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What is Truck Insurance?

Truck insurance is a type of commercial vehicle insurance that protects the owners and operators of commercial trucks from damages and losses that could be caused due to accidents, collisions, natural calamities, fires and malicious acts. Also covers the truck from both own mandatory third party liabilities.

What is What kind of Different Truck

Trailer Truck Insurance

Trailer truck insurance is a specialized type of commercial vehicle insurance designed to provide comprehensive protection. It protects your trailer from damage or loss due to accidents, theft, fire, vandalism, and natural disaster. It can also cover medical expenses.

Loader Truck Insurance

Comprehesive loader insurance policy equally looks after causes damages and the interest of both driver and owner. These policies address the unique risk associated with operating trucks equipped with loaders which are often used in landscaping, construction and other heavy duty applications.

Tippers Truck Insurance

Tipper truck insurance is a specialized form of commercial vehicle insurance designed to cover vehicles used for transporting and dumping loose materials such as sand, gravel, or demolition waste. These trucks are integral to the construction, landscaping, and mining industries. Due to their specific functions and the risks associated with their operation, tipper trucks require comprehensive insurance coverage tailored to their unique needs.

Tanker Truck Insurance

Tanker truck insurance is a specialized type of commercial vehicle insurance designed for trucks that transport liquids or gases. These vehicles, often referred to as tankers, carry a variety of substances, including fuel, chemicals, water, milk, and other hazardous or non-hazardous materials. Because of the unique risks associated with transporting such cargo, tanker trucks require comprehensive insurance coverage tailored to their specific needs.

Dumper Truck Insurance

Dumper truck insurance is a comprehensive insurance policy designed to cover liabilities and own damages associated with dumper trucks. These type of trucks are used at construction site and where risk is high.

Why should I Buy Commercial Truck Insurance?

Commercial truck insurance shield your business from collateral damage and protects your vehicle from financial loss due to unprecedented circumstances.

Why Choose Commercial Truck Insurance by Bima Renew?

Bima Renew offers comprehensive commercial truck insurance known for competitive pricing and extensive coverage options.We stand to be a reliable company in the motor insurance domain in the country. It is our aim to deliver the best to you and ensure that we have got you covered at all times. Our policies are tailored to meet specific business needs, providing peace of mind and financial security.

What's Covered In Truck Insurance?

Liability Coverage

Protects against bodily injury and property damage claims from accidents involving your truck.

Physical Damage Coverage

Covers repair or replacement costs for your truck if damaged in an accident, theft, or vandalism.

Cargo Insurance

Covers the goods or cargo being transported against damage or theft.

Medical Payments

Covers medical expenses for you and your passengers in case of an accident.

What's Not Covered in Truck Insurance?

Intentional Acts

Damage caused intentionally by the insured.

Normal Wear and Tear

Damage due to gradual wear and tear.

Illegal Use

Damage or losses incurred while using the tractor for illegal activities.

Driving under the influence of alcohol or other substances

The claim will not be accepted if the driver was driving under the influence of alcohol, drugs or other substances.

Key Features of Commercial Truck Insurance by Bima Renew

Customizable Plans

Tailored to meet specific trucking business needs.

Additional Coverage Options

Roadside assistance, rental reimbursement, and more

No Claim Bonus

Based on your previous claim history, you are eligible for an attractive No Claim Bonus (NCB). If you do not make any claims in the preceding year or years, you are entitled to an NCB on the Own Damage (OD) section of the policy

Damage Cover

We provide cover if your car is damaged partially or completely due to any natural calamities (such as; fire, explosion, self-ignition/lightning, earthquake, flood, etc.) or man-made calamities (such as; burglary, theft, riot, strike,terrorist activity, damage in transit by road, rail.

24/7 Customer Support

Efficient claims processing to minimize downtime.

Competitive Premiums

Affordable pricing with flexible payment options.

Types Commercial Truck Insurance Plans

  • Primary Liability Insurance: Covers damages to others caused by your truck.
  • Physical Damage Insurance: Covers damage to your own truck.
  • Cargo Insurance: Covers damage to goods being transported.
  • Non-Trucking Liability Insurance: Covers your truck when not on dispatch for the motor carrier.

How To Claim?

Unexpected events happen on the road, and when they involve your commercial vehicle, downtime can be a major financial setback. BimaRenew understands the critical role your vehicle plays in your business. That’s why we offer a streamlined claims process to get you back on the road quickly and minimize disruption.

What We Cover:

  • Accidents: Collisions with other vehicles or objects, rollovers, and hit-and-run incidents.
  • Theft: Partial or complete theft of your vehicle.
  • Vandalism: Damage caused by vandalism or malicious acts.
  • Fire & Explosion: Damage caused by fire, lightning, or explosion.
  • Natural Disasters: Damage caused by floods, hail, storms, or other natural disasters (refer to your policy wording for specifics).

Fast and Hassle-Free Claims Process:

  • Report the Incident: Always contact the police immediately to file a report in case of an accident or theft. This report is crucial for your claim.
  • File Your Claim: We offer two convenient ways to file your claim:
  • Online: Submit your claim details and photos of the damage through our secure online portal (link to online claim form). This is the fastest and easiest way to initiate your claim.
  • Offline: Download the claim form (link to claim form) and submit it along with the required documents (listed below) to your nearest BimaRenew partner branch office. 

Required Documents:​

  • Completed and Signed Claim Form: Ensure all details are accurate and the form is signed by an authorized representative of your company.
    • Registration Certificate (RC) photocopy: A clear copy of your vehicle’s Registration Certificate is mandatory.
    • Driver’s License photocopy: Provide a photocopy of the valid driving license of the driver involved in the incident.
    • Valid Fitness Certificate photocopy: A copy of your vehicle’s most recent fitness certificate is required.
    • Police Report (FIR): In case of accidents involving third-party injury/death or property damage, a copy of the FIR is essential.
    • Dedicated Claims Representative: Once you file your claim, a dedicated claims representative from BimaRenew will contact you to discuss your claim details and guide you through the next steps. This includes arranging for repairs (if applicable) and ensuring a smooth claims settlement process.

For any other inquiries, kindly call us at +91-85279 47284 or mail us at Support@bimarenew.com.

Taxation Through Bima Renew

Dear Customer, We are pleased to inform you that our website, www.bimarenew.com, now offers Vehicle tax payment services. You can conveniently manage and pay your taxes through our platform, ensuring a seamless and efficient experience.

Click Below to Submit the Taxation form

Click here

Frequently Asked Questions

Factors such as driver experience, truck value, cargo type, and driving history can impact insurance premiums.
Yes, many policies allow adding multiple drivers, though their driving records will affect premiums.
Yes, discounts may be available for good driving records, fleet policies, safety equipment installations, and more.
You can potentially reduce premiums by maintaining a good driving record, investing in safety features for your trucks, and bundling policies with the same insurer.
Vehicle insurance companies in India have tie-ups with authorized garages across the country. Such tie-ups can help the policyholder avail of certain benefits in case of emergencies. One of these benefits is the cashless repair facility. This service gives assurance that in case the vehicle of the insured has damaged and needs urgent repair; the will coordinate and pay the expenses on behalf of the insured.