Tractor Insurance

What is Tractor Insurance and How Does It Work?

One of the most important documents for a tractor is its insurance policy. Tractor insurance is a type of commercial vehicle insurance policy formulated to protect your farm tractor from any unforeseen damages and losses that could occur due to circumstances such as accidents, collisions, natural calamities, fires, or even thefts. There are millions of tractor in India. All tractors are required by law to be insured with tractor insurance in India. 

Insurance for tractors comes in a variety of forms, depending on the type of tractor, engine capacity, and the business you choose to insure with. A contract between the insurer and the insured is known as insurance. According to this arrangement, an insurer is obligated to pay the insured a lump sum amount in the event of loss, theft, or tragedy in exchange for a premium. The insurer is not obligated to pay compensation for any accidents that are not specifically stated in the contract.

Why Should I Invest in Insurance for a Tractor?

According to the Motor Vehicle Act, if you or your organization employs a tractor or many tractors in your everyday commercial operations, you must have at least third-party liability insurance. This protects you against any losses or damages made to a third party as a result of a tractor owned by your company.

While third-party liability insurance for tractors only covers damages to a third party, a comprehensive insurance policy for tractors also covers for own damages and losses thus giving you and your Agricultural business just the exact amount of coverage you need for your tractors.

- All firms are vulnerable to both large and little hazards. If you're a corporation with a lot of assets and a lot of tractors, buying tractor insurance is the basic minimum you can do to protect all of your tractors from their own damages and losses—both to the tractor and to the driver-owner.

- Insuring your tractor protects you from unexpected, large losses, preventing any business downtime that may occur due to natural disasters and fires.

- With tractor insurance, you can not only insure new tractors but you can also purchase old tractor insurance or second-hand tractor insurance.

What Types of Tractor Insurance are there in India?

-  Insurance that covers everything: Comprehensive Insurance

Comprehensive tractor insurance in India protects both you and your tractor from third-party harm. The most useful sort of insurance is comprehensive tractor insurance. Comprehensive insurance protects the tractor in a fire, theft, or natural disaster. When compared to other types of insurance for tractors, this one is quite pricey.

-  Insurance for a third party

Only the damages to a third-party person, vehicle, or property are covered by third-party insurance. Third-party tractor insurance in India does not cover damage to personal tractors. Third-party insurance is 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.

What are the Benefits of Insurance for Tractor Owners?

- Insurance for tractors is a type of farm insurance that protects farmers against property damage if something goes wrong with their tractor or other agricultural machinery. This could include a collision or damage to the equipment as a result of a natural disaster, accidents, etc. farm tractor Insurance also includes liability coverage in the event that your tractor causes injury or property damage to others.

- Plus, If you or your company uses a tractor or multiple tractors for your daily work operations, having at least a third-party liability tractor insurance is compulsory as per the Motor Vehicle Act. This financially covers you from any losses and damages caused to a third party due to tractor insurance owned by your business.  

- Every business is prone to risks both big and small. However, if you’re an asset-heavy business with several tractors being used for large business operations, then getting tractor insurance is the least you can do to protect all your tractors from their own damages and losses- both to the tractor and the driver-owner itself.  

- Hence, Insuring your tractor gets you protected against unforeseen, hefty losses thus preventing any kind of business downtime that are likely to arise during natural calamities, and fires.

- While a conventional agriculture insurance policy may cover your tractor, you should buy a separate one to cover your tractor in case of more particular hazards or ensure that high-value equipment is correctly insured.

- The best insurance may also protect farmers from liability and property damage, cover a wide range of specialized risks, and charge low rates with low deductibles.

How to Claim Tractor Insurance Online?

If you want to file a claim for your tractor insurance, you should contact the 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 any insurer's website and fill out the claim form. To file a tractor insurance claim online, you'll need the following documentation on hand:

-  Filled Claim Form

-  Vehicle Registration Certificate and Driving license

-  Fitness Certificate

-  Load Challan

-  Tax Slips

-  Original Insurance Copy. (Print of soft copy is also valid)

-  Aadhar Card

-  Route Permit

-  First Information Report Copy

Which Tractor Insurance Companies are Popular for Tractor Insurance in India?

You can pick from:

-  Tata AIG

-  United India Insurance Company

-  L & T

-  ICICI Lombard

-  Bajaj Allianz

-  Oriental Insurance

-  Cholamandal insurance

-  Royal Sundaram tractor insurance

How TractorGyan helps you with Tractor Insurance In India?

- Hassle-free Tractor Insurance process for the easy and fast insurance policy for tractors steps. Plus, Renew your existing farm tractor insurance in no time and save your time, resources, and money.

- 24/7 Customer Support for any urgent inquiries and issues. You just have to sit back and relax, as our team will handle all your problems and processes smoothly. Our experts will be there to provide you with any guidance or consultation related to your  Tractor insurance online.

- NO complicated paperwork process now! Tractor gyan offers you an easy way to complete your insurance for a tractor with less paperwork required. Our online/ offline form offers you flexibility in the paperwork process to correct any mistakes. It will be now very easy and convenient for all the farmers.

- Super fast claims with our expert team to make you sweat less for the tractor insurance policy claims.

- Plus, we help you recover loss or damage to your tractors with our loss and damage protection policy

- Unlimited Liability for third-party death/ injury claims.

- Personal accident cover for you, your paid driver, or any occupants in the business tractor.

How to buy Tractor Insurance online with TractorGyan?

1. Fill up a simple form, which involves all the details of tractors, models, registration, and more. Plus, input your personal details and you are good too with the tractor insurance online process in a few minutes. You will get thorough details of all the popular companies' tractor insurance policies in one place.

2. The next step involves you comparing all tractor insurance policies at your fingertips with the necessary details of your needs.

3. Online payment process helps you to easily complete the tractor insurance policy process with payments and detailed documents in no time at your fingertips saving you a lot of time.

So, You can also visit TractorGyan to discover the finest tractor insurance online from the mentioned list above.

Tractor Gyan understands how much a tractor costs and how difficult it is to keep up with the maintenance expenditures; as a result, we introduce Tractor Insurance programs for your benefit. You may leave the work of paying for your tractor's wreckages and wear and tears to the insurance providers with Tractor Insurance. All you have to do now is pick the ideal strategy/ or policy scheme for tractor insurance online based on your budget and tractor requirements.

You can not only purchase new insurance policies with us, but you can also renew your existing plans, and you can also buy old tractor insurance, and mini tractor insurance. simply select the appropriate option based on your requirement. You can select from a variety of insurance offered by various companies.