Fill the below form and we will get back to you in no time!
Goods carrying vehicle insurance protects against specified loss or damage to the insured vehicle and its accessories, along with third-party liabilities arising from the use of the vehicle, subject to the policy terms and limits of liability.
Businesses have different insurance requirements depending on the age of the vehicle, regulatory requirements, and the level of protection they need. Universal Sompo offers different types of goods carrying commercial vehicle insurance to suit these needs.
Comprehensive goods carrying vehicle insurance offers broader financial protection by covering damage to your own vehicle as well as your legal liability towards third parties. It also allows you to enhance your protection with optional add-on covers, wherever available.
It is suitable for businesses looking for extensive protection against unforeseen risks.
Third-party goods carrying vehicle insurance covers your legal liability if your insured vehicle causes bodily injury, death, or property damage to another person.
This cover is mandatory under the Motor Vehicles Act for all registered commercial vehicles.
Standalone Own Damage Insurance covers accidental loss or damage to your insured goods carrying vehicle due to covered events such as accidents, fire or theft. It can be purchased only when a valid third-party liability policy is already in force
Universal Sompo covers loss or damage to the insured vehicle and/or its accessories caused by specified events, including fire, explosion, self-ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, terrorist activity and accidental external means, subject to the policy terms. Show MoreShow Less
Subject to the applicable limits of liability, the policy covers amounts the insured is legally liable to pay following an accident arising from the use of the vehicle, including death or bodily injury to a person and damage to property. The cover also applies to the use of the vehicle during loading and/or unloading. Show MoreShow Less
Personal Accident cover provides compensation for bodily injury or death sustained by the owner-driver in direct connection with the insured vehicle, while mounting into or dismounting from it, or while travelling in the insured vehicle as a co-driver, subject to the applicable terms. Show MoreShow Less
The policy does not cover consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages. It also excludes damage caused by overloading or strain of the insured vehicle and certain losses involving accessories, as specified in the policy terms. Show MoreShow Less
Add-on covers help extend your policy beyond the standard coverage and provide enhanced financial protection for your commercial vehicle.
Depending on the insurer and policy selected, add-ons can help reduce out-of-pocket expenses arising from specific situations that may not be covered under the base policy.
Goods carrying vehicle insurance is designed for commercial vehicles used to transport goods.
Coverage may generally be available for:
Keeping the required documents ready can help make the purchase or renewal process faster and smoother.
You may typically need:
The premium for goods carrying vehicle insurance depends on several vehicle and policy-related factors. These help determine the level of risk associated with the insured vehicle.
Some of the key factors include:
Choosing suitable coverage, maintaining a good claim history and selecting only the add-ons you need can help optimise your insurance premium.
Intimate your claim through the available claim channels. Universal Sompo is available 24/7 for claim assistance.
A surveyor will be assigned to assess the vehicle and the damage.
The claim is assessed and settled in accordance with the applicable policy terms, with repairs carried out through the network garage where applicable.
Buying or renewing your goods carrying vehicle insurance online is simple and convenient with Universal Sompo. Whether you're purchasing a new policy or renewing an existing one, you can complete the process in just a few steps.
Visit the Universal Sompo website.
Enter your goods carrying vehicle details.
Choose the type of insurance and coverage you need.
Select optional add-on covers, if available.
Review your policy details and premium.
Make the payment securely online.
Download your policy instantly.
