Vehicle Insurance
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When you buy an Ashok Leyland Vehicle you must also opt for a Vehicle insurance policy to secure it. The insurance shields your Vehicle in the situation of an accident, theft, or a mishap by providing compensation for the damages and losses. Vehicle insurance coverage provides huge financial stability for policyholders in the situation of an accident or a mishap. Buying a Vehicle is not simple for everyone, which enhances the value of Vehicle insurance to safeguard it from events like vandalism, fire, theft, accident, natural and manmade calamities. To enjoy the coverage for your own Vehicle, you need to pick a standalone own-damage Vehicle insurance plan or comprehensive Vehicle insurance policy.
Every Ashok Leyland Vehicle owner is required to own at least a liability only insurance cover to drive legally, as per the Indian Motor Tariff. It is designed to cover liabilities you own towards a third party for injuries, death and property damage. The premium of Vehicle insurance for your Ashok Leyland Vehicle largely depends on the Insured Declared Value (IDV) of the Vehicle. The IDV is computed by deducting the depreciation value of the Vehicle from the selling price, which depends on the age of the Vehicle. It is the maximum amount of compensation that a policyholder can get from the insurance provider.
To enhance the coverage of your Ashok Leyland vehicle insurance, you can opt for different add-on covers. They are optional covers designed to suit diverse individual needs and you can buy them by paying a little extra premium along with the standard premium. Here are a few add-on covers which could be a great addition to your Ashok Leyland Vehicle insurance:
· Zero Depreciation Cover: This add-on cover eliminates the default depreciation cost that has to be deducted during the calculation of the claim settlement amount. However, the add-on covers are available only for less than five-year-old Vehicles and can be utilised a limited number of times in a year.
· IMT 23 Cover: To cover excluded items like- bumper, headlights, fender, bonnet parts, tyre, tubes & painting in commercial vehicle IMT23 is used. Extra premium is taken to cover these items.
The renewal process for Ashok Leyland Vehicle insurance is simple, swift and seamless. It is compulsory for all the policyholders to renew their plans before their expiry dates every year without any break to continue to enjoy their benefits. For renewal of your Ashok Leyland vehicle insurance policy, please call at:
Ghaziabad/Noida/Delhi : + 91 8287111588
Gurgaon/Delhi : +91 8287111038
When it comes to the Vehicle insurance claim, you can go for a cashless facility where you can get your Ashok Leyland Vehicle repaired without paying anything. To avail the cashless option, you should take your Vehicle only to a network garage of your insurer for repair and convey your insurance company at the earliest about the accident to initiate the process. Under this facility, the insurance company pays the repair bill directly to the garage, after examining relevant documents like repair invoice, policy document, due to which you get a free repair service.
The cashless Vehicle insurance facility frees you from paying a bill after a mishap. Also, this process requires you to go through a lesser amount of documentation and formalities compared to the reimbursement claim process. It is also a time-saving procedure as a surveyor is sent to the accident spot or garage by your insurer to examine the damage extent and send its report for approval. Lastly, the network garages, where you get your vehicles repaired under the cashless claim process, are the best repair service centers as insurers authorised workshops that fulfil their quality standards.
The Vehicle insurance policy expiration can make you lose various benefits and you can face a fine for the legal violation, loss of coverage, and NCB benefits. Losing such options can amplify your hassles as now you can be caught and penalised for driving a vehicle without an active insurance plan, no compensation will be offered for damages and losses sustained by your vehicle and your accumulated NCB benefit could lapse. Therefore, if your vehicle insurance policy expires, you should stop driving your Vehicle and connect with us immediately to renew it.