Vehicle Insurance

The Vehicle Insurance document is used to manage and track all insurance policies linked to vehicles. It supports both normal insurance policies and road transit risk policies.

Key Fields

• Vehicle Source – Can be either Vehicle or Pre-Registration Vehicle.
• License Plate – Links the insurance to a specific vehicle.
• Policy Type – Two options:
  • Normal Policy
  • Road Transit Risk
• Policy Number – Unique identifier for the insurance policy.
• Policy Issued By – Insurance provider linked from master.
• Customer – Vehicle owner (automatically fetched).
• Valid From & End Date – Duration of policy validity.
• Policy Issue Date – Date of issuance.
• IDV – Insured Declared Value of the vehicle.
• Premium Amount – Insurance premium paid.
• No Claim Bonus – Check if applicable.
• Attach Document – Upload scanned insurance copy.
• Document Status – System auto-sets as Valid or Expired.
• Disabled – Marks an old policy as inactive when a new one is created.

Road Transit Risk Fields

If Policy Type is set to Road Transit Risk, additional details are required:

• Engine No – Auto-fetched from vehicle.
• Chassis No – Auto-fetched from vehicle.
• From Location – Starting point of the transit.
• To Location – Destination point of the transit.
• Distance in KMs – Distance covered in transit.

Endorsements

A policy may include endorsement details, which are captured in a child table. These track modifications or special conditions applied to the insurance policy.

️ Rules & Validations

• Policy Number is unique – avoids duplicate entries.
• Mandatory Fields – Vehicle Source, License Plate, Policy Number, Policy Issued By, and End Date must be filled in.
• AutoName Rule – Document is named using the Policy Number.
• Expiry Handling – System automatically updates status to Valid or Expired based on dates.
• One Active Policy – Older policies for the same vehicle are automatically disabled when a new one is added.

Purpose

- Maintains a record of all vehicle insurance policies.
- Ensures that every vehicle always has the latest valid insurance record.
- Supports special cases like Road Transit Risk insurance.
- Integrates with Vehicle and Pre-Registration Vehicle for seamless tracking.