Tata Motors Insurance

Tata Motors Insurance Price

Reasons to Buy Tata Motors Insurance Policy

Below mentioned are the reasons to buy a Tata Insurance policy:

• Legal Mandate: It is a legal requirement to have at least a third party commercial vehicle insurance. It not only helps you follow the law but also offers coverage for damages caused to any third-party person or property.
• Easy to Buy: You can easily compare insurance plans and buy or renew the most suitable plan as per your budget and requirements online on websites like policybazaar.com.
• Financial Protection: Tata Motors insurance offers financial security as they cover the cost of damages caused due to third party liabilities.

Types of Tata Motors Insurance Policy

1. Tata Motor Third-Party Insurance

   As per the Motor Vehicle Act, it is mandatory to insure vehicles before plying them on Indian roads. Under this type of insurance policy, the policyholder gets insurance coverage only for third-party property and person damages. However, one does not get any coverage for damages or losses caused to the insured vehicle.

2. Tata Comprehensive Insurance

   A comprehensive vehicle insurance policy is not mandatory by law but offers coverage for damages caused to the insured vehicle as well as third party liabilities. It covers losses incurred due to accident, riot, fire, and other manmade or natural calamities and you can even include add-ons to enhance the coverage.

Tata Motor Insurance: Add-Ons

You can include the following add-ons with your comprehensive commercial vehicle insurance policy to enhance its coverage at an additional premium

• Zero Depreciation/ Nil Depreciation/Bumper-to-Bumper Coverage: Since, your vehicle is subject to depreciation every year, insurance companies deduct the depreciation cost while settling a claim as per its age. However, this add-on helps the insured to get a better claim amount as the company is liable not to deduct any depreciation costs, in case of an accidental claim.
• IMT 23: A standard insurance policy might not provide coverage for several parts, such as tyres, side parts, bonnet, tubes, lamps, mudguards, bumpers, headlights, etc. This add-on covers such parts after deducting the depreciation costs.
• Electrical and Non Electrical Accessories Cover: The add-on provides coverage for damages caused to additional accessories fitted that were not a part of the manufacturer's initial selling price such as fog lights, seat covers, etc.
• Personal Accident (PA) Cover: As per the IRDAI, it is mandatory to buy a PA cover for the individual owner of at least ₹15 lakhs in case of disablement or death.

How to Buy Tata Motors Insurance Online?

Buying a Tata commercial vehicle insurance policy online is simple and easy. Follow the steps mentioned below to buy an insurance online:

• Visit policybazaar.com and select 'commercial vehicle insurance'.
• Fill the form with your vehicle registration number and submit the form.
• Click on 'I have a brand new vehicle' if you have purchased a new commercial vehicle.
• Complete the form by choosing the type of vehicle, make, model, variant, and RTO details of the vehicle.
• Fill in your name and mobile number and select 'view prices'
• All the available insurance plans will be displayed on your screen
• Select all the customizations like IDV, add-ons, etc and choose the policy that provides the maximum coverage at the best price.
• Pay the premium and the policy will be sent to your email address after successful payment.

How to Renew Tata Motors Insurance Online?

You can instantly renew your commercial vehicle insurance policy online using the steps mentioned below:

• Visit policybazaar.com and then select 'commercial vehicle insurance'.
• Fill the vehicle registration number and submit the form.
• Check the vehicle details fetched automatically.
• Fill in your name and phone number and click on submit to view the insurance prices
• Select the add-ons required, NCB as per your claim history, and IDV as per your previous year policy.
• All the third party and comprehensive insurance plans will be displayed
• Choose the commercial vehicle insurance and pay the premium to instantly renew your policy
• Your policy will be sent to your registered email address.

How to File a Claim Under Tata Motors Insurance?

You can use the steps mentioned below to file a claim for your Tata commercial vehicles:

• Step 1: Intimate the insurer immediately after the accident
• Step 2: File an FIR in case of any third party liabilities
• Step 3: The insurer will send a surveyor, who will assess the damages caused
• Step 4: After the approval from the surveyor, you must submit the required documents to the insurance company
• Step 5: Your vehicle will be sent for repair and the insurer will settle your claim

Documents Required for Tata Motors Insurance Claim

• Claim form that is signed and filled
• Registration certificate copy
• Driving license copy
• Copy of FIR
• Repair estimate
• Load challan (for commercial vehicle)
• Permit of the commercial vehicle