Five Mistakes People Make when Buying Van Insurance
Five Mistakes People Make when Buying Van Insurance
Buying insurance should be a simple experience. You find the right policy, get a good price and get your van covered. But even the simplest tasks have their own dangers attached.
Van insurance is a prime example of this. On paper, it's a straightforward process, but you have to be wary of potential issues, such as paying over the odds or getting the wrong kind of cover entirely. So to help you steer clear of any such potential stumbling blocks, here's a guide to five of the most common mistakes that people make when buying or renewing their van insurance policy.
Provide inaccurate information
Vans are designed as multipurpose vehicles. Therefore the insurance that covers them has to take account of all these potential uses. This can add a certain complexity to the application process and may even lead to avoidable errors being made in the information you provide.
For example, if you fail to name a regular driver of your vehicle or claim that it is used for one purpose when it is actually used for another, this can cause significant issues. Bearing in mind that insurance is a legal requirement, if your policy is invalidated by any inaccuracies, you may face bigger issues than simply finding it a little difficult to make a successful claim.
Check your policy before renewing
A year can be a very long time in the life of a van and a business. Many things can change during this period, some of which may need to be reflected in your insurance. Failure to properly update your details could lead to many of the problems highlighted in the previous section. Whilst a cheap quote may be what you're after, ultimately you want to have van insurance that will actually provide you with the cover you need.
So make sure you take the time to review your renewal request and take this as an opportunity to make any necessary changes even if it is just a minor tweak in your expected annual mileage or adding a new driver. Use your current policy as a marker and then make changes to suit. Editing it during the lifetime of your policy can end up costing you a standard fee each time, so it's worth doing it when you have the opportunity.
Failing to check out the competition
Whilst you might be happy with your current insurer and have received a decent offer for your renewal, that doesn't mean that it can't be improved upon elsewhere. Get online and have a look. Use your same details with a variety of insurers and see what is available to you and find out where savings can be made without having to drop your level of cover.
It's easy to do, and thanks to the Internet, it is amazingly accessible and quick too. So there's no excuse for paying more for the same policy through ignorance.
Assume it's the same as car insurance
There are obvious similarities between the two forms of cover; however, there are also a similar amount of differences that mark them apart. If you aren't careful you can miss important information (again, as detailed in the first section) or leave yourself hopelessly under insured. Understand your vehicle, what it's used for, where it's kept and who will be using it. Only by getting all of this correct can you have a policy that really provides the cover required.
Buy too much or too little cover
If you're panicking that you've not used the correct details or exaggerate the level of cover that you need, you're far more likely to spend more than is strictly necessary on your cover. If you haven't applied previously, consult somebody who has to get advice or even contact the insurer to guide you through the process. A phone application is often a good way to query things as you go along as long as you have all the information to hand of course. When You Should Buy A Treadmill Before You Pay Full Price For Ink Conservatories - Try it before you buy it Latest Buy Offers - A deal difficult to ignore Shopping For Shower Curtains Online Customer Engagement - It's Time to Combine the Best of Online Purchases with In-Store Shopping Reasons Why It Might Be Time For You To Buy A Big Scanning device Reasons Why You Should Buy A Roomba Advice about what to Buy for Your Wii Being to conservative Doesn't Pay off Pay More Attention To The Hottest Mode, You Will Be Hot Too Where to buy Puppies Top Tips for buying Insurance in UAE