Insurance Issue of the Week

Fortnightly Insurance Issue – 56

Whether commercial vehicles can be used as private vehicles?

It is very common when the commercial vehicles are used for the private purpose i.e. social, domestic or pleasure purpose which is not covered unless and until the additional premium of 25% is paid on total premium subject to the private purpose should not be used for hire and reward.  IMT 34 should be endorsed in the policy.

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