As the name suggests, a goods carrying vehicle insurance is a type of commercial vehicle insurance, designed to protect commercial vehicles used for the purpose of transporting goods from one place to another. Given that these vehicles are comparatively prone to more risks, a goods carrying vehicle insurance can cover for losses and damages during uncertain circumstances such as accidents, collisions, thefts, natural calamities and fires.

Types of Goods Carrying Vehicles

There are various types of goods carrying vehicles, basis the nature of different businesses in India. Some of the common examples of goods carrying vehicles includes:

• Trucks – Trucks come in different shapes and sizes. From small trucks used to deliver daily essentials to larger trucks used to transport goods like furniture and appliances. All types of goods carrying trucks can be covered under a commercial insurance policy.
• Tempos – Tempos are comparatively smaller than trucks, and often used for transportation and delivery of goods within the city. The same can be covered too, under a goods carrying vehicle insurance.
• Three-Wheel Vehicles – Cargo autos or three-wheel vehicles are small goods carrying vehicles often used for delivery of goods within the city. Since they are smaller in size, they are prone to lesser risks as compared to trucks and trailers. However, they can still be covered under a goods carrying vehicle insurance for maximum protection and minimal business losses.
• Trailers – Trailers are large goods carrying vehicles; often used across the country for the transportation of heavy goods. Given the risk associated with them, it is almost mandatory to cover them with a goods carrying vehicle insurance.
• Tippers – Tippers are a type for heavy vehicle and goods carrying vehicle; often used to transport construction goods. The same can be covered under Digit’s commercial insurance policy, to protect it from potential risks.

What’s Included?

Accidents

Accidents are uncertain. Did your vehicle get damaged due to an accident? Don’t panic! We cover it!

Fire & Explosion

Boom! Fire may hamper your vehicle partially or totally. Whatsoever be the loss due to Incidents of fire and explosion, do not worry we can handle it!

Theft

Your vehicle got stolen? Sounds quite unfortunate! Before you fret over it, let us inform you we will secure it!

Calamities

Havoc due to earthquake, landslide, floods, riots, terrorism etc. may take a toll over your vehicle. Stay calm, as we stay undeterred near you by protecting your vehicle from natural and man made calamities.

Personal Accident

In case of injuries due to vehicle accidents, we cover all your treatments and make sure you are healthy and lively above anything else! We also offer coverage to your co-passengers with a slight change in the premiums!

Third Party Liability

Any accidental death or bodily injuries caused to the third party by the policyholder who is at fault is covered. The policy also covers all the damages done to any kind of third party property.

What’s Not Covered?

Depreciation

We do not cover depreciation in the value of the goods carrying vehicle over time.

Electrical & Mechanical Breakdown

Any electrical or mechanical breakdowns remain uncovered under our goods carrying vehicle insurance policy.

Illegal Driving

Your goods carrying vehicle insurance goes out of action if you do not possess a valid driving license. Driving under the influence of drugs/alcohol remains out of car insurance coverage scope.

What is Not Covered in Health Insurance Plans for Family?

Here is the list of few exclusions of a family floater health insurance plan

• Any claim raised within the 30 days waiting period of the health insurance policy. issuance wouldn’t be covered unless and until it arises due to the accident.
• Any sexually transmitted diseases.
• Any treatment related to fertility issues.
• Any treatment and expenses incurred due to routine medical check-ups.
• Any treatment/surgery done for gender reassignments or for gender change.
• Artificial life maintenance, including life support machine use, where recovery or restoration of the previous state of health is not possible.
• Any treatment undergone due to surgery or a plastic surgery, aesthetic treatment, or any further consequences due to such treatments. – Treatment of stress, mental illness or any psychological disorders, or due to the abuse of stimulants or depressants.
• Any OPD Treatment.
• Any treatment undertaken abroad.
• Any Illness or Injury directly or indirectly causing or arising because of breach of any law by the insured who has a criminal intent, war, nuclear, chemical or biological attack or weapons, acts of foreign enemies, hostilities, civil war, rebellion, revolutions, insurrections, mutiny, military or usurped power, seizure, capture, arrest, restraints and detainment of all kinds.
• Illness or Injury caused due to consumption or abuse of tobacco, intoxicating drugs and alcohol or hallucinogens.
• Any act of self-inflicted injury, suicide or attempted suicide while sane or insane.
• Any treatment related to pregnancy (including voluntary Termination), childbirth, maternity (Including caesarian section), miscarriage (unless due to an Accident), abortion or complications of any of these. However, this Exclusion will not apply to ectopic pregnancy.
• That’s the list of few common exclusions of a family health insurance plan. However, one must refer and read policy wordings for the full list of exclusions.