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Personal Accident Cover
Essential coverage for the owner/driver against unforeseen accidents resulting in losses or injuries.- Need Help
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Ready To Get Started?
Reach Out & Give Us A Call. We're Here To Help.
1800102111
Need Support?
Have Queries About Your Current Product? Please Write Us An Email & We'll Sort it Out.
customer.care@sbigeneral.in
Robust Protection for Your Vehicle and Against Third-Party Claims
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Guard Against Nature's Wrath
Shield your vehicle against damages caused by unpredictable natural calamities.
Protection Against Human Actions
Coverage against damages arising from human-induced events such as theft, riots, and strikes.
Third-Party Liabilities Shield
Defend against legal claims and compensations owed to third-parties due to accidents caused by the insured vehicle.
Why Opt for a Motor Trade Road Risk Insurance Policy?
Comprehensive Protection Against Varied Risks
With SBI General’s Motor Trade Road Risk Insurance, benefit from dual coverage - for damages to your vehicle and potential third-party claims. Enjoy extensive protection against a wide variety of risks – from accidents to natural and human-induced mishaps.
Who should buy this policy?
This policy is crafted for vehicle owners looking for a comprehensive safety net against both personal and third-party risks. Adhering to the Motor Vehicle Act, 1988, it ensures you're legally compliant while offering extensive protection, enabling you to drive with confidence on Indian roads.
What is Covered Under Motor Trade-Road Risk
Take a look at the various features of the Motor Trade-Road Risk offered by SBI General Insurance
Key Feature
- This form of cover provides Insurance against.
- Loss, destruction or damage to the insured vehicle caused by an insured event as stated in the policy wording.
- Any liabilities as described in B) below.
- This form of cover provides Insurance against.
- Legal Liability to pay compensation for third-party injury or death arising out of the use of the insured vehicle.
- Legal Liability to pay compensation for third-party property damage caused by the use of the insured vehicle.
- Compulsory Personal Accident for the owner-driver of the Insured Two-wheeler as per the policy terms and conditions.
Liability Only Cover
What’s Covered
- Third party liability: protects against any legal liability arising out of the use of the vehicle, towards third parties arising on bodily injury to / on death of a person and any damage caused to third party property.
- Loss or damage to the vehicle: The Policy covers against any loss or damage caused to the vehicle or its accessories due to the following natural and man - made calamities.
- Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
- Man-made Calamities:Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, and any damage in transit by road, rail, inland waterway, lift, elevator or air.
- Private Use– Policy may be extended to cover user of vehicles for social domestic and pleasure purposes.
- Demonstration– Policy may be extended to cover driving for purposes of demonstration.
- Tuition–Driving Extension-Policy may be extended to cover driving for purposes of Tuition.
- Paid driver/conductor/cleaner employed in operation of vehicle.
- Employees travelling in/driving the vehicle other than paid driver.
Coverage
Additional covers at extra cost
1.Additional Legal liabilities:
The following additional legal liabilities may also be opted for at an additional premium.
What’s Not Covered
- Normal wear, tear and general ageing of the vehicle.
- Depreciation or any consequential loss.
- Mechanical/ electrical breakdown.
- Vehicle being used otherwise than in accordance with limitations as to use.
- Damage to / by a person driving the vehicle without a valid license.
- Damage to / by a person driving the vehicle under the influence of drugs or.
- Liquor.
The Company will not be liable under the Policy in respect of loss or damage due to
any loss/damage to the vehicle and/or its accessories will be not be covered if caused by the following-
Key Feature
What’s Covered
What’s Not Covered
Key Feature
- This form of cover provides Insurance against.
- Loss, destruction or damage to the insured vehicle caused by an insured event as stated in the policy wording.
- Any liabilities as described in B) below.
- This form of cover provides Insurance against.
- Legal Liability to pay compensation for third-party injury or death arising out of the use of the insured vehicle.
- Legal Liability to pay compensation for third-party property damage caused by the use of the insured vehicle.
- Compulsory Personal Accident for the owner-driver of the Insured Two-wheeler as per the policy terms and conditions.
Liability Only Cover
What’s Covered
- Third party liability: protects against any legal liability arising out of the use of the vehicle, towards third parties arising on bodily injury to / on death of a person and any damage caused to third party property.
- Loss or damage to the vehicle: The Policy covers against any loss or damage caused to the vehicle or its accessories due to the following natural and man - made calamities.
- Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
- Man-made Calamities:Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, and any damage in transit by road, rail, inland waterway, lift, elevator or air.
- Private Use– Policy may be extended to cover user of vehicles for social domestic and pleasure purposes.
- Demonstration– Policy may be extended to cover driving for purposes of demonstration.
- Tuition–Driving Extension-Policy may be extended to cover driving for purposes of Tuition.
- Paid driver/conductor/cleaner employed in operation of vehicle.
- Employees travelling in/driving the vehicle other than paid driver.
Coverage
Additional covers at extra cost
1.Additional Legal liabilities:
The following additional legal liabilities may also be opted for at an additional premium.
What’s Not Covered
- Normal wear, tear and general ageing of the vehicle.
- Depreciation or any consequential loss.
- Mechanical/ electrical breakdown.
- Vehicle being used otherwise than in accordance with limitations as to use.
- Damage to / by a person driving the vehicle without a valid license.
- Damage to / by a person driving the vehicle under the influence of drugs or.
- Liquor.
The Company will not be liable under the Policy in respect of loss or damage due to
any loss/damage to the vehicle and/or its accessories will be not be covered if caused by the following-
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FAQs about Motor Trade- Road Risk
Here are the commonly asked questions about Motor Trade-Road Risk
If you are in business of motor trade selling new cars of any specific manufacturer, you will need to obtain insurance for unregistered vehicles kept at show room or at warehouse or during transit from warehouse to show room within a specified radius as defined in policy.
The size of the business doesn’t matter. The insurance covers all types of motor trade business.
Damage, theft, fire, or loss to vehicles are third-party liabilities are covered under the Motor Trade Insurance Policy.
That depends on the type of vehicle in use and the primary city of operation, etc. For more detailed information, you can check and quote.
Product UIN
IRDAN144CP0015V01201213
Disclaimer:The above information is indicative in nature, for more details on complete coverage and terms & conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.
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