ACE Crane Insurance

ACE Crane Insurance Overview

Action Construction Equipment (ACE) Company manufactures dependable and cost-effective mobile cranes that are used for multiple commercial industries such as engineering, infrastructure and construction. These mobile cranes can be used for applications like loading, moving, and unloading materials.

By purchasing an ACE crane insurance policy, you can get compensated against any damage arising out of any unforeseen incident on-road such as a collision, strike etc. It also covers your crane against any third party liability arising out of the insured commercial vehicle.

Popular ACE Crane Models With Insurance Price

Disclaimer*: The ACE crane insurance price of different variants depends on factors like cost of add-ons, IDV of the vehicle, NCB reward, etc.

Reasons to Buy ACE Crane Insurance Policy

Here are a few reasons to purchase an ACE crane insurance policy for your commercial vehicle:

• Legal Requirement: As per the Motor Vehicles Act 1988, it is mandatory for every commercial vehicle owner to purchase a commercial vehicle insurance policy to legally drive on the roads of India.
• Simple Purchase: Purchasing an ACE crane insurance policy online from Policybazaar.com is also very simple and hassle-free.
• Personal Accident Cover: When you buy an ACE crane insurance online, you also get a compulsory Personal Accident Cover to cover any injury, death or disability suffered by the owner/driver of the insured vehicle.
• Benefit of Add-ons: You can also enhance your ACE crane insurance coverage by purchasing additional covers along with your standard commercial vehicle insurance plan.

Types of ACE Crane Insurance Policy

There are two types of ACE crane insurance policies offered by motor insurance companies in India. These are:

Third Party ACE Crane Insurance Policy

A third party ACE crane insurance policy financially covers the policyholder against any accidental damage to the third party caused by the insured vehicle. These third-party damages include death or bodily injuries of the third party and third party property damages.

Having at least a third-party commercial insurance policy is a mandatory requirement for all Indian commercial vehicle owners. This cover however does not cover any damage sustained by the insured crane.

Comprehensive ACE Crane Insurance Policy

A comprehensive ACE crane insurance policy offers extensive coverage to the policyholder. This policy offers coverage against own damages sustained by the insured crane due to unanticipated events like accidents, theft, riots, vandalism, etc. Moreover, a comprehensive ACE crane insurance policy covers any third party liability arising out of the insured crane.

Inclusions of ACE Crane Insurance Policy

Following are the damages that are covered in an ACE crane insurance policy:

• ACE Crane insurance policy compensates for damages arising out of external means such as a road accident
• Any third party damage including death, injury and property damages is also included
• It covers damages sustained by the insured crane due to earthquakes, hurricanes, cyclones or any other natural disaster
• The policy covers damages caused to the insured vehicle while it was in transit via rail, road, water or air
• Any loss arising out of theft or burglary of the insured vehicle can be claimed
• The policy also pays for damages to the insured crane due to acts of vandalism, strikes, riots, etc.
• Losses to the insured vehicle due to fire, explosion, or self-ignition are covered as well

Additional Covers Under ACE Crane Insurance Policy

A policyholder can also extend the coverage of his/her ACE crane insurance policy by purchasing additional covers at an extra premium amount. These additional covers include:

• Personal Accident (PA) Cover for the Owner Driver
• Zero Depreciation Cover
• Legal Liability to Paid Driver
• Personal Accident (PA) Cover for a Paid Driver

Exclusions of ACE Crane Insurance Policy

Following are the damages that are not covered under an ACE crane insurance policy:

• Damages arising out of the contractual liability of the owner
• Any damage caused to the insured vehicle due to mechanical or electrical failure
• Damages to the insured crane due to nuclear peril or civil war
• Any loss arising out of gradual wear and tear of the insured vehicle
• Damage to the insured vehicle when the driver was under the influence of drugs or alcohol
• Any damage sustained by the insured crane when the driver was not carrying a valid driving license
• Damages to the insured vehicle when driven outside the geographical scope of the policy
• Any damage arising out of using the insured commercial vehicle for personal use

How to Buy ACE Crane Insurance Online?

To buy an ACE Crane Insurance policy you can visit the official website of Policybazaar Insurance Brokers Private Limited, and follow these steps as given below:

• From the ‘Insurance Products’ menu, visit the ‘Commercial Vehicle Insurance’ page
• Mention your name and mobile number in the given form and proceed further
• On the next page, select vehicle type, vehicle brand, variant, RTO and registration year
• You can now choose your desired ACE crane insurance plans from the mentioned plans
• Also select the desired add-on cover with your plan
• Fill in the proposal form with your vehicle details
• Pay the premium amount via any given online payment modes
• Once you have successfully paid the premium, your ACE crane insurance policy will be mailed to you.

How to Renew ACE Crane Insurance?

For ACE crane insurance renewal online, visit Policybazaar.com and simply follow the below-mentioned steps:

• Navigate to the ‘Commercial Vehicle Insurance’ page from the ‘Insurance Products’ dropdown
• Enter your name and mobile number in the given form to proceed
• Now choose your ACE crane model details like brand, variant, RTO, etc
• Now select your previous ACE crane insurance policy expiry date
• Select whether you have previously made a claim or not
• From the mentioned plans, select your ACE crane insurance renewal plan along with additional covers
• Now pay the premium amount via bank cards, net banking or UPI
• Once you have completed your payment, you will receive your ACE crane insurance renewal documents at your email address.

Claim Procedure Under ACE Crane Insurance

To raise an ACE crane insurance claim, follow the steps mentioned below:

• Inform the insurance company about the accidental damages sustained by your ACE crane so that they can register a claim as soon as possible
• Once an ACE crane insurance claim has been registered, the insurer will send a surveyor to estimate the damages.
• You will then be required to submit the claim form along with certain documents for the claim to be processed
• Once the estimates have been made, the insured vehicle will be sent for repairs to an authorised network garage where the insurer will directly settle the claim with them
• If the repair has been done in a non-network garage, the insurer will reimburse you the claim amount after repairs.

Documents Required to Raise A Claim Under ACE Crane Insurance

Here are some mandatory documents that you should have handy while raising an ACE crane insurance claim:

• ACE crane insurance policy papers
• Copy of driving license
• Copy of crane’s Fitness Certificate
• Copy of Registration Certificate
• Duly filled and signed claim form
• Copy of Police FIR
• Repair bills and estimates of repairs