Indo Farm Tractor Insurance

Indo Farm Tractor Insurance Overview

Indo Farm has been manufacturing farm tractors for Indian farmers since 2000. The company aims at providing the best in class technology and innovation in their agricultural tractors.

Purchasing an Indo Farm tractor insurance policy can be helpful in covering a tractor owner against damages sustained by his/her tractor due to uncertain events like a road accident. It also protects a tractor against third party damages arising out of the insured vehicle.

Popular Indo Farm Tractor Models with Insurance Price

*Disclaimer: The Indo Farm tractor insurance price of different variants depends on factors like fuel variant, IDV of the tractor, add-on opted and more.

Reasons to Buy an Indo Farm Tractor Insurance Policy

Here is why you should purchase an Indo Farm tractor insurance policy:

• Covers Repairs: Buying an Indo Farm tractor insurance policy can cover your tractor against expenses that you may incur in case of an unforeseen incident.
• Compulsory Purchase: As per the motor laws of India, it is also compulsory for every tractor owner to have a commercial vehicle insurance policy for his/her tractor.
• Additional Cover:You can also enhance the cover of your Indo Farm tractor insurance policy by opting for add-ons that offer coverage for damages that are not usually covered in a basic commercial vehicle insurance policy.
• Buy Policy Online: Buying an Indo Farm tractor policy online is a very simple process and is relatively more affordable than buying offline. You can simply compare the prices of multiple tractor policies on Policybazaar.com and choose the one that suits your requirements.

Types of Indo Farm Tractor Insurance Policy

There are two major types of Indo Farm tractor insurance policies which are explained below:

1.Indo Farm Third Party Liability Tractor Insurance Policy

The liability only tractor insurance policycovers a policyholder against any third party damages arising out of the insured tractor. These damages include third party death, bodily injuries and third party property damages. This tractor insurance policy, however, does not cover the own damages sustained by the insured tractor.

2.Indo Farm Comprehensive Tractor Insurance Policy

The comprehensive tractor insurance policy covers a policyholder against own damages sustained by the insured tractor due to unexpected events like natural calamities, manmade calamities, theft, fire, etc. Moreover, this policy also covers third party liabilities arising out of the insured tractor.

Inclusions of Indo Farm Tractor Insurance

Below mentioned are the inclusions under Indo Farm tractor insurance:

• Damages to the third party, such as third-party injury, death and property damage
• Damages to the insured tractor due to natural disasters like cyclones, floods, earthquakes etc.
• Damages to the insured tractor due to riots, strikes, and terrorist activity
• Damages sustained while the insured tractor was in transit via railways, roadways, waterways, etc.
• Damages caused to the insured tractor due to fire or explosion
• Any loss due to the theft, or burglary of the insured vehicle
• Any accidental damages sustained by the insured tractor

Additional Covers Under Indo Farm Tractor Insurance

An Indo Farm Tractor insurance policy can also be extended by purchasing some additional covers at an extra premium. These additional covers include:

• PA Cover for Owner Driver
• Legal Liability to Paid Driver
• PA Cover for Paid Driver
• Zero Depreciation Cover
• IMT 23 Cover
• Engine Protect Cover
• Breakdown Assistance Cover
• Consumables Cover

Exclusions of Indo Farm Tractor Insurance

The Indo Farm tractor insurance does not cover damages arising out of the following risks:

• Damages to the insured vehicle when the driver was driving under the influence of drugs or alcohol
• Any loss arising out of the mechanical or electrical failure of the insured tractor
• Damages due to civil war, nuclear risks or perils
• Damages to the insured tractor when the driver was driving without a valid driving license
• Damages arising out of contractual liabilities
• Damages to the insured vehicle due to general ageing, wear and tear
• Damage sustained by the insured tractor outside the geographical location as specified in the policy
• Damages to the insured commercial tractor if being used for private purposes.

How to Buy Indo Farm Tractor Insurance Online?

To buy Indo Farm tractor insurance online, visit Policybazaar.com and follow these steps:

• Select the ‘Commercial Vehicle Insurance’ page from the ‘Insurance Products’ dropdown
• Fill in the details on the given form
• Now choose the type of commercial vehicle as ‘Tractor’
• Select your vehicle's manufacturer as ‘Indo Farm’
• Now select the Indo Farm tractor's model and variant
• Select your tractor's registration year and RTO
• View Indo Farm tractor insurance prices from various insurance companies
• From the given Indo Farm tractor insurance plans, select your plan and the add-ons that you wish to add.
• Fill out the required form and proceed with payment
• Pay the premium once it has been verified using an online payment mode
• After successful payment, your Indo Farm tractor insurance policy papers will be sent to your registered email address.

How to Renew Indo Farm Tractor Insurance?

For Indo Farm tractor renewal online, follow the steps mentioned below:

• Visit Policybazaar.com and select the ‘Commercial Vehicle Insurance’ page from the ‘Insurance Products’ menu
• Enter your name and mobile number in the given form
• Enter the type of commercial vehicle
• Enter details like tractor’s manufacturer, model, variant, and proceed
• Enter your existing policy expiry and claim details
• From the given Indo Farm tractor renewal plans, choose the one that suits your budget.
• Select add-on covers you wish to add to your plan
• Now pay the premium amount via the payment mode of your choice
• Once you have paid your premium, your Indo Farm tractor insurance policy will be renewed. You will receive your renewal policy documents on your email id.

Claim Procedure for Indo Farm Tractor Insurance

For Indo farm tractor insurance claim, you can follow the below-mentioned steps:

• Inform the insurer to register a claim as soon as your tractor meets with an unfortunate incident
• After the claim registration, a surveyor will be sent to estimate the extent of loss sustained by the insured vehicle.
• Once the estimation has been done, you may be asked for certain documents for the claim to be processed.
• The insured vehicle will then be sent for repairs in a network garage and the insurer will directly settle the claim with the garage post repairs.
• If the repairs have been done in a non-network garage, the insurance company will reimburse you the claim amount after you have paid the bill.

Documents Required for an Indo Farm Tractor Insurance Claim

Here are some essential documents that are required for an Indo Farm tractor insurance claim:

• A copy of the registration certificate
• Copy of a Police FIR
• Driving license of the driver
• The tractor insurance policy documents
• Valid fitness certificate
• Duly filled and signed claim form

• Q5. How to pay Indo Farm tractor insurance premium?

  Ans:You can pay the premium of your Indo Farm tractor insurance on the website of Policybazaar Insurance Brokers Private Limited via online payment modes like net banking, UPI and bank cards.