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Saturday, November 7, 2009

Van Insurance: What Do I Need To Know?

By John Hill

When you need to purchase van insurance, there are a number of things that you will want to consider. A reasonable cost is one, of course. But you also have to ensure that you have the type of coverage you need for your business. Having insurance is no use if it does not cover you the way you need when it is time to make a claim.

You first will need to determine what type of coverage your business requires. For one thing, the way you use your vans will have an affect on your individual needs. The type of van can affect your premium as well. A smaller van will normally cost less to insure than a larger one, for example. This is because smaller vans are seen as easier to drive and, therefore, less likely to incur accident claims.

Any drivers that you are insuring to operate your vans will have an effect on your cost. Drivers who are young and inexperienced or those who have poor driving records are going to make your costs increase. So checking into driving records carefully before hiring will have a direct result on your insurance price.

Your van may be used for both commercial and personal use. However, if so, you need to go over this with your insurance broker. You do not want to be caught with only personal insurance if you have an accident while using the van for your business. In this case, it is likely that the company will not pay out on any claim.

Other considerations in pricing your insurance policy will be what you are using your vans to transport. Hazardous material transporting is more difficult to get coverage for, and many insurance companies will not consider you in this case. You will likely have to do a bit more searching to find a broker with whom to work.

Some factors can help you to lower your costs, such as security devices. These will make it less likely you will need to file a theft claim. Also, if you have several fans you are insuring, you may be able to get a fleet discount. Filing no claims for a year can also result in premium discounts for the year following.

After making a list of the necessary information regarding your vehicles and their use, you can start looking for insurance quotes. By going to the Internet, you should be able to do this quickly and easily.

Many insurance companies are set up to give you online quotes. These can include more traditional brokers as well as companies that only exist online. Often, you can find sites that give quotes from more than one company at once, so that making comparisons is far easier.

Before you sign the dotted line, it is also good to check on the reputation of the companies you are considering. Look for customer testimonials, especially in terms of how they pay out on claims. Remember, there are a lot of companies to choose from for van insurance, so take the time to find one that has a good price and the coverage you need. - 23211

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