Back to Basics – Van Insurance Essentials

Some people consider a van to be just another car, but to some, it is their livelihood. A florist, a plumber and many other professions rely on the van as a vital part of their business. As with every asset in a business, the proper cover is required to ensure that the asset thrives for a while, this scenario applies to the van as well.

It’s because of this that commercial van insurance is important to the business, but there are some things you’ll need to consider before applying for van insurance and they are as follows:

The type of cover you need
There are 3 levels of commercial van insurance they are a third party, third party fire and theft and comprehensive insurance. Each country has different minimum requirements in terms of what cover you should get for your vehicle.

Third Party insurance is usually the minimum in most states and covers the owner from damage or injury to another person or property, but does not cover the owner’s vehicle. Third party fire and theft will cover you if your van was stolen or damaged by fire. Comprehensive insurance, on the other hand, will give you maximum cover with some added benefits such as windscreen cover.

The comprehensive car insurance is always the best cover for a commercial van, but your budget should also be considered because you wouldn’t want to spend all your money on insurance.

The law
Different parts of the world have different laws concerning what type of insurance you should cover your vehicle with. The last thing you want is to get an insurance cover that is contrary to the law, this will get you in trouble and will be an unnecessary expense. To avoid this, be sure to research on the law and the state requirements on the cover you should get for your commercial van.

Model of the van
The make and model of the van will affect you more in terms of the premium you’ll have to pay. Different insurers classify different premiums for different models of vans. For instance, bigger vans with larger engines tend to get charged a higher premium when compared to the smaller vans. This is all based on accident statistics and repair charges. Be sure to keep this in mind when getting your insurance cover.

Well no, there are a lot more things you need to consider when getting insurance for your commercial van. Other things are such as the number of drivers for the van, whether the van is going abroad or staying at home and many more. In addition, you should also consider and compare the quotes for the van insurance. If you’re having trouble at all in your quest, give us a call and we’ll be happy to talk you through the appropriate insurance for your van.