Commercial or private van insurance?

Life is full of tough choices, but choosing what type of van insurance cover to get, doesn’t have to be.

Like everything, it is always best to do your research and shop around for the best deal that suits your needs – that way you will truly be a satisfied customer.

COMMERCIAL VAN INSURANCE

This policy covers you against most risks to your commercial van, including loss or damage to the van itself, personal injury and medical expenses.

UK drivers are obligated by law to insure the possibility of injury or damage to others from the use of a commercial van on the road. This obligation means that any van driver must hold at least third party commercial van insurance protection.

Such policies are designed to meet the potential risks faced by commercial van motorists, an example is theft. The recession has sparked a wave of van crime, and with precious tools in the back – it has never been more of a good time to purchase van cover.

Commercial van insurance firms will analyse various statistical facts to determine each area of risk – one being the driver. Though many commercial motorists are professional, some insurance companies believe that such drivers are careless because they do not own the van.

You should always try to give prospective commercial van insurance companies as much information about yourself as possible. This will allow them to judge how good a van driver you are. This in turn will help decrease the risk and your quote.

Pros for commercial van insurance

Commercial van insurance packages can start very basic and grow in price and specifications depending on what you need for your business needs.

Normally, any insurance firm that can provide personal cover will be able to provide commercial van insurance too. Cheap insurance online for vans can be found easily using the internet and basic search engines.

Cover ranges from compressive insurance, third party, fire and theft insurance and third party insurance. You can also purchase add-ons such as breakdown cover and driver’s legal protection.

Cons for commercial van insurance

The cheapest quote may not always be best for you and your business. Be sure to examine each insurance policy very carefully because although the costs may only differ slightly, their packages can be completely different in what they will cover.

It is vital that you clearly understand what is important for your business. Factors such as whether you drive your van abroad or whether a comprehensive breakdown service is important plays a big part in determining the correct package for you.

PRIVATE VAN INSURANCE

This insurance type covers the van in various situations. The collision protection is one of the most vital and common claims that is made by private van owners. It covers the van against any kind of crash that occurs with a tree or an oncoming vehicle. Private van cover will help in claiming an amount equal to the losses incurred to the car.

Private van insurance also comes with comprehensive cover. It covers the van against all kinds of losses such as floods, fire and theft.

Pros for private van insurance

Deals for this type of cover are available at low premium rates. To further lower the rates, you should take steps like installing safety measures such as security alarms, to reduce the van’s risk assessment.

Some policies include legal expenses cover and replacement van insurance in case your van is off the road.

Cons for private van insurance

The premium depends on the model and brand of the van. A costlier van will be more prone to theft, therefore expect higher premiums for a flashy mobile.