ICML Car Insurance

ICML motors is an Indian automobile manufacturer that is most popular for creating durable tractors. They are a very successful brand owing to the fact that most of the Indian population practices agriculture. ICML motors stood fourth in the list of highest-selling tractor brands as of 2012. The company also retails other vehicles like cars and school buses. Since a vehicle is a crucial component for carrying out various activities related to a business, buying ICML Car Insurance becomes imperative. This article lists all things you need to know about ICML insurance, please take a look:

The scope of a car insurance policy decides if the policyholder can raise a claim for an unfortunate incident. This scope is nothing but the coverages or claimable events. For ICML car the following situations stand true for raising a claim:

1. Third-party liability: Third-party is a person affected by the insured car. ICML insurance covers the insured person against third-party liabilities.

2. Third-party Legal Liabilities: A legal liability may arise out of an accident with the third-party. This cost is covered under insurance.

3. Personal Accident Cover: The cover is offered to the owner/driver of the vehicle. It pays a lump sum of Rs. 15 lakh in case of death or disability.

4. Damage due to Fire: In case of fire, self-ignition, or lightning to the car, the cost will be covered. 

5. Theft Coverage: Theft of the car is covered.

6. Accidental Damage: Damage due to an accident will be covered.

7. Damage due to calamities: Natural or man-made calamities are covered under ICML car insurance.

8. Malicious Act: Damage arising out of a malicious act.

9. Terrorist Activities: Terrorist activity that causes damage to the car is covered.

Exclusions are conditions of an insurance policy under which the policyholder cannot raise a claim. Following are the general exclusions of ICML insurance:

Buying suitable car insurance add-ons is helpful when it comes to claims and availing additional services. Here are the add-ons suitable for ICML cars:

1. Consumables cover: Consumables like nuts and bolts, engine, oil, air filters, etc. need to be replaced during vehicle repair. This cost is covered under Consumables cover.

2. Engine Protect: Damages to the engine of the insured car are not covered under a basic insurance policy. However, the cost of repairing or replacing the engine can be covered with this add-on.

3. Invoice Cover: The invoice value of the car can be obtained from the insurance company in case of theft or damage beyond repair.

4. Loss of License & RC: The add-on pays for the cost of getting valid documents from the transport department in case of loss. 

5. NCB Protect: NCB is No Claim Bonus. The add-on helps in keeping the discount intact despite a claim.

6. RSA: RSA is Roadside Assistance add-on and can be used to avail various services like on the spot repairs, fuel refill, tyre change etc. when required.

7. Zero Depreciation: The claim amount increases with this cover as the insurance company does not factor depreciation.

Here is how you can raise a claim against your ICML car insurance policy: