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In India, commercial tipper trucks play a crucial role in industries such as construction, mining, waste management, and more where heavy duty operation is required. For many business owners, these tippers drive their operations and revenue. Therefore, it is important to have a comprehensive commercial tipper insurance policy in place to protect them.
Also, in India, it is legally mandatory for all commercial vehicle owners to have at least third-party insurance coverage.
So, we have curated everything you need to know about tipper insurance online, allowing you to focus on your business operations with peace of mind.
What is Tipper Insurance?
Tipper Insurance is a commercial vehicle insurance policy, specifically designed to protect heavy-duty goods carrying vehicles such as tipper trucks, which are commonly used for commercial purposes such as transporting construction materials like gravel, sand, and debris.
Tipper insurance online provides coverage against various risks, including accidents, theft, fire, and natural disasters. It also includes third-party liability coverage, which compensates for damages or injuries caused to third parties by the insured vehicle. You can also get enhanced protection with add-ons like zero depreciation, engine protection, roadside assistance, and more, with a comprehensive insurance policy.
Is Tipper Insurance Mandatory?
Yes, in India having at least a third-party insurance for tipper truck is mandatory. This type of insurance covers any damage or injuries caused to third parties by your vehicle, ensuring that you are legally compliant and financially protected against third-party liabilities. Without an active insurance policy, you cannot legally operate your commercial vehicle in India.
However, for extensive protection, you can opt for comprehensive commercial vehicle insurance, as it includes coverage for your own vehicle in addition to third-party coverage.
Why Should You Buy Tipper Insurance?
Here’s why getting insurance for tipper truck is important:
Comprehensive Coverage: Commercial vehicle insurance policy ensures comprehensive coverage for your tipper against damage due to fire, theft, and natural calamities, as well as personal accident cover for the driver.
Mandatory by Law: In India, having at least third-party liability insurance for commercial vehicles like tippers is mandatory by law. This ensures you are legally allowed to operate your vehicle on public roads.
Additional Benefits: You can enhance your tipper insurance policy with add-ons like zero depreciation, engine protection, and roadside assistance, for extra protection.
Financial Protection: Tipper truck insurance covers the cost of repairs or replacement if your vehicle is damaged in an accident, stolen, or affected by natural disasters, saving you from out-of-pocket expenses.
Avoid Business Disruption: Having insurance for tipper truck helps ensure that your business operations are not affected in case of any vehicle-related incidents.
Peace of Mind: Knowing that your tipper is protected against unforeseen events allows you to focus on your business without worrying about potential financial losses.
Why Choose Commercial Tipper Insurance by Digit?
Key Features of Tipper Insurance by Digit
| Key Features | Digit Benefit |
|---|---|
| Claim Process | Paperless Claims |
| Customer Support | 24x7 Support |
| Premium | Customized as per type of commercial vehicle & number of vehicles to be insured |
| Additional Coverage | PA Covers, legal liability cover, special exclusions and compulsory deductibles, etc. |
| Damages to Third-Party | Unlimited liability for personal damages, up to 7.5 lakhs for property/vehicle damages |
What's Covered in Tipper Insurance by Digit?
What’s Not Covered?
In the case of a Third-Party Liability Only Policy, damage to your own vehicle won’t be covered.
If the owner-driver of the claimed vehicle is drunk or driving without a valid licence.
Any damage caused due to contributory negligence of the driver (such as driving when there’s an existing flood).
Any damage that is not a direct result of the accident/natural calamity i.e., consequential losses like loss of earnings, loss of market, etc.
Add-ons Available with Tipper Truck Insurance
Here are the add-ons available with Digit’s commercial insurance policy for your tipper to provide comprehensive protection in all situations:
As vehicles age, their parts naturally wear out, leading to a decrease in value. Typically, this depreciation amount is deducted from your claim payout, reducing the amount you receive. However, with the Zero Depreciation add-on, the depreciation is not deducted, resulting in a higher claim amount.
The Consumable Cover add-on provides coverage for your tipper’s consumable yet often ignored items such as nuts, bolts, screws, engine oil, and grease that need repair or replacement after an accident. These items are usually not covered by standard insurance policies, but with this add-on, you can avoid out-of-pocket expenses for such repairs.
This add-on covers consequential damage to your tipper’s engine or gearbox following an accident, which can occur due to water ingress or leakage of lubricating oil. By opting for this add-on, you can save yourself from significant repair expenses and ensure the engine is maintained in optimal condition.
The Breakdown Assistance add-on is incredibly useful, providing 24/7 protection if your tipper breaks down due to an accident, flat tires, a malfunctioning battery, or other issues. Whether you're on a remote road or in a busy city, this add-on offers immediate help, including towing, minor repairs, and emergency fuel delivery.
If your tipper needs to be towed from the accident site to the nearest garage or a place of safety, this add-on will cover the towing costs. It ensures that your vehicle is safely transported without any extra financial burden on your pocket.
If your tipper is financed through a loan and is being repaired due to damage from an accident, it might cause a loss to your business. The EMI Protection add-on helps by covering the regular EMIs payable to the financier of the vehicle recorded in the insurer’s books.
If your tipper is undergoing repairs and causing a loss of income, the Loss of Revenue add-on compensates you for the income lost during the repair period. This ensures that your business remains financially stable even when your vehicle is out of service.
Additional Coverages or Endorsements Available
You also get optional covers with insurance for tipper truck to enhance its coverage and ensure protection in all circumstances. These include:
Your tipper truck insurance online policy should have a PA cover to protect you for bodily injury or death of the owner-driver in case of an accident. Also, having personal accident cover is compulsory by law in India.
People in the insured tipper at the time of any accident are safeguarded against any injuries with the help of this add-on cover.
Protect your tipper and the business for which the insured tipper is used, against any legal liability that may arise due to an injury caused to your employees or someone who works for you, by getting this cover.
This add-on cover protects your tipper against any loss or damage to insured vehicle’s lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork in all cases, even in case of partial damage.
All electrical accessories fitted in the tipper, which is not a part of the manufacturer’s model, are covered under this add-on.
All non-electrical accessories fitted in your insured tipper, which is not a part of the manufacturer’s model, are covered under this add-on.
This add-on helps reduce your premium as you only have to pay a certain amount as your share of the loss, called the compulsory deductible. Additionally, it also covers the loss or damage to insured vehicle’s lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork if your vehicle is completely damaged.
Types of Tipper Insurance Plans
Primarily two insurance policies are available for this light commercial vehicle, which are:
Comprehensive or Standard Package Plan
Comprehensive commercial vehicle insurance offers overall protection to your Ashok Leyland Dost, including its own damage as well as damage or loss to the third-party. With this Ashok Leyland Dost insurance online policy, you get enhanced protection against injuries, damage, natural disasters, and theft and the option to choose add-ons as well.
Third-party or Liability Only Plan
A third-party insurance plan covers only third-party liabilities, which include damage or loss to third-party vehicle, property or person caused due to your vehicle. Also, it is mandatory in India to have at least third-party insurance for commercial vehicles.
You cannot opt for any add-ons with this policy, and the premium price for a third-party liability policy is fixed by IRDAI.
Third Party vs Comprehensive Commercial Insurance11
| Liability Only | Standard Package |
Damages caused by your tipper to any third-party person or property |
|
Damages caused to any third-party person or property by the vehicle being towed by your insured vehicle |
|
Loss or damages to own tipper due to natural calamities, fire, theft or accidents |
|
Injury/death of owner-driver If owner-driver doesn’t already have a Personal Accident Cover from before |
|
| Get Quote | Get Quote |
How to Buy Tipper Truck Insurance Online with Digit?
Step 1
On the Digit app or website, enter the commercial vehicle’s registration number, mobile number, and click on ‘View Prices.’
Step 2
Select the plan, add-ons and IDV, and click on ‘Continue.’
Step 3
Enter your personal, nominee and vehicle details and click on ‘Pay Now.’
Step 4
Complete the payment and mandatory KYC verification process.
Step 5
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
How to Download Tipper Insurance Policy on Digit App?
Step 1 - Login to the Digit app and go to the ‘My Policies’ tab at the bottom of the screen. All your policy documents will be available there.
Rate of Depreciation in Tipper Insurance
The Insured's Declared Value (IDV) of the tipper is its market value, which is adjusted for depreciation value of your vehicle as per the below table.
Note that this age-wise depreciation is applicable for only Total Loss/Constructive Total Loss (TL/CTL) claims.
| Vehicle Age | Depreciation Rate |
| Not Exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
Factors Affecting Tipper Truck Insurance Premium
Here are some important factors that affect tipper insurance price:
The model, make and engine has a big role to play in determining the right tipper truck insurance price! Similarly, heavy weighing tippers generally fetch higher premium.
