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Goods Carrying Vehicle
This insurance policy can be used to insure any motorised vehicle that carries goods (the insured owner's own or for hire) including three-wheeled motorised rickshaws and motorised pedal cycle rickshaws.

Risks covered
This insurance policy provides compensation to the insured party based on

Own damage

Actual amount for repairs/ replacement subject to depreciation and sum insured.
Garage and towing charges limited to Rs.1,000/-
Market value or sum insured, whichever is lower in case of a certifiable total loss.

Exclusions

This insurance policy will never pay any claims arising from

Compulsory excesses specified by the policy
Consequential loss, depreciation, regular wear and tear, mechanical or electrical breakdown
War or nuclear perils
Vehicle being used outside the geographical limit of operation or is being driven by a person other than the authorised driver
Drunken driving or contractual liability
Damages to tyres unless vehicle is also damaged and liability is limited to 50 percent of the cost of replacement
Damage to lamps, mudguards, bonnet, bumpers or paint unless the vehicle is damaged at the same time