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Monday, May 18, 2009

Courier Van Insurance For Adequate Cover

By Simon Normski

Insuring courier vehicles has historically generated mixed feelings among insurance companies. However, many insurance companies have embraced the fact the courier businesses require tailored insurance to meet their business needs and are welcoming new customers by offering savings and discounts on introductory courier insurance policies.

If you have any no claims discounts make sure you tell the insurance companies when asking for a quotation. Huge savings can be made on the premiums, with some insurers offering massive no claims discounts which can reduce the cost of the insurance dramatically.

Generous No Claims Discounts with the option to protect the discounts. Generally this means that insurers will allow for a certain number of claims to be made before it affects your no claims discounts.

Restriction on the nature and value of the goods will apply. Goods which are classed as hazardous or dangerous will incur higher insurance premiums due to the associated risks. You may also be required to have additional Public Liability cover. Speak with the insurers for advice and guidance as to the different options of Goods in Transit cover.

If you carry valuable items which exceed the insurance limits it will be possible to insure these separately. The insurance companies will advise as to the best possible cover required.

All risks options are not generally included with a Goods In Transit policy they are counted as optional extras for which additional costs will be incurred due to the higher amount of cover they provide. This type of option usually comes with strict restrictions and exemptions. It is therefore wise to discuss exactly what is and isn't covered and read the schedule and policy very carefully when it arrives.

Those who hop across the Channel with their transit for work or pleasure should inform the insurance company. Additional cover may be required for any goods onboard. There are restrictions as to the nature of goods which can be taken out of or brought back into the UK. Speak with the insurers before you leave to ensure you have appropriate transit van insurance cover.

With ever increasing insurance costs insurance companies are offering some very competitive and low cost courier insurance in order to get your interest and generate new business. With the present economic situation in the UK it has probably never been a better time to find some very good courier insurance deals!

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