The type of tipper and its usage (e.g., for construction, transportation) can impact the tipper insurance premium. Higher usage and riskier operations often lead to higher premiums.
If you haven't made any claims in the previous policy period, you can benefit from a discount on your premium in the form of No Claim Bonus, thus, reducing the insurance price for the next policy year.
The IDV of your commercial vehicle, which represents its current market value, also impacts the premium. A higher IDV leads to a higher premium.
The area where the vehicle operates also influences its premium. High-risk areas with higher crime rates or accident frequencies can lead to higher premiums.
The type of insurance coverage you choose (comprehensive, third-party, etc.) also affects the premium price, as a comprehensive plan usually costs more than a third-party plan because it offers broader protection.
Why Should You Get a Tipper?
Buying a tipper truck provides versatility, efficiency, and cost savings, making it suitable for heavy-duty transportation and construction tasks. Here are its other benefits:
Tippers are highly versatile and can be used for a variety of tasks, including transporting construction materials, waste, and other heavy loads. This makes them essential for industries like construction, mining, and waste management.
Tippers are designed to handle heavy loads and rough terrains efficiently and are fitted with hydraulic lifting mechanism that allows for easy unloading of heavy materials.
They can withstand tough working conditions without frequent breakdowns, thanks to their robust build.
Tippers can be customized to meet specific operation needs such as a larger capacity, specialized body types, or other additional features.
By owning a tipper, you also reduce dependency on third-party transport services, helping you save transportation costs.
Different Types of Tipper Variants Covered in Tipper Insurance
In India, there are several types of tipper trucks designed to cater to specific requirements, of various industries. Here are some of the common types:
Standard Tipper: These are the most common type of tippers used for transporting loose materials like sand, gravel, and demolition waste. For example, Tata Signa, BharatBenz 2823C.
Mining Tipper: These tippers are built for heavy-duty operations and generally used in the mining and quarrying industries. For example, Ashok Leyland, Eicher Pro.
High-Side Tipper: Built with higher side walls, these types of tippers are most suitable for transporting bulky materials that require large space. For example, Mahindra Blazo.
Three-Way Tipper: These tippers are best for unloading materials in three directions (left, right, and rear) and provide flexibility in confined spaces. For example, BharatBenz 3528C, Tata Prima 3530.K.
Half-Round Tipper: Featuring a half-round body, these tippers are designed for better load distribution and easier unloading of sticky materials. For example, Ashok Leyland AVTR, Tata 912 LPK.
Mini Tipper: As the name suggests, these tippers are smaller in size and ideal for urban areas and small-scale construction projects. For example, Mahindra Loadking Optimo, Tata Ace HT.
FAQs about Tipper Insurance
How much does it cost to insure a tipper truck?
The tipper truck insurance price depends on the type of tipper you want to insure, the city or cities you’ll be using the tipper in, and the type of policy you choose, IDV, and if you have any accumulated NCB.
What is a Comprehensive and Third-party policy in tipper insurance?
A comprehensive tipper insurance policy covers the tipper from both its own mandatory third-party liabilities and own damages that could be caused due to accidents, collisions, natural calamities, fires, malicious acts, etc. Whereas a third-party tipper insurance policy will only cover third-party related liabilities.
Is it mandatory to insure a heavy-duty vehicle like tipper truck?
Yes, as per the Motor Vehicle Act, it is mandatory to at least have a third-party insurance policy for your tipper or lorry to run legally on Indian roads.
Can I insure all my tippers under one policy?
No, each tipper truck needs to have its individual insurance policy. However, you can get in touch with us for a customized quote to insure all your tippers at a reasonable premium price.
Does insurance for tipper trucks also cover the driver?
Yes, if you have a Personal Accident Cover in your insurance policy, then the owner/driver of the insured vehicle will also be covered.
How can I get the lowest tipper insurance price?
You can compare tipper insurance prices online from different insurers, get the right IDV and opt for minimal add-ons if you want to get the lowest tipper insurance premium price.
How can I renew tipper insurance online from Digit?
You can visit the Digit website or app, provide your personal and previous policy details, select insurance plan, make payment, and you’re done!
Where can I repair my tipper if it gets damaged in an accident?
In case your tipper is insured by Digit, you can head to any of our network of garages and get your vehicle repaired. However, you can also get your tractor repaired at another garage of your choice and get the required amount reimbursed from us.