What are the exclusions of a commercial van insurance policy?
A commercial van insurance plan usually has the following situations excluded:
i. Driving under the influence
Any claim raised for a situation that occurs when the driver is running the van under the influence of alcohol, drugs, or other intoxicating substances will not be considered.
ii. Outside of the geographical area
If the damage has occurred in a geographical location outside of the area covered by the insurer, then a claim raised for the same will not be considered.
iii. Mechanical and electrical breakdowns
The commercial van insurance policy does not provide coverage for accidents caused due to a mechanical or an electrical breakdown of the van.
iv. Unlawful/unethical use of the vehicle
If the commercial van has been used for an unlawful or unethical reason and incurs damage, the claim raised will not be considered by the insurance company and will be rightfully denied.
v. War and related activities
Any damage caused to your commercial van as a result of war, military activity, or nuclear or radioactive elements will not be covered by a commercial van insurance plan.
- What are the exclusions of a commercial van insurance policy?
- Does IFFCO-Tokio’s commercial van insurance plan provide coverage for school vans as well?
- Is the NCB feature applicable for a commercial van insurance plan as well?
- Does the commercial van insurance plan provide coverage for drivers or employees hired for the van?
- How can I reduce the premium cost of the commercial van insurance plan?