Tata 407 Insurance

Tata 407, a light pickup truck is amongst the wide range of light commercial vehicles (LCVs) by Tata Motors Ltd. The tractor offers higher mileage and can be used for multiple commercial operations. If you are looking to purchase this truck, you must also purchase Tata 407 insurance to protect your vehicle against uncertain events.

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Tata 407 Insurance Overview

The Tata 407 is one of the new and improved pickup trucks being used for commercial purposes in India. This pickup truck offers improved power, new design, great security as well as comfort to the drivers.

A Tata 407 insurance policy is a mandatory cover that can protect a tractor owner from uncertain liabilities arising out of events like a road accident, theft, fire, etc. It also offers coverage against third-party damages.

Popular Tata 407 Models With Insurance Price

Tata 407 Models

(2018 Registration)

Tata 407 Variant*

Tata 407 Insurance Price*

(Third Party Liability Insurance)

407

GVW 5300

Rs. 8,238 onwards

407

GVW 5950

Rs. 8,238 onwards

LPT 407 EX2

GVW 7250

Rs. 8,438 onwards

LPT 407 EX2

BSIV GVW7300

Rs. 8,238 onwards

LPT 407 EX2

CAB CNG GVW 7250

Rs. 8,298 onwards

LPT 407

CNG GVW 7250

Rs. 8,298 onwards

407

GVW 2420

Rs. 8,238 onwards

LPT 407

GVW 6250

Rs. 8,238 onwards

LPT 407

GVW 7250

Rs. 8,238 onwards

LPT 407 EX2

HSD GVW 7250

Rs. 8,438 onwards

LPK 407 EX

GVW 6250

Rs. 8,238 onwards

LPT 407

CAB/EX/E II

Rs. 8,238 onwards

LPT 407 EX

CAB GVW 6250

Rs. 8,238 onwards

LPT 407 EX2

HDLB GVW 7300

Rs. 8,238 onwards

LPT 407 EX

HDLB GVW 5490

Rs. 8,238 onwards

LPT 407

GVW 5700

Rs. 8,238 onwards

LPT 407 EX

GVW 5950

Rs. 8,238 onwards

LPT 407

HD/EX/EII

Rs. 8,238 onwards

LPT 407

GVW 5950

Rs. 8,238 onwards

LPT 407

GVW 5600

Rs. 8,238 onwards

LPT 407 HD

GVW 6250

Rs. 8,238 onwards

LPT 407 EX2

GVW 7300

Rs. 8,238 onwards

LPT 407

GVW 5700

Rs. 8,238 onwards

Disclaimer*: The Tata 407 insurance price for different variants depends on various factors like the vehicle’s IDV, cubic capacity, add-ons opted, etc.

Reasons to Buy Tata 407Insurance Policy

Here are the following reasons to purchase a Tata 407 insurance policy for your pickup truck:

  • Mandatory Cover: A commercial vehicle insurance policy is a compulsory cover as per the motor laws of India. Therefore, to drive legally on the roads of India, you will have to purchase commercial vehicle insurance.
  • Protection Against Damages: Another reason to buy Tata 407 insurance is to get protection against damages that your tractor may sustain due to events like a road accident.
  • Simple Buying Process:You can also compare and purchase a Tata 407 insurance policy online without much hassle.
  • Additional Coverage: By purchasing a Tata 407 insurance policy you can also take advantage of multiple additional covers to improve the scope of your Tata 407 insurance.

Types of Tata 407Insurance Policy

There are two major types of Tata 407 insurance policies:

Tata 407 Third Party Liability Insurance Policy

The third-party liability commercial vehicle insurance policycovers a policyholder against damages caused to a third party such as injury/death or property damages arising due to the insured vehicle. This policy is the mandatory cover to ply on the roads of India. However, it is limited in scope and does not cover the insured commercial vehicle.

Tata 407 Comprehensive Insurance Policy

The comprehensive commercial vehicle insurance policy offers broader coverage as it covers the insured Tata 407 against damages arising from road accidents, natural disasters, riots, fire, etc. It also covers any third-party liabilities caused due to the insured tractor. A comprehensive commercial vehicle policy is not a mandatory cover but is recommended as it offers more coverage than a liability-only policy.

