How exactly does cashless commercial auto insurance policy work?

Getting cashless claims with your commercial auto insurance policy is extremely simple. It only involves the following steps:

  • The insured buys a vehicle insurance policy from a company that has tie-ups with a wide network of garages in the country.
  • If the insured vehicle is damaged in an accident, the policyholder can choose to get it repaired at one of the garages from the network.
  • The insurance company pays the garage directly for the repair work done on the vehicle.
  • The insured is only required to pay on the deductibles and for depreciation of replaced parts.