Tempo Traveller Insurance

Why to Buy Tempo Traveller Insurance?

Some of the reasons to purchase a commercial vehicle insurance for your tempo traveller are mentioned below.

• Legal Mandate: As per the Indian Motor Vehicle Act, it is mandatory to have at least a third party tempo travaller insurance.
• Financial Coverage: A tempo traveller insurance will also provide financial protection against damages and losses caused due to any man-made or natural disasters, terrorist activities, theft, fire, etc.
• Comprehensive Coverage: A comprehensive tempo travaller insurance will ensure that not only third party liabilities are covered but damages caused to your own vehicle are also covered.

Types of Tempo Traveller Insurance

You can get the following 2 types of commercial vehicle insurance for your tempo travellers:

1. Third Party Insurance

   A third party tempo traveller insurance is mandatory as per the Indian Motor Vehicle Act. However, a third party insurance will only provide financial protection against damages caused to third-party property or person. Damages caused to your tempo traveller will not be covered under a third party commercial vehicle insurance.

2. Comprehensive Insurance

   A comprehensive commercial vehicle insurance is an optional coverage for your tempo traveller. It not only provides coverage against third party liabilities but also covers losses or damages caused to your tempo traveller.

What are the Add-Ons Available Under Commercial Tempo Traveller Insurance?

You have the option to choose from several additional coverage or endorsements with your tempo traveler insurance at an additional premium. Some of them are mentioned below:

• IMT 23: The IMT 23 is an extended cover available for all commercial vehicles. It provides an extended coverage to tyres and tubes, lamps, bonnet, mudguards, side parts, headlights, bumpers, paintwork of damaged portions, etc after considering and deducting the depreciation costs.
• Zero Depreciation: While settling a claim, the insurer always deducts the depreciation cost as per the age of the vehicle. With the zero depreciation add-on, the insurer will not deduct any depreciation costs on the repaired parts such as glass, fiber glass, etc, in case of an accidental claim.
• Electrical and Non Electrical Accessories: This add-on covers your vehicle against any damage or loss occurring to your accessories and fittings that are not a part of the manufacturer's initial selling price.
• Personal Accident (PA) Cover: Insurer companies not only offer the mandatory PA Cover for the owner driver of ₹15 lakhs, but also offer additional PA cover of either ₹1 lakh or ₹2 lakhs for the paid driver.

How to Buy a Tempo Traveller Insurance?

A tempo traveller insurance is a type of commercial vehicle insurance. You can follow the steps mentioned below to buy a tempo traveller insurance online from Policybazaar.

• Step 1: Navigate to policybazaar.com and tap on 'commercial vehicle insurance' from the homepage.
• Step 2: Enter the registration number of your tempo traveller. If you have purchased a new vehicle, click on the 'Brand New Vehicle' option.
• Step 3: Fill in all the required details, choose the IDV and add-ons
• Step 4: Finalise the plan and pay the premium using netbanking/cards/UPI.
• Step 5: Get your tempo traveller policy instantly on your registered mobile number and email address.

How to Renew Tempo Traveller Insurance?

You can renew your tempo traveller insurance from policybazaar.com using the steps mentioned below.

• Step 1: Go to policybazaar.com and choose 'commercial vehicle insurance' from the homepage.
• Step 2: Enter the registration number of your tempo traveller and click on submit.
• Step 3: Fill in the IDV as per your previous policy and select all the required add-ons
• Step 4: You can choose the most appropriate plan and renew your insurance.
• Step 5: Pay the premium using netbanking/UPI/cards.
• Step 6: The insurance will be sent on your email address.

How to File a Claim under Tempo Traveller Insurance?

You can easily file a claim under your tempo traveller insurance by using the steps mentioned below.

• Inform the Insurer: You must immediately intimate the insurer in case of any accidental claim.
• Damage Survey: A surveyor will be sent to assess the damages incurred by your tempo traveller.
• Submission of Documents: Submit all the required documents to the surveyor to verify and file your claim. The insured vehicle will be sent to a garage after successful verification and document submission.
• Settlement of the Claim: Once the repairs are finally completed, the insurer will directly settle the claim.