There are a number of options available when selecting your minibus insurance policy
that will affect both the insurance premiums you will have to pay and the amount of liability cover you will receive.
The cheapest option is a simple third party minibus insurance policy. Whilst this type of policy can be very tempting due to the cheaper premiums it offers there are a number of risks that should be considered. Whilst any third party drivers involved in a potential accident will be covered, if you are liable for the accident then you will not receive any compensation for damage to your vehicle.
A simple third party minibus insurance policy will also fail to cover you for the theft of your vehicle in case of it being stolen. If you find your vehicle has been taken without your permission your best hopes is that it is found by the police without damage as you would not receive any compensation in the case of it not being found nor if it was set on fire. Whilst this insurance will allow you to legally drive it does not provide you with much protection.
The middle ground option is a third party fire and theft minibus insurance policy. This type of policy is slightly more expensive however it will protect you in the event of you vehicle being stolen, or set on fire. Whilst you would still be liable for damage to your vehicle that was your fault, this policy provides a much more significant level of cover. Many third party fire and theft minibus policies will also provide cover for legal costs that may arise in relationship to claims against your insurance policy.
The third option available is a comprehensive minibus insurance policy. This is covers you for almost every eventuality, providing everything that third party fire and theft offers and a whole lot more. With a comprehensive policy you can have peace of mind that if you were involved in an accident and was liable that you would be covered for any legal costs, injuries, or damage to both your own vehicle and the property of others that may have been involved. There are generally a number of nice benefits that include replacement or repair to damaged minibus windscreens or windows, or replacement for the loss of personal items in the case of a fire.
Although cheaper minibus insurance options may be tempting comprehensive is by far the best value for money and is highly recommended as the best policy option for your minibus insurance. Insurance premiums may appear to be a lot higher however if you contact a specialist minibus insurance broker you can often get a comprehensive quote that will fit your budget.