subject: How To Determine Whether You Need Short Or Long-term Commercial Van Insurance [print this page] No two people are alike and the same applies to the different companies that are out there. Every person and companies additionally have different needs and requirements. This is especially the case when it comes to buying vehicle insurance.
As all people are aware, all vehicles driven on the road must have insurance cover. Especially when you are a business that uses a vehicle for transportation of goods or services. Therefore it is imperative that any business have van insurance.
The amount of insurance is important in relation to costs in addition to ensuring there is enough cover in the case of an accident. In the case of costs, you don't want to be paying too much. However, you do not want to buy a policy that is insufficient to cover repairs or other such things like legal costs.
Having enough cover is what will protect you in the unfortunate event that you get into an accident. It keeps people from being able to go after the assets that you have, or worse. This is the reason why it is important to make sure that you buy the right amount of cover, so you don't end up among the many that are paying too much for their policies as this doesn't make good business sense.
When a business is searching for commercial van insurance, they should evaluate how often they use the van. If the company finds the van is rarely used then short term policy may become the best option. When you buy short term policy, then you are only paying for the insurance on a temporary basis.
When you use short term insurance, you do not have to worry about paying for a policy you are rarely using throughout the year. Instead, you are only paying for the policy over a period of 1 to 28 days. This makes it easier for the companies who only use the van on occasions such as holiday or during a temporary job.
Although the temporary short term insurance does not cover you throughout the year, when you want it, you can get it immediately. With most of the insurers, you can apply for the policy online. In addition, many of them have the convenience of allowing you to pay online as well. With a temporary policy, there is usually the option for third party or comprehensive cover.
Short term insurance, is one of the most convenient and cost efficient options when you only need your employees to drive every once in a while. This way you are never paying for large and expensive premiums that you do not need and rarely use.
Basically, the only requirements are that you stay within the set time, which is usually under 28 days. In addition, you have to make sure to put the driver on the policy as well.
As for the driver, they need to be between the ages of 21-69. Any additional driver of the vehicle can be up to the age of 75. The whole procedure involved with obtaining van insurance is simple and will additionally give you the added flexibility that you need in addition to peace of mind and savings on your overheads.
by: Tom Jones
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