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Own Vehicle Damage Cover
Get coverage of up to 50,000/- against accidental damages/losses endured by your own vehicle or its accessories.- Need Help
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Main
Ready To Get Started?
Reach Out & Give Us A Call. We're Here To Help. Available 24/7
Our Customers
1800 102 1111
Our Agents & Intermediaries
1800 22 1111
HEALTHLINE NUMBERS FOR OUR HEALTH INSURANCE CUSTOMERS & PA
Available 24/7
1800 210 3366
1800 210 6366
Need Support?
Have Queries About Your Current Product? Please Write Us An Email & We'll Sort it Out.
customer.care@sbigeneral.in
Get Own Damages and Third-Party Risks Cover with the Motor Trade (Internal Risk) Insurance Policy
Download Brochure
Third-Party Injuries/Death
Guard against legal claims arising from accidents involving your vehicle that result in injuries or death of third-parties.
Third-party Damages
Shield yourself with coverage of up to ₹150,000 against damages to third-party vehicles or properties.
Add-on Riders
Enhance your insurance coverage with add-on riders that offer protection beyond the premises where insured vehicle is parked.
Why Choose A Motor Trade (Internal Risk) Insurance Policy?
Safeguard Yourself against Legal Liabilities From Accident Risks
SBI General’s Motor Trade (Internal Risk) Insurance ensures you're shielded from potential legal and financial consequences arising from accidents involving your vehicle. This includes damages to third-party properties and personal injuries, coupled with coverage for your vehicle.
Who can buy this policy?
Individuals using vehicles as a mode of business/transportation, wherein the vehicle is parked at a static, predefined area, can protect their legal and financial liabilities with the Motor Trade (Internal Risk) Policy. This policy is ideal for individuals and business owners who wish to hedge their risks of any business-related third-party liabilities, wherein they may have to compensate third-party for their losses. It also helps policyholders comply with the laws mandated under the Motor Vehicle Act, 1988.
What is Covered Under Motor Trade-Internal Risk
Take a look at the various features of the Motor Trade-Internal Risk offered by SBI General Insurance
Key Feature
- This form of cover provides Insurance against
- Damage to the vehicle (Own Vehicles) up to an amount of Rs. 50,000/- for any one accident
- Damage to vehicles of third party up to an amount of Rs. 1,50,000/- for any one accident
- Bodily injury unlimited
- Property damage excluding damage to vehicles up to an amount of Rs. 1,50,000/- for any one accident
- This form of cover provides Insurance against
- Bodily injury unlimited
- Property damage excluding damage to vehicles up to an amount of Rs. 1,50,000/- for any one accident
A) Comprehensive Cover
B) Liability Only Cover
What’s Covered
- Loss or damage to own vehicles: The policy covers an amount of Rs. 50,000/- against any loss or damage caused to own vehicle or its accessories due to accidental, external and visible means and occurring in or on the premises insured.
- Liability for third party bodily injury / death: protects against any legal liability arising because of the vehicle, towards third parties for bodily injury / death of a person.
- Loss or damage to third party vehicles: The policy covers an amount of Rs. 1, 50,000/- against any loss or damage caused to third party vehicle or its accessories due to accidental, external and visible means and occurring in or on the premises insured.
- Open air car parks adjoining outside premises as given for insurance may be covered under scope of this cover with some additional premium.
- Any other premises owned by the Insured which is within 450 meters by road also may be covered under this Policy with additional premium.
Coverage
Additional covers at extra cost
Open air car parks
More than one Premises
What’s Not Covered
- Normal wear, tear and general ageing of the vehicle
- Depreciation or any consequential loss
- Mechanical/ electrical breakdown
- Loss / damage due to war, mutiny or nuclear risk
- Failures or breakage nor for damage caused by overloading or strain
- Damage to tyres by application of brakes or by punctures, cuts or burst
Any loss/damage to the vehicle and/or its accessories will 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
- Damage to the vehicle (Own Vehicles) up to an amount of Rs. 50,000/- for any one accident
- Damage to vehicles of third party up to an amount of Rs. 1,50,000/- for any one accident
- Bodily injury unlimited
- Property damage excluding damage to vehicles up to an amount of Rs. 1,50,000/- for any one accident
- This form of cover provides Insurance against
- Bodily injury unlimited
- Property damage excluding damage to vehicles up to an amount of Rs. 1,50,000/- for any one accident
A) Comprehensive Cover
B) Liability Only Cover
What’s Covered
- Loss or damage to own vehicles: The policy covers an amount of Rs. 50,000/- against any loss or damage caused to own vehicle or its accessories due to accidental, external and visible means and occurring in or on the premises insured.
- Liability for third party bodily injury / death: protects against any legal liability arising because of the vehicle, towards third parties for bodily injury / death of a person.
- Loss or damage to third party vehicles: The policy covers an amount of Rs. 1, 50,000/- against any loss or damage caused to third party vehicle or its accessories due to accidental, external and visible means and occurring in or on the premises insured.
- Open air car parks adjoining outside premises as given for insurance may be covered under scope of this cover with some additional premium.
- Any other premises owned by the Insured which is within 450 meters by road also may be covered under this Policy with additional premium.
Coverage
Additional covers at extra cost
Open air car parks
More than one Premises
What’s Not Covered
- Normal wear, tear and general ageing of the vehicle
- Depreciation or any consequential loss
- Mechanical/ electrical breakdown
- Loss / damage due to war, mutiny or nuclear risk
- Failures or breakage nor for damage caused by overloading or strain
- Damage to tyres by application of brakes or by punctures, cuts or burst
Any loss/damage to the vehicle and/or its accessories will not be covered if caused by the following-
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FAQs about Motor Trade- Internal Risk
Here are the commonly asked questions about Motor Trade-Internal 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.
It doesn't matter what size the business is. There are no restrictions on the type of Motor Trade business covered by the insurance.
- (a) any insured vehicle (including its accessories whilst thereon) held in trust by or in the custody or control of the insured.
- (b) other property not belonging to or held in trust by or in the custody or control of the Insured occurring in on or about the premises through the negligence.
1) Accidental death of or bodily injury to any person other than a person in the Insured's service or a member of the Insured's family or household.
2) Accidental damage to
- (a) for loss of use, depreciation, wear and tear, mechanical or electrical breakdown, failures,breakages.
- (b) for damage to tyres by the application of brakes or by punctures, cuts, or bursts.
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
RDAN144CP0014V01201213
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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