

• Accessories Cover: The add-on provides coverage for damages incurred by the electrical and non-electrical accessories that were additionally-fitted and are not listed under the manufacturer's initial selling price.
• IMT 23: Not all parts are insured under a standard comprehensive policy. This add-on helps the policyholder to cover the cost incurred on items that are generally excluded, such as tubes, tyres, lamps, sideparts, bonnet, etc., after deducting the depreciation from the claim amount.
• Zero Depreciation: Every claim is subject to a depreciation cost based on the age of the vehicle. The add-on ensures that the insurance company does not charge the depreciation cost incurred by the insured vehicle on all own-damage accidental claims.

How to Buy Switch Mobility Insurance Online?

You can follow the steps mentioned below to buy a Switch Mobility insurance online:

• Go to policybazaar.com and select 'commercial vehicle insurance'.
• Fill out your vehicle registration number or select 'I have a Brand New Vehicle'
• Fill out the form with all details and check the prices
• Different plans will be displayed
• Select the plan based on the details provided
• Choose the iDV and add-ons as per requirement
• Pay the premium
• The commercial vehicle insurance policy will be mailed to you.

How to Renew Switch Mobility Insurance Online?

To renew any Switch Mobility insurance from policybazaar.com you can use the steps mentioned below:

• Go to the homepage and tap 'commercial vehicle insurance'.
• A form will be displayed
• Fill out the form with the required details and click on submit.
• Select the add-ons
• Choose the IDV as per your previous policy (10% lower than your previous IDV)
• All plans from different insurers will be displayed
• Pay the premium and your renewed policy will be mailed at the registered email address

How to File a Switch Mobility Insurance Claim?

• Inform your insurance provider immediately after the mishap.
• A surveyor will be sent to assess the damages incurred by the insured vehicle.
• After the approval from the surveyor, fill out the claim form
• Submit the documents required to file a claim, such as claim form, RC, etc.
• The insurance provider will send your vehicle for repair
• After the repair is successful, the claim will be settled.

Documents Required to File a Switch Mobility Insurance Claim

• Duly signed and filled claim form
• Driver License
• RC of the insured vehicle
• FIR copy, in case of third party liabilities
• Repair estimate
• Load challan
• All permits