A Beginner's Guide To Van Insurance

The impending recession and credit crunch is undoubtedly affecting many businesses

, and in such a situation of competition in the market, take the most positive approach and make full benefit of the insurance companies competing among each other to get your business. Van insurance has never been so competitive and to stay ahead in the market, the insurers are providing great deals and offers to their customers.

If you are planning on purchasing a van insurance policy for the first time, then make sure that you have read all the small print written in the contract so that you can fully understand all the 'ifs' and 'buts' of the insurance cover. In the UK, it is not only illegal to run an uninsured van, but it is also foolhardy. In case your van is lost, damaged or stolen, you will be left with nothing but tears and sorrow.

What does a van insurance policy provide?

Using a van for transporting from here and there is a cost-effective way of travelling around. If it is stolen or damaged, you cannot wait for several years when you will again have money to buy a new van.

Your insurance cover will either replace your van with a new one or will give you enough money to buy a new van for yourself. If you are an owner of a van and you accidentally caused damage to someone else's property or person, then the van insurance cover will take care of the damages or injuries caused by your van, in the case the other person files a claim against you.

Things to know if you are a beginner

If you have decided to choose a van insurance policy for your van, then you must know that the lighter and smaller the van is, the cheaper will be the insurance premium. You will get a budget deal if your van weighs less than 3.5 tons. The insurance company will also take the age of the van into consideration. For a new van, the premium will be cheaper.

In case your van is stolen, breaks down or becomes the cause of a serious accident, the option of the courtesy van, which comes with some of the insurance policies, will help you in keeping up on the UK roads. If you want to further reduce the insurance premiums, then some steps will be of great help such as having the company logo on your van's side and fitting an alarm and an immobiliser on your van.

To sum up

You must also know that if your van is not involved in any accident through the entire year of the insurance term, then you will get a 'no claims discount' at the end of the year, thus saving a good amount of money for you on the insurance premium. Some insurance companies will also allow you to transfer the no claims discounts on your other vehicles to the van and through this, you will be able to get a huge discount on your insurance policy.

by: Paul Headley

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