Auto rickshaws are, in fact, the lifeline of Indian cities. These play a vital role in urban and semi-urban transportation. Protecting these vehicles with auto rickshaw insurance is mandatory and a shrewd financial move for drivers and owners. From daily commutes to cargo transport and ride-hailing services, having the right three-wheeler insurance provides peace of mind and financial security.
What is Auto Rickshaw Insurance?
Auto rickshaw insurance is a motor insurance policy specially designed for three-wheeled vehicles for personal or commercial purposes. It covers unforeseen accidents, theft, natural disasters, or third-party liabilities.
With the traffic congestion and uncertain driving conditions in India, an all-inclusive three-wheeler insurance policy can be a lifesaver for auto rickshaw owners, protecting them from substantial financial losses.
Types of Auto Rickshaw Insurance
Third-Party Liability Insurance
This is compulsorily required under the Motor Vehicles Act of 1988.
Covers damages or injuries caused to a third party by your auto rickshaw.
Does not cover damage to your auto rickshaw.
Comprehensive Insurance
It provides extensive coverage, including third-party liabilities and own-damage protection.
Accidents, theft, fire, natural calamities such as floods and earthquakes, and man-made risks such as riots are covered.
Personal Accident Cover
It provides financial support to the owner-driver in case of accidental injuries, disability, or death while driving the insured vehicle.
