Policy snapshot
A specialised commercial motor policy for taxis, cabs and app based ride vehicles.
What is Taxi and Cab Insurance?
Taxi and Cab Insurance covers vehicles used to transport passengers for hire, including city taxis and app based cabs, against third party liabilities and own damage.
What can it cover?
- Third party liability for passengers and third persons
- Own damage to the insured taxi or cab
- Theft or total loss
- Fire and accidental damage
- Coverage as per passenger carrying vehicle norms
Who should consider it?
- Taxi owners and individual cab drivers
- Fleet operators working with app based platforms
- Travel agencies running cab services
Key features to understand
- Designed for passenger carrying commercial vehicles
- Meets permit and regulatory requirements
- Add ons for personal accident cover and legal liability
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.
Frequently asked questions
No, passenger carrying vehicles must be covered under appropriate commercial taxi policies.