Mistakes To Avoid When Selecting A Taxi Insurance Policy
When we're on the road, avoiding certain routes can be just as effective as taking others
. Likewise, when searching for an insurance policy for taxi drivers, it's crucial to avoid certain errors. That will give you the best chance at finding the right policy for your needs.
Here are some of the biggest blunders to avoid when shopping for taxi cover:
1. Never pay voluntary excess without recognizing the risks.
The short term benefit of paying voluntary excess is that you'll enjoy lower premiums on your insurance. However, the potential drawback is that you be paying sky-high out of pocket expenses if you have to file any claims. So only consider this option if you're willing to risk paying more on file claims.
2. Never fail to learn all the discounts you qualify for.
You might be surprised at how many discounts you qualify for. For example, there are discounts for driving experience, discounts for no claims made while driving taxis, and discounts for restricted driving of a taxi. When hunting for taxi insurance, leave no stone unturned when it comes to discounts. You might be entitled to save a small fortune! So learn about all the discounts that a particular insurer offers, and then learn how many you can benefit from!
3. Never shop strictly online or offline.
Only shopping online is more likely, since it's so fast and convenient. And those are features that most of us are looking for in the hustle and bustle of the modern world. But why limit yourself? By shopping both online and offline, you'll be more likely to find rock-bottom premiums that can save you a small fortune. So make sure to look and high and low (translation: online and offline).
4. Never assume that a current auto or home insurer will offer the lowest premium.
You might be eligible for a fantastic deal, since you're already a customer. However, you should still shop around!
5. Never get more cover than you need.
There's a fine line between getting enough cover, and getting too much of it. Different bells and whistles can seem quite attractive when you're in the market for taxi insurance. But that could ultimately result in getting cover that you don't need, and having premiums that are higher than you want. As a general rule, just go with the basics when determining how much cover you need, unless there's a genuine need to get extra cover.
6. Never fail to use the process of elimination.
With so many taxi insurers out there, how do narrow down your options? Create a running list of possible companies that you could buy a policy from. Add to the list whenever you recall or discover another candidate company. Then after compiling your list, start crossing off companies that either don't offer the cover you need, or are too pricey.
It's been said that we are the choices we make. When searching for taxi insurance, the right insurer is the one that's right for you. Considering these aforementioned tips will you help to avoid the mistake of choosing the wrong policy!
by: Tom Jones
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