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Yes, according to the Motor Vehicle Act, it is mandatory to at least have a third-party insurance policy for your tractors to run legally on Indian roads. Moreover, the risks for tractors are high. Therefore, it is advisable to get maximum protection for the same.
It is important to get tractor insurance because standard tractor insurance acts as a shield for various damages like personal accidents, natural calamities, and even third-party liabilities.
Tractor insurance safeguards the vehicle from all possible damage and risks. Damages or loss to the tractor due to natural calamities like floods, earthquakes, fires, landslides, theft, accidents, burglary, strikes, riots, etc. are covered in tractor insurance.
The claim form which should be filled in and signed by the policyholder, RC book of the tractor, Driving license, FIR copy, and Repairs bills in original are the documents that need to be submitted to make a valid claim under your tractor insurance policy.
The advantages of buying tractor insurance online are carefree procedures, minimum documents required, security against fraud, and less time-consuming.
Yes, tractor insurance covers your tractors from direct loss incurred due to the theft.
Tractor insurance covers your tractor from incidents like theft and fire damage as well as insuring you for accidents.
Visit the website of the Insurance Information Bureau, which is framed by the Insurance Regulatory and Development Authority of India (IRDAI), and enter the registration number of your tractor to check the details of your tractor insurance cover.
A policy number is a unique number that an insurance company uses to identify you as a policyholder. The insurance companies use unique numbers to differentiate between their customers.
Comprehensive tractor insurance is best for tractors because it covers fire, theft, natural disasters, and more damages along with third-party harm.
Tractor insurance Cover both Tractor and Tractor driver in case of any mishappening.
Yes, you can insure an old tractor. Many insurance providers offer coverage for older tractors.
At Tractorgyan, fill out the tractor insurance form and we will help you in getting the best tractor insurance plan.
Tractor insurance premium cost is calculated based on tractor value, usage, location, and coverage type, including risks.
One of the most important documents for a tractor is its insurance policy. A tractor insurance policy protects your tractor from any unforeseen damages and losses that could occur due to circumstances such as accidents, collisions, natural disasters, fires, or even theft.
According to the third-party insurance is mandatory in India for all motor vehicles, including tractors, as per the Motor Vehicles Act, 1988. Without insurance, you will be penalised with:
A tractor is a massive investment for anyone. The cost of repairs and replacements can be high. So it will help you protect against:
If you don’t have insurance, you will have to pay the entire cost of repairs or replacement from your own pocket.
If your tractor accidentally damages someone else’s property or injures someone, third-party insurance will cover the cost of compensation. This will save you from financial losses and legal hassles.
Floods, lightning, storms, and earthquakes can cause massive damage to agricultural equipment. Comprehensive tractor insurance will protect you against such unexpected events.
If you have taken a loan to purchase your tractor, banks and NBFCs may require you to have insurance coverage until the loan is repaid.
For most farmers and contractors, the tractor is their primary source of income. Insurance ensures that if the tractor is damaged, there is a quick repair to avoid downtime.
Comprehensive insurance provides complete tractor coverage from fire, theft, or natural disaster, etc., accidental cover and third-party coverage. When compared to other types of insurance for tractors, this one is quite pricey.
Only the damages to a third-party person, vehicle, or property are covered by third-party insurance. It does not cover damage to personal tractors, and the most popular type of insurance since it is less expensive than comprehensive insurance. Theft, natural disasters, and fire are not covered by third-party insurance.
The tractor insurance policy coverage depends on the type of policy you’re buying and the policy provider. However, the standard coverage under a tractor insurance policy is as mentioned below.
Below is a list of damages or losses that are not covered by the standard tractor insurance policies.
You can choose multiple add on cover on your tractor insurance, which gives you more protection.
There are many benefits of buying a tractor insurance plan for tractor owners.
If you want to file a claim for your tractor insurance, you should contact the tractor insurer as quickly as possible if the tractor is involved in an accident or suffers damage. To file a claim for tractor insurance online, go to the insurer's website and fill out the claim form.
To file a tractor insurance claim online, you'll need the following documentation on hand:
You can pick from various tractor insurance companies in India:
Resumingan old tractor insurance policy online is a very simple process. Here are the steps to do so.
Multiple factors influence the premium and coverage of a tractor insurance policy.
Tractor Gyan India’s most impactful agri tech voice help you get the best possible tractor insurance assistance. We have a wide network of verified and registered tractor insurance providers that provide the best tractor insurance plan at the best possible premium.
Applying for tractor insurance is easy with Tractor Gyan. Just fill up above mention form with your details like tractor registration number, year of purchase, registration month, tractor brand, tractor model, name, mobile number, and more, then submit the form.
That's it! We will now connect you with the best tractor insurance policy provider in India.