A Complete Guide for JCB Insurance in India

JCB insurance or backhoe loader insurance is a commercial vehicle insurance policy that covers heavy construction JCB machines and equipment used in industries like construction, agriculture and mining. Under any unforeseen damage or loss to the vehicle, such as accidents, theft, natural calamities, and third-party liability, etc., this comprehensive insurance policy provides financial coverage.  The coverage you’ll receive will depend on the add-ons you choose along with this policy.

You can avail this benefit by paying an affordable premium and ensure your peace of mind.

Why do you need JCB Insurance?

As a JCB owner you should have a backhoe loader insurance due to the following reasons:

•  It is mandatory by law to have at least a Liability Only policy to protect a third party against any damage and losses that could be caused by your backhoe loader.
•  A JCB insurance policy will protect you from any unexpected losses incurred due to unforeseen circumstances.
•  Since heavy machinery like JCB works in riskier conditions and is more prone to damage, any mishap can lead to a massive loss of investment.  Thus, securing it with a standard policy can protect you financially in such situations.
•  As per your chosen JCB policy, you can get insurance as per the current replacement value of the machinery. 
•  You can also get coverage for both partial and total damage to the equipment, depending on whether you buy a comprehensive policy.

Types of JCB Insurance

Before you buy, it’s important to know the main types of coverage available in JCB insurance India:

 1.  Comprehensive JCB Insurance

 Cover damages to your JCB, third-party liabilities and theft/fire/natural disaster incidents.

 2.  Third-Party Liability JCB Insurance

 Covers damage caused by your JCB to another person’s property or injuries to third parties.

What's covered in JCB Insurance

• Accidents : Damages and losses caused to the heavy-duty vehicle due to an accident.

• Theft : Any damages and losses caused to the heavy-duty vehicle in the case of a theft.

• Fire : Any damages or losses caused to the heavy-duty vehicle in an unfortunate case of fire.

• Natural Disasters : Any damages and losses caused to your vehicle due to floods, earthquakes and other natural calamities.

• Personal Accident : Covers for any personal injuries or death of the owner-driver of the vehicle.

• Third Party Losses : Covers for losses and damages caused to a third-party vehicle, property or person due to the insured heavy-duty vehicle, in the case of an accident or collision.

What's not covered in JCB Insurance 

• Own Damages for Third-Party Policy holder : If you’re only going to go for a Third-Party Commercial Insurance for your commercial vehicle, then your own damages and losses won’t be covered. 

• Drunk Driving, or Driving Without a valid License : If during a claim, the driver-owner is found to be driving the insured vehicle without a valid driver’s license or under the influence of alcohol then the claim can’t be approved.

• Contributory Negligences : Any damages or losses caused to the heavy-duty vehicle due to contributory negligence won’t be covered for.  For example, if there are existing floods in the city, and one still takes the tractor out. 

• Consequential Damages : Any damages or losses that aren’t a direct result of an accident, natural calamity or fire can’t be covered for.

How to buy JCB Insurance Online 

Getting your JCB Insurance online is very easy, just follow these small steps. 

1. Visit any website of insurance online, like policydigit, policyassured.
2. Enter your JCB details like model, purchase year, and usage.
3. Compare policy options and prices instantly.
4. Choose coverage and add-ons that fit your needs.
5.  Make secure online payment and get your policy instantly via email.