subject: Three Types Of Van Insurance You Should Consider [print this page] Cars are more common these days and therefore should involve a more difficult procedure when looking for insurance right? Wrong. While cars are more common, their insurance covers are often cheaper and less stressful when compared to van insurance. Vans are less common but attract far more scrutiny from insurance companies when owners want to insure them. The reasons for this include
-The Type of Work the van is used for. Most vans are used in transporting property, luggage and in some countries, people, from one location to another. Therefore, they are more susceptible to risks as against cars.
-The Nature of Goods Transported. The kind of goods frequently transported in vans can also be a determining factor. Vans that transfer flammable goods or fragile luggage tend to attract higher premiums because of their contents and risk level.
Any good business owner knows that while insurance is a pain, it is also a great way to "save for the future". Many people have been helped by insurance claims when they were involved in some third party accident, theft or fire.
Most insurance companies have different covers and plans for people who want van insurance. These are broadly categorised into three:
1.Fleet Van Insurance
Insuring each van individually can attract really high premium rates as the premiums for each of them do not involve any form of discount. But if you own more than five vans, then you should consider this option. It is just like buying in bulk. It always comes with a discount. This kind of insurance plan is better for commercial van owners who use them for business purposes. Insuring your vans as a fleet will cost you less in payments and in certain instances, attract discount offers too.
2.Single Van or Personal Van Insurance
This kind of van insurance is best for people who just use their vans for personal purposes. Let's assume you spend a lot of time outdoors and like driving around in your van and hauling around your camping equipment; you are likely to attract less premium rates as the insurance companies will consider the fact that you use it for personal uses. Since most personally used cars and vans are well maintained and take care of, the premium rates will be far lower.
3.Temporary Van Insurance
This is also frequently referred to as short term van insurance. This is necessary when you need to borrow a van to move your luggage, go on a camping trip, or just go away for some time. Since borrowing the van is temporary and for a short while, the best bet is to forget about applying for insurance following the standard procedure. Your best bet is to just include your name among with the drivers registered with the insurance company. On the other hand, you can apply for a temporary van insurance plan for the period in which you would be using and driving the van.
by: Paul Headley
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