subject: Important Considerations For Hgv Insurance [print this page] When on the move there is one thing that everyone needs to ensure that they are safely covered for eventualities and that is insurance. This is no different for when travelling in your car, going on holiday travels, or ensuring that you can replace your mobile phone if it is lost or stolen. The same applies when you wish drive a lorry or any sort of heavy goods vehicle, insurance should always be invested in if you wish to use the HGV legally and safely.
However when many look to utilise the endless of advantages a heavy goods vehicle can bring they are put of by the array and cost of HGV insurance policies. Many drivers or entrepreneurs struggle to understand the reason for why insurance quotes for lorries may be so high and there are a number of factors that need to be taken into consideration.
The assigned lorry driver: An experienced lorry driver who is correctly qualified to drive a heavy goods vehicle and has a clean or exemplarily insurance record may receive a much cheaper quote than that of a driver who is inexperienced or has not built up a no claims record. Wanting to use multiple drivers for the heavy goods vehicle will also influence the potential cost of the policy. Insuring drivers that have previous driving convictions may push up the insurance premiums even further.
The size of the heavy goods vehicle: Larger HGVs that may have heavier trailers are generally more expensive to insure than smaller trucks or lorries.
The cargo or freight that the heavy goods vehicle is carrying: If your heavy goods vehicle is carrying a highly valuable freight which carried a large net worth you will need to insure it for a higher amount in order to cover its value. This is one of the main influences on insurance premium costs.
The mileage that the HGV is expected to cover: If the heavy goods vehicle is expected to cover a large number of road miles you can expect your HGV insurance premiums to increase.
The location where the HGV will travel: If your logistical operations require freight to be sent internationally rather than just through out the UK, you will need international insurance cover written into your policy. If you expect that international journeys will be infrequent in may be cheaper to add this insurance when you need rather than insuring for it on an annual basis.
by: Neil Anderson
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