A bus insurance is a type of commercial vehicle insurance policy to protect commercial buses from potential damages and losses, such as in the case of an accident, natural calamity or fire. While the most basic plan covers for Third-Party liabilities (as required by law), a comprehensive policy also covers for one's own damages and losses, both under one combined policy.
Types of Buses Covered:
- School Buses: Buses that are part of an educational institution such as a school or a college and are used primarily for student transportation can be covered under this policy.
- Public Buses: Buses owned and run by the government, used to transport passengers within the city or, from one city to another too can be covered under this policy.
- Private Buses: Buses owned by private organizations such as tour buses or buses used by offices for their employees too can be covered under this policy.
- Other Passenger Carrying Buses: All other types of commercial buses and vans used for the purpose of transporting passengers from one place to another are covered under this policy.