What is Covered in Tractor Insurance?
Tractor Insurance is a type of commercial vehicle insurance policy that protects tractors that are used for farming purposes against the losses caused in case of an accident, theft, fire, or natural calamity. It Also protects tractors from any legal liabilities of third-party property damage or death which may arise in any accident with a tractor.
About Tractor Insurance
Tractor Insurance is a type of commercial vehicle insurance policy that protects tractors that are used for farming purposes against the losses caused in case of an accident, theft, fire, or natural calamity. It Also protects tractors from any legal liabilities of third-party property damage or death which may arise in an accident with a tractor.
Types of Tractor Insurance
Third-party goods carrying vehicle insurance – A third-party tractor insurance is commercial vehicle insurance that covers any legal liabilities resulting from any third-party damages caused by the insured vehicle. It covers third-party property or person damage caused by the insured vehicle or the vehicle being carried. It also provides personal accident coverage for the tractor’s owner-driver.
Comprehensive goods carrying vehicle insurance – It protects the insured vehicle completely by covering third-party liabilities as well as own vehicle damage. In addition to third-party person and property damage coverage, it also includes any loss or damage to the insured vehicle caused by fire, accidents, natural disasters, vandalism, or theft. This insurance, just like a third-party plan, also covers the owner/driver of the tractor.
What's Covered in Tractor Insurance?
Accidents
We cover losses caused due to an accident to reduce the financial impact.
Burglary
A comprehensive motor insurance plan will cover the loss or damage to your tractor against theft.
Calamities
Your vehicle will be covered for damages sustained due to calamities such as floods, earthquakes, and landslides if you have comprehensive coverage. We also cover your vehicle against manmade hazards such as riots.
Personal Accident Cover
Covers the cost of treatment of the driver. The occupants or passengers can also be covered by paying a little extra premium.
Third Person Liability
Any accidental death or bodily injuries caused to the third party person by the policyholder.
Third-Party Property Liability
The policy also covers all the damages done to the third party property or any kind of property.
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