Inclusions of Tata 407 Insurance Policy

A Tata 407 pickup insurance covers the following damage under its coverage:

  • Losses arising out of third party death, injury, or property damage
  • Damages due to external means such as a road accident
  • Losses arising out of theft, housebreaking, or burglary
  • Damages caused to the insured vehicle due to cyclones, hurricanes, floods, and other natural disasters
  • Any damage arising out of manmade disasters such as strikes, riots, etc
  • Any loss sustained by the insured vehicle due to fire or explosion
  • Damages sustained by the insured Tata407 while it was in transit via roadways, railways, waterways, or airways.

Additional Covers Under Tata 407 Insurance

Additional covers that are offered under a Tata 407 insurance policy include:

  • Engine Breakdown Cover
  • Nil Depreciation Cover
  • NCB Protect Cover
  • Personal Baggage Cover
  • IMT 23 Cover
  • Personal Accident Cover
  • Legal Liability to Paid Driver

Exclusions of Tata 407 Insurance Policy

A Tata 407 vehicle insurance policy excludes covering the following losses:

  • Losses arising out of contractual liabilities
  • Damages to the insured Tata 407 when the driver was under the influence of alcohol
  • Damages to the insured Tata 407 tractor when the driver was not carrying a driving license
  • Losses arising out of nuclear peril or civil war
  • Any loss arising out of private use of a commercial vehicle
  • Damages caused to the insured tractor when being driven outside the geographical region as specified in the policy

How to Buy Tata 407 Insurance Online?

Purchasing a Tata 407 insurance online is a simple process. Simply head to Policybazaar.com and follow these steps:

  • Go to the ‘Commercial Vehicle Insurance’ page from the ‘Insurance Products’ section
  • Mention your name and mobile number in the given form
  • Select the type of commercial vehicle, manufacturer, variant, and model
  • Select vehicle RTO and registration year
  • From the mentioned Tata 407 vehicle insurance plans, choose the preferred plan and add-on
  • Fill out the proposal form on the next page
  • Proceed with Tata 407 insurance premium amount payment
  • Pay the Tata 407 insurance premium to purchase your commercial vehicle insurance policy
  • Once you have made the payment, your Tata 407 vehicle insurance policy papers will be
  • mailed to you.

How to Renew Tata 407 Insurance?

For a Tata 407 insurance renewal, follow the steps mentioned below:

  • Visit Policybazaar.com and navigate to the ‘Commercial Vehicle Insurance’ page from the ‘Insurance Products’ dropdown on the homepage
  • Fill out the given form with your name and mobile number
  • Enter the tractor’s manufacturer, variant, model, RTO, etc.
  • Select policy expiry date and previous claim details
  • Select the desired Tata 407 insurance renewal plan and preferred additional covers
  • Fill in the given form on the next page
  • Proceed with Tata 407 insurance premium payment
  • After successful payment, your Tata 407 insurance will be renewed. Your tractor policy renewal papers will be sent to your email id.

Claim Procedure Under Tata 407 Insurance

For an easy Tata 407 insurance claim procedure, follow the steps mentioned below:

  • Intimate the insurer soon after the accident so that a claim can be registered immediately
  • After the claim registration, the insurer will send a surveyor to assess the extent of damages sustained by the insured Tata 407 tractor.
  • You may also be required to show some documents to the surveyor for the claim to be processed. The insured vehicle will be sent for repairs at the network garage
  • Once the repairs are completed, the insurer will settle the claim with the network garage
  • For repairs done in a non-authorized garage, the insurance company will refund you the claim amount after the repairs.
\

Documents Required for Claim Under Tata 407 Insurance

Documents that are compulsory to raise a claim under Tata 407 insurance policy include:

  • A copy of a valid driving license
  • Copy of the vehicle’s Registration Certificate
  • Copy of Fitness Certificate
  • Copy of a Police FIR
  • Commercial vehicle insurance papers
  • Bills of repairs and repairs estimates

FAQs

Written By: PolicyBazaar

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