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Car Transit Insurance India – ICICI Lombard Personal Car Insurance will compensate you for any loss or damage to your vehicle and its accessories in the event of:
Personal Accident Insurance (LCP) provides financial protection in the event of death or bodily injury caused by an accident. It is included in your standard vehicle insurance and works in the same way as general insurance to provide financial protection.
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In the event of death or bodily injury to the owner’s driver, the company will pay him compensation based on the following information:
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Loss of either limb or vision in both eyes, or loss of a limb and vision in one eye.
Insured value (IDV) is the maximum amount your insurance company will cover if your vehicle is damaged or stolen. In other words, IDV is the maximum compensation you can receive from your vehicle insurance.
1. Zero diminution in value If you pay an additional premium to your insurance company, they will not deduct any amount for diminution in value when replacing damaged parts of your insured vehicle and/or its accessories due to the perils covered by the policy. However, please note that this recommendation only applies to the first two claims made during the policy period. Any subsequent claims may be subject to depreciation at the rates set out in the policy schedule.
The compensation will only apply if the company has accepted the complaint according to § 1 of the insurance. However, it will not apply if the vehicle covered by the insurance is assessed as a total loss or total constructive loss.
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Every time you make a claim under this supplement, you must pay a certain amount called the Voluntary Deductible. This is in addition to the excess applied under the original policy. In addition, the premium calculated for this compensation will be discounted according to the attached table called “Voluntary Zero Depreciation Deduction”.
2. Consumables If you pay an additional premium, your insurance company will cover the expenses you incur for consumables in the event of damage to your vehicle and/or its accessories caused by a peril covered by your insurance.
Consumables refer to goods or substances that have specific areas of use. These goods, when used in accordance with their intended purpose, are either completely worn out or suitable for continuous and permanent use.
These include nuts and bolts, screws, washers, grease, lubricants, brake calipers, AC gas, bearings, distilled water, engine oil, oil filters, fuel filters, brake fluid and similar items covered by this policy and subject to the terms and conditions. , exclusions, conditions and limitations.
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If the vehicle is removed from the garage, the company is not responsible for any additional charges due to accidental loss or damage.
A) Your vehicle has not been delivered to the workshop within 24 hours of the accident or loss, and
4. NCB Protect If you pay an extra premium, you will receive a No Claims Bonus according to the table below in Part I of the policy.
You will not get any No Claim Bonus if you make more than three claims under your Part I policy during the same policy period. This is subject to policy terms, exclusions, conditions and limitations.
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5. Return of invoice After payment of the additional premium, the company pays the insurance amount calculated as the difference between the insured value (IDV) of your vehicle and the total actual costs for the purchase of a new vehicle. the make and model of the insured vehicle at the manufacturer’s or dealer’s on-the-road price in the event of total loss or total constructive loss as defined in the policy.
6. Engine Protect Plus For an additional fee, the company will reimburse you for the repair or replacement of damaged engine parts, differentials and gearbox components due to water ingress or lubricating oil leakage.
In this case, accident insurance requires proof of damage to the chassis, specifically engine parts, transmission parts and/or differential parts, which caused the oil leak and subsequent damage to the covered parts.
7. Roadside assistance If an additional premium is paid, it is agreed that the insurer will cover a maximum of 4 damages related to emergency services, regardless of other provisions of the insurance. You can order these services yourself. These services are available in areas where the company has workshops or service providers.
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If your vehicle becomes immobile or is no longer roadworthy, the company will arrange towing to the nearest workshop within a radius of 50 km from the breakdown/accident. However, you will be responsible for paying any charges for distances outside this radius.
If your vehicle or any part of it experiences minor mechanical problems, defects or malfunctions, the company will provide telephone assistance to find solutions.
If your vehicle runs out of fuel and cannot move, the company will provide you with up to 5 liters of fuel at the breakdown site. However, please note that the company is responsible for labor and transport costs, and you will be responsible for fuel costs.
If your vehicle is filled with the wrong type of fuel, the company will arrange for technicians to empty the fuel tank. If necessary, they will also arrange for your vehicle to be towed to the nearest workshop to drain the fuel tank. However, please note that any towing charges are your responsibility.
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If you lose your vehicle keys, the company will arrange replacement keys and deliver them to your location or send vehicle technicians to unlock the vehicle at your location. All labor and transport costs will be covered by your insurer, but proof of ownership of the vehicle must be provided before using this service. Additionally, the service is only available within a 100 km radius of the location.
If your vehicle stalls due to a dead battery, the company will send an auto technician to start your vehicle. However, you will be responsible for all costs associated with charging or replacing the battery. The company will cover all technical and transportation costs to help with start-up.
If your vehicle becomes immobilized due to an accident or breakdown, the Company will send urgent messages to designated persons at your request, using all available means of communication.
If your vehicle becomes immobilized due to flat tires, the company will make necessary arrangements for – Transit Insurance which is necessary to protect your goods during transit from one place to another. It provides protection against damage and loss that may occur during transport, so that you do not suffer significant losses.
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The cost of the transit insurance premium depends on the value of the transported goods and the level of risk during the insurance period.
Cargo insurance, also known as freight insurance, is a type of insurance that covers loss or damage to goods while they are in transit. It protects against accidents, theft, fire, natural disasters and other unexpected events that may occur during the transportation process.
This type of insurance is often used by companies and individuals involved in freight transport. Provides financial protection by covering all or part of the item’s value and any associated shipping costs.
Transport insurance is essential to protect your goods and merchandise during transport. Here’s why you need it:
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By having transit insurance, you minimize the financial risks associated with transport accidents and can be sure that your goods and merchandise are well protected during the transit process.
When it comes to transit insurance, there are different types of insurance available to suit different needs. The main types of transport insurance include:
In the digital age, online transit insurance options are also available. Here are the types of online motor insurance:
When it comes to insuring goods in transit, there are different types of insurance available. Here are the popular types of freight insurance:
Goods In Transit Insurance
It is important to carefully consider the coverage and specific terms of each type of transit insurance to choose the one that best suits your business or personal needs.
Transport insurance provides compensation for the unavoidable risk of damage to goods during transport. Here are the risks that transport insurance protects your cargo against:
When it comes to marine transport insurance, there are a few main exceptions to note. These exclusions identify situations where insurance coverage may not apply. Here are important exceptions to note:
It is important to review the specific terms of your transit insurance to fully understand applicable exclusions and limitations.
Goods Carrying Vehicle Insurance
Transit insurance is intended to protect goods during transport. It can be purchased by various parties involved in the process. Here are the types of people and businesses that can benefit from transit insurance:
Online transport insurance is a convenient and effective way to protect goods during transport. Here’s what you need to know:
When choosing transport insurance online,
