Massey Ferguson Insurance

Like other commercial vehicles, it is mandatory to get Massey Ferguson Insurance for its tractors. This is because tractors are also prone to risk and an tractor insurance policy helps to financially cover various types of damages and losses.

Popular Massey Ferguson Models with Insurance Price

Disclaimer: The Massey Ferguson Insurance Price for various tractor models may vary as per the engine capacity, IDV, RTO,  fuel type, year of registration, etc.

Reasons to Buy Massey Ferguson Insurance Policy

Here are the reasons to buy the Massey Ferguson Insurance policy:

• Purchasing Massey Ferguson insurance online is quick and simple.
• As per the Motor Vehicle Act, 1988, it is mandatory to insure commercial vehicles like tractors with at least third-party insurance.
• The Massey Ferguson insurance policy protects tractors against losses and damages caused due to collisions, accidents, natural calamities, and manmade disasters.
• Massey Ferguson insurance claim settlement is easy and fast.
• The facility of No Claim Bonus for claim-free years is also provided.
• Cashless claim settlement options in all the network workshops of the insurer are offered.

Types of Massey Ferguson Insurance Policy

Third-Party Insurance: According to Motor Vehicle Act, it is mandatory to insure all vehicles with at least a third-party insurance policy. Under this type of vehicle insurance, coverage is provided to the third party against any loss or damage incurred to it due to the insured vehicle. So, a third-party Massey Ferguson insurance policy provides insurance cover against any loss or damage incurred to third-party property or person.

Comprehensive Insurance: A comprehensive insurance policy for commercial vehicles provides insurance coverage for own damage and third-party both. However, this type of vehicle insurance policy is not mandatory by law but insurance experts suggest opting for it. The reason for the same is its vast coverage under which one gets insurance for own insured vehicle and third party both against various losses or damages.

Inclusions of Massey Ferguson Insurance Policy

The inclusions of the Massey Ferguson Insurance policy are as follows:

• Any loss or damage incurred due to:
  • Riot, strike
  • Malicious act
  • Terrorist activity
  • Earthquake
  • Rockslide landslide
  • Fire explosion, self-ignition, lightning
  • Theft
  • Accident due to any external means
  • Burglary
  • Housebreaking
  • Strom, hurricane, flood, typhoon
  • Hailstorm, frost, inundation
• Third-party insurance that provides coverage against damages that incur because of bodily injury or death to a third-party person, damage to third party property by the insured commercial vehicle.
• The Massey Ferguson insurance policy also provides personal accident cover in case of death or bodily injuries to the driver and owner of the tractor. Some insurance plans also provide coverage for other occupants of the vehicle apart from the owner and driver.

Additional Covers in Massey Ferguson Insurance Policy

An additional cover is a type of add-on cover or rider benefit that one can opt for with his/her basic insurance cover by paying additional charges. Some of the common additional covers that are offered in a Massey Ferguson insurance policy are as follows:

• Personal accident add-on cover is offered for paid drivers.
• To protect ‘No Claim Bonus’ additional cover is provided.
• If one wants to cover the legal liabilities of his/her paid drivers or employees, he/she can opt for an add-on cover for this.
• Another add-on cover is ‘Return of invoice’, which is offered to the Massey Ferguson insurance policyholders.

Apart from these, there are some other additional covers like zero depreciation cover, electrical accessories cover, etc. are also offered by some of the insurance providers.

Exclusions of Massey Ferguson Insurance Policy

The exclusions of the Massey Ferguson insurance policy are as follows:

• Common wear and tear are not covered.
• Depreciation of the vehicle with time is also not covered.
• Any electrical or mechanical breakdown of the tractor/commercial vehicle is not covered.
• If the loss or damage occurs due to the use of a tractor beyond its limits, it is not covered.
• Any loss or damage incurred by a person driving the vehicle under the influence of alcohol or other narcotic drugs.
• Any loss or damage incurred by a person who is driving the tractor without a valid driving license.
• Any loss or damage incurred due to war, nuclear exposure, or mutiny.
• Any consequential damages are not covered.

How to Buy Massey Ferguson Insurance Online

In this era of the internet and e-commerce websites, one can buy everything online and so is the case with insurance policies. One can buy Massey Ferguson insurance online by following the below-mentioned steps:

• Visit the page of commercial vehicle insurance and click the option for buying commercial vehicle insurance.
• Provide all the necessary details such as the make and model of the Massey Ferguson tractor, its RTO information, details of manufacturing, type of insurance like comprehensive/third-party insurance, claim details, etc.
• After providing all the needed details, one can choose the insurance quote from the list of insurers for the Massey Ferguson tractor.
• Now, one should select an insurance policy that is according to his/her requirements and after this, he/she can make the payment.
• The policy after this is mailed to the registered email id of the insured or he/she can download it.

How to Renew Massey Ferguson Insurance Online

The steps to renew the Massey Ferguson Insurance policy online are as follows:

For renewal of the policy, a policyholder has to provide the renewal form of Massey Ferguson insurance with the following information. After this a representative will get in touch:

• Policyholder’s name
• His/her email-id
• His/her mobile number
• His/her landline number (if available)
• Massey Ferguson tractor model
• Registration city of the tractor
• Registration year
• Whether the previous Massey Ferguson Insurance policy was expired or not
• Type of tractor insurance policy:
  • Purchase a Massey Ferguson insurance policy for a brand new tractor
  • Renew an existing Massey Ferguson Tractor Insurance policy
  • Renew an existing Massey Ferguson Tractor Insurance policy from a different insurer

Massey Ferguson Tractor Insurance Policy Claim Procedure

• At the time of claim filing for Massey Ferguson tractor, the first step one has to do is to inform his/her insurance provider at its toll-free number.
• For cashless claim settlement of Massey Ferguson insurance policy, one has to fix an appointment with the surveyor of the insurance provider. After completion of the survey, the tractor is taken to any of the network workshops of the insurance provider for repair.
• A policyholder should provide all the necessary documents to the surveyor.
• The insurer can confirm the liability only after this.
• If the policyholder opts for the cashless facility, then the Massey Ferguson insurance provider will do the claim settlement directly with its network garage.
• However, if one avails the reimbursement facility, then he/she needs to settle the cost of the claim first by him/herself. Later, he/she has to provide all the original documents with the claim form to the insurance provider for claim settlement.

Documents Required for Massey Ferguson Insurance Claims

• Duly signed and filled claim form
• Registration certificate’s copy
• Driving license’s copy
• Repair’s estimate
• Copy of FIR
• Load challan (for commercial vehicles)