Two types of policies are designed for the requirements of Motor Trade: (A) Motor Trade Package: Section (i) Motor Trade Package covers accidental loss or damage occurring during the period of insurance while the vehicle is in a public place or is temporarily garaged during the course of a journey elsewhere than in or on the premises owned or occupied by the insured. Section (ii) covers liability to third parties and Section (iii) extends insurance under section (i) and (ii) to any vehicle (mechanically propelled or otherwise) attached to the insured vehicle for the purpose of being towed.

Two forms of inland marine coverage are associated with this title, one for carriers and one for owners. As a carrier, the insured is protected for legal liability relating to property of others in the course of transport. As an owner, the insured is protected for in-transit damage to its own property.

A form that grants indemnity to the trucker for loss or damage to the property he or she is transporting. By law, truckers must carry a certain amount of this coverage.

A form that covers a truck owner against the loss of his or her property while it is being transported. This form also covers cargo loss or damage, without regard to who is legally liable for the loss.

An official record of a driver’s accidents and traffic violations kept by the licensing state(s). Often used to determine eligibility and/or premiums for auto insurance.

A history of a driver’s traffic violations and accidents.

Permit is an instrument issued by a State or Regional Transport Authority authorizing the use of a motor vehicle as a transport vehicle in specified manner as per the relevant provisions of Motor Vehicles Act and rules. Further, Sec. 66 (1) mandates for necessity of permit for transport vehicles.

(i) Contract Carriage Buses: The permit holder can operate under a contract with his client for a fixed destination within Delhi or outside Delhi. List of passengers has to be available with the driver of the bus. Cannot pick passengers other than those mentioned in the list. Also known as Chartered buses. (ii) Stage Carriage Buses: The permit holder can operate their bus under their allotted routes for picking up passengers from one place to another. The fares are fixed.

(i) Permit to Goods vehicles operating within the State. Permits granted to a particular vehicle for carrying a particular load has to be plied for that particular area. (ii) Counter Signatures of Good s Carriers Permits: These are permits which are initially issued by one state and later on endorsed in another state by the concerned State or RTA. (iii) National Permits: Issued to goods vehicles to enable them to go outside the home state. Issued for a minimum of 4 continuous states (including the home state). The maximum age in case of a particular vehicle should not exceed 12 years. In case of a multi-axle vehicle the maximum age not to exceed 15 years.