Inclusions & Exclusions of Commercial Vehicle Insurance

If you have a commercial vehicle, you must consider commercial vehicle insurance. It offers comprehensive protection to your commercial vehicles. If it gets involved in any accidents, you will have to bear the expenses in case you don’t have commercial vehicle insurance. A comprehensive insurance policy will shield you financially from physical damage to your insured commercial vehicle and take care of your liabilities to third-party. Following are the major inclusion and exclusion of commercial vehicle insurance policy.

Coverage of Commercial Vehicle Insurance

• A comprehensive commercial vehicle insurance online policy offers coverage against damages to an insured vehicle due to natural disasters like fire, lightning and explosion, flood, storm etc and man-made perils like strike, housebreaking, theft, riot, burglary, terrorist activities.
• The third-party coverage of commercial vehicle insurance policy offers coverage against damage to the other vehicle that gets involved in an accident with your insured commercial vehicle. It also offers coverage against physical injury or death of the third party.
• Personal accident coverage is also available with commercial vehicle insurance policies. Accidental death and Permanent Total Disability of the owner and the paid driver of the insured vehicle is covered by a commercial vehicle insurance policy.
• Many insurers offer towing coverage for mechanically propelled disabled commercial vehicles. Many commercial vehicle insurance companies offer towing coverage as add-on coverage. The towing coverage can also be included in the regular coverage of comprehensive commercial vehicle insurance policies online.

What is not covered in commercial vehicle insurance?

Not all types of damages and situations are covered by comprehensive commercial vehicle insurance policies. A commercial vehicle insurer imposes some exclusion when it comes to the coverage of a comprehensive commercial vehicle insurance policy.

• Wear and tear and mechanical and electrical breakdown of the commercial vehicle is not included in the coverage.
• A commercial vehicle insurance company doesn’t cover the loss if the vehicle is used beyond the limitations.
• If the commercial vehicle is used beyond the specified geographical area coverage of commercial vehicle insurance policies, coverage will not be available.
• The insurer only offers coverage against only the original damage and not any consequential or subsequent loss.
• It doesn’t offer coverage losses due to ionizing radiation, nuclear perils, and war.
• A commercial vehicle insurance company doesn’t cover claims due to contractual liability.