Do you really need to insure your taxi in the UK? Unfortunately the answer is yes. As with all vehicles, taxis cannot be driven on any public road unless you have the correct type of insurance in place. With that said, any taxi owner in his right mind would have insurance whether the law required it or not.First of all, if you're ever involved in a collision, you need to know your taxi will be restored to its original condition. If the damage is...more
Taxis differ in appearance just as any other regular cars do, but let's face it those black cabs you see making their way around London have become iconic. While they certainly do give the country a face, they also cost a significant amount of money, particularly if you purchase a brand new one. In fact, you can expect to pay up to 40,000 pounds if you have all the extras included.That's a lot of money to invest in a single vehicle, especially...more
In this article, we'll go ahead and look at some basic steps you can take in order to ensure the cost of insuring your taxi doesn't exceed your budget. However, you need to acknowledge the fact that it's highly unlikely you'll find a great deal unless you're willing to shop around.Step 1 - Make the Right Preparations:If your vehicle or vehicles don't have a professionally installed alarm fitted, you need to have it taken care of as soon as possible. Fortunately, most new cars come with an immobiliser as standard, but even so, you should still consider installing a GPS tracking system as most insurance companies will be willing to offer you a discount if you do.If you have more than one taxi, parking could be a problem unless each of your drivers is responsible for the safe keeping of the vehicle they drive. In that case, you need to try and ensure your drivers are able to park the vehicles within a secure area when not in use, such as in a locked garage for example.Remember, with more than a million vehicles are stolen each year in the UK, and as such, insurance companies want owners to take the necessary precautions to minimise the risk of theft, and in turn they offer discounts...more
Of course there are still many thousands of people who shop around for insurance over the phone, but as you probably know, phoning fifteen to twenty companies individually can be incredibly time consuming. Also, once you've received a verbal quote, you then need to wait for them to send you the policies so that you can read through all the terms...more
Of course everyone wants to pay as little as possible for their car insurance, and taxi owners are no exception. In fact, considering taxi owners are running a business, saving money wherever possible is of even greater importance. However, when you're shopping for insurance, your decision shouldn't necessarily be based on price alone.For example,...more
Should I Buy Trip Insurance? You Need to DecideIf you are considering a trip and have an existing medical condition, you have a limited amount of time in order to decide whether you should purchase travel insurance. Trip Insurance (there are several types of travel insurance, trip insurance's primary purpose is to protect the financial investment of a trip should you become sick prior to departure) has evolved over time and now has coverage for pre-existing conditions.This additional benefit is of value to tens of thousands of travelers who have a manageable medical condition but are concerned if something unexpected happens - either prior to departure or during the course of your trip. Keep in mind, you must purchase the trip insurance coverage within a set number of days after you've paid for your trip (or made the initial deposit). If you wait too long, you can still purchase coverage, but the pre-existing condition may be considered an ‘exclusion'.A typical period of time given to purchase coverage is 10 days from the date the trip is purchased or initial deposit for the trip is made. Be sure to read the company's product brochure to find complete details and verify...more
It Is Essential To Purchase Travel InsurancePurchasing the right type of insurance means vacationers and travelers can now have financial protection against travel hazards such as missing a charter flight to losing their luggage. Based on information...more
There is not one best homeowners insurance company for every home owner. For one thing, insurance plans are regulated at the state level, and premiums are set at local levels. Your rates could be very different than your brother's rates if he lives...more
The Importance of Proper Static Caravan InsuranceStatic caravan insurance can be purchased off the cuff, if necessary – you will find certain caravan policy providers that are able to insure you from the moment you call, if that is what you need....more