Powertrac Tractor Insurance

Powertrac Tractor Insurance Overview

Powertrac tractors are well known for their efficiency, reliability, and performance. These tractors can be used for multiple agricultural activities such as harvesting, planting, ploughing, levelling, etc.

Powertrac tractor insurance is not only a mandatory but also an essential requirement to cover a Powertrac tractor from unanticipated events like road accidents, manmade disasters, theft, fire, etc. It also protects the insured commercial vehicle from any liability arising out of third-party damages or injury due to the insured tractor.

Reasons to Buy Powertrac Tractor Insurance Policy

Below mentioned are a few reasons to purchase a Powertrac tractor insurance policy for your vehicle:

• Financial Coverage: Powertrac tractor insurance will offer you financial assistance if your tractor encounters any mishap on road.
• Legally Mandatory: Buying a commercial vehicle insurance policy for your Powertrac tractor is also legally mandatory as per the motor laws of India.
• Additional Coverage: You can also enhance the coverage of your Powertrac tractor insurance policy by purchasing add-on covers at an extra premium amount.
• Third-Party Liability: Powertrac tractor insurance can also cover accidental third-party damage or injury arising out of the insured car.

Types of Powertrac Tractor Insurance Policy

The two main types of Powertrac tractor insurance policies offered by insurers in India include:

Powertrac Third Party Liability Tractor Insurance Policy

A third-party liability commercial vehicle insurance policy provides coverage for losses sustained by a third party including third party injury, death, and property damage due to the insured vehicle. A third-party cover is a mandatory cover to drive as per the motor laws of India.

This policy is limited in coverage and does not compensate against its own damages sustained by the insured vehicle.

Powertrac Comprehensive Tractor Insurance

A Powertrac comprehensive tractor insurance policy provides coverage for losses or damages to the insured commercial vehicle arising out of unanticipated mishaps like collision, theft, fire, etc. This tractor insurance policy also covers all accidental third-party liabilities caused due to the insured vehicle. Moreover, a comprehensive commercial insurance policy can also be enhanced by purchasing additional covers.

Inclusions of Powertrac Tractor Insurance Policy

A Powertrac tractor insurance policy covers the following risks and damages:

• Any third party property damage or injury and death of the third party
• Damages to the insured tractor when the driver was under the influence of alcohol
• Damages sustained by the insured tractor when the driver was not carrying a driving license
• Losses to the insured vehicle due to fire, explosion etc
• Loss of the insured tractor due to theft, housebreaking or burglary
• Any damage sustained by the insured Powertrac tractor when it was in transit via land, air or water.

Additional Covers Under Powertrac Tractor Insurance

The coverage of a Powertrac tractor insurance policy can also be increased by purchasing additional covers at an extra premium. These add-ons are:

• Legal Liability for Paid Driver
• IMT 23 Cover
• Personal Accident Cover
• Roadside Assistance Cover
• Zero Dep Cover
• NCB Protect Cover

Exclusions of Powertrac Tractor Insurance Policy

A Powertrac insurance policy does not cover the following damages:

• Claims arising out of any contractual liability
• Damages to the insured tractor when being driven outside the specified geographical area
• Losses sustained by the insured vehicle when the driver was drunk
• Losses to the insured vehicle when the driver was driving without a valid license
• Any loss arising out of general ageing, normal wear and tear of the insured Powertrac tractor
• Damages to the insured vehicle due to mechanical failure
• Damages caused to the insured commercial tractor if being used privately.

How to Buy Powertrac Tractor Insurance Online?

Visit the official website of Policybazaar Insurance Brokers Private Limited and follow these steps to purchase a Powertrac tractor insurance policy:

• From the ‘Insurance Products’ menu, navigate to the ‘Commercial Vehicle Insurance’ page
• Enter your name and mobile number and proceed forward
• Select the type of vehicle, and manufacturer name
• Enter your tractor model, RTO and registration year of your Powertrac tractor
• Now choose the desired Powertrac tractor insurance plan and any add-on you wish to buy along with your plan
• Fill in the required details and proceed with premium payment via online payment modes
• Once the premium has been paid, your tractor insurance papers will be sent to you at your email address.

How to Renew Powertrac Tractor Insurance?

For Powertrac tractor insurance renewal, follow the steps mentioned below:

• From Policybazaar.com, go to the ‘Commercial Insurance’ page
• Enter the required details such as your name and contact number
• Choose vehicle type, manufacturer, RTO, registration year and tractor variant
• Enter previous commercial vehicle insurance policy details
• Select the Powertrac Tractor insurance renewal plan and required add-ons
• Pay the tractor insurance premium via the desired payment method
• After successful payment, your Powertrac tractor insurance renewal papers will be mailed to you.

Claim Procedure Under Powertrac Tractor Insurance

For a successful Powertrac tractor insurance claim settlement, follow these steps:

• Inform the insurer about the damages to your tractor so that they can register a Powertrac tractor insurance claim
• The insurer will send a surveyor to examine the damages caused to the insured tractor. The surveyor may ask for certain documents for the further claim settlement process
• The insured tractor will be sent for repairs to a network garage and the insurer will settle the claim with the garage
• If the repairs have been done in a non-network garage, the insurance company will refund you the claim amount after the repairs.

Documents Required to Raise A Claim Under Powertrac tractor Insurance

Here are the necessary documents that you need to keep handy to raise a Powertrac tractor insurance claim:

• Duly filled and signed claim form
• Copy of tractor insurance papers
• Driving licence of the driver
• Valid fitness certificate
• Copy of Policy FIR
• Copy of registration certificate