If you are a company owner that owns more than a van, then you just might need fleet van insurance to make your life a whole lot easier. It can reduce what you pay for in terms of insurance generally. We all know what a van but not everyone knows about a special type of insurance exists especially if you are running a fleet. This article will help you understand what fleet insurance is.
So what is Fleet Insurance?
Most companies worldwide rely on the strategy of sending their employees out in vehicles owned by the company. If you have a company that has more than one vehicle, you just might be in luck.
As the name implies, fleet insurance is a type of security that covers all your automobiles (which we generally describe as the cavalcade) under one policy. More than one vehicle can be considered for this type of indemnity. It is legally required to have indemnification for any vehicle you own in some countries.
But if you have a high number of automobiles, you may have a hard time keeping track of all of the policy features and renewal dates. This is exactly where a fleet insurance policy comes to play, protecting you as a car collection owner or your drivers and vehicles.
A van fleet insurance is a type of indemnity that covers multiple wagons that are to be protected at once. It is especially useful to business owners since it helps them avoid the hassle of separate policy providers. Any number other than one can make up a collection.
However, the fleet policy you choose may play a role in deciding the number of vehicles you can protect. Almost every policy has a range of numbers they can protect. The minimum is usually two, but the maximum can run into thousands. You can visit this website for more information on choosing the right coverage for your automobiles and the best service providers.
Now, we have an idea of what a van fleet insurance is, the next question would be;
What are the Types of Vehicles to Be Included in a Van Fleet?
Most policy providers and insurance companies would cover different types like;
- Light buses.
- Tippers.
- Vans that have single or double cabs.
- Box Luton and pick-up vehicles.
Some of them even include an “any vehicle” protection policy as part of fleet van insurance. However, it would be wise to always double-check with the policy providers to know what kind of cover they are giving you. This way, you can always make good plans and choose the right policy for you.
What Exactly is Covered by Fleet Van Insurance?
In general, this insurance policy is very similar to a standard vehicle or car policy; only it protects vans and at least more than one of them. It also has some additional features that may suit business purposes.
Even though the coverage you will get from this type of policy depends largely on the level you wish to take out, you can choose from.
Third-party
This protection policy covers the cost of damage done to any other vehicle, person, or property by the protected wagons. It would not cover any damage done to the vehicle in question.
Third-party, Theft, and Fire
This would cover everything by the third party and cover if the wagon is burnt or stolen. This link here https://www.investopedia.com/terms/t/third-party-insurance.asp has more information on what to expect with third-party insurance.
Fully Comprehensive
This cover is the most advised because it covers all of the above plus any damage done to the wagon, just as long as stated in the policy. Some of the claims this type of policy can cover are;
- Damage or loss to the vehicles.
- Recovery of the vehicles in cases of breakdowns or accidents.
- Legal and medical fees (in the event of injuries to the owner or other people caused by the protected vehicle).
- Damage to any parts to any parts of the wagon.
- Locks to replace stolen or damaged ones.
- Protection for damages to any personal belongings caused by the vehicle.
Some of the other services that fleet van insurance policy providers offer businesses and individuals include;
- Courier and Haulage: This protection policy covers any long-distance movement of goods.
- Reward and Hire: Fleet van insurance for reward and hire are not usually constant. Most of them are a one-time thing. A perfect example would be furniture removal or relocation purposes.
- Carriage of Company Goods: This indemnity protects you if you have any complications with your wagon while transporting your business goods.
Depending on the company providing the indemnity, one can also choose to add the following to the fleet automobile indemnity policy; breakdown, replacement trucks, no claim discount, use abroad, employer’s liability, public liability, windscreen cover, personal accidents, and trailers.
The amount you are to pay a premium to cover your policy would depend on the factors listed below;
- Your vehicle drivers.
- Your automobiles.
- Your security.
- Claims’ history.
- Your policy.
- Any excesses.
Just like every other insurance policy, you should be able to weigh the pros and cons of your indemnity before making any decisions. There are things you need to consider when it comes to fleet van insurance policies, and they are;
- It should be able to save time because you would be treating the fleet as a single-vehicle.
- It should allow any driver to drive any of your trucks without any complications.
- You should always look out for bad drivers as they may cost you more than you want.
- It should cover the possibility of changing automobiles. If this is not considered, the policy may be invalidated.
TAKE AWAY
Whether it is a van, a car, a van fleet, or a normal cavalcade of cars, security is needed. If you are a company owner with many vans, you would want to save yourself the time, money, and stress of protecting each one differently. So contact a fleet van insurance policy provider today, and get your wagons protected. You never can tell when it might come in handy.
