Buying a van is an expensive investment, therefore you will need a good insurance policy to protect you against loss or damages.
You can choose between a comprehensive cover, the third party only cover, or a third party, fire, and theft (TPFT) cover. Similarly, the type of cover you choose solely depends on what you need it for, the type of van, and what you hope to benefit from the policy.
Besides getting a good cover, getting a good insurer is equally important. Go for one that is convenient and reputable.
Let’s look at some of the things you need to evaluate when looking for affordable insurance policy for your work van.
Factors to Consider Before Buying a Van cover policy
- Brand Reputation
You need to make sure your ideal company can provide timely coverage when required. Checking out other customer’s feedback is one of the best ways of sourcing such information.
You can also check with various financial headlines for details on an individual company’s reputation. If you receive more positive feedback then you good to go.
There are different types of covers and each cover provides different coverage. For example, comprehensive insurance covers multiple damages including third parties and their vans.
On the other hand, the third party only cover is only liable for damages caused by your van on another person’s car in case of an accident. For this reason, experts advise on the need to study each coverage properly.
A good insurance provider should provide timely services when needed. They should also be easily accessible at all times. Besides, they should also have a well-detailed website where you can register or air your claims online. By any means, if they have a mobile app where you can instantly renew your cover, is an added advantage.
- Premium Amount
These policies require you to pay a certain amount of premiums depending on the package. The higher the premium the more the amount you can claim. Additionally, some of these packages come with bonus parts that could be beneficial to you in the long run. Hence, make sure you have a flexible budget plan for the premiums.
- Customer service
Does your preferred company respond quickly to issues or questions? These are among the things you should consider before hiring one. You can try engaging them on their website or a phone call and see how long they take to respond to a query.
Not everything is covered under a van insurance plan. Some things like normal wear and tear, accidents caused by drunk driving or negligence, mechanical and electrical break down or value depreciation are common exclusions. This is why you ought to thoroughly go through the policy before buying it.
A comprehensive van insurance plan covers
This policy covers almost all motor-related issues. Some of the issues covered include;
- Personal Accident Cover
This policy provides a personal accident cover depending on the nature of the damage. In case of death or you end up permanently disabled after an accident, there is a pre-determined amount to help you and your family get through the difficult times.
- Third-Party Legal Liability
Damages incurred when your vehicle rums into a third party’s vehicle are covered under this policy. Plus, if the other party gets bodily injured or dies from the impact, the cover protects you against any legal liabilities levied against you.
- Car theft
If your vehicle is stolen and you had insured it with this cover, your insurance provider will replace it with a brand new one. Nonetheless, you must provide a police report as proof that your car was stolen before filing the claim.
- Damage or loss due to man-made hazards
Man-made hazards are unpredictable and could cause loss or severe damage to your car. Some of these calamities include terrorism, riots, strikes, accidental fires, etc. If this happens, your provider will help you pay for the damages incurred.
- Damage or loss due to natural calamities
Natural calamities like earthquakes, floods, storms, or cyclones may strike in your neighborhood causing extreme damages to your van. This plan protects you from all liabilities brought about by natural disasters, hence you don’t have to buy separate covers for each.
Thieves may break into your car and steal some of its parts like the wheels, side mirrors, car stereos, or trail lamps. Luckily, some of these spare parts are readily available in most local stores. With this policy, you can make claim based on this risk for compensation.
- Fire damages
Incas your car gets mangled from accident engine fires, garage fires, arson, or wildfire, this comprehensive plan pays for the replacement or repair cost. However, if you are involved in an accident and your car burst’s into flames, you will need collision insurance for this.
- In-transit car damages
If you are transporting your car via air, land, or water, and it gets damaged or lost, this policy got you covered.
Benefits of a comprehensive van insurance
Here are some of the reasons why having a comprehensive plan is important.
- Saves money
The fact that this policy covers multiple damages, you don’t need to get separate coverage which saves you on extra expenses.
- Total protection
Generally, this insurance plan provides cover for multiple issues including damages caused by fires, vandalism, natural and man-made hazards, personal accidents, and more.
- Stress-free travel
You can now drive comfortably knowing you are fully covered from almost all adversities. Besides, having a comprehensive policy is guarantees enough that both you and the third party are excluded from liabilities.
- Add-on coverage
This helps simplify your journey as you drive. They include towing, windscreen cover, 24-hour roadside assistance, and more. Click here to know more.
Having good insurance coverage gives you the confidence to travel anywhere you like stress-free. Likewise, it saves you money in case of an accident or theft. Make sure you do thorough research on the various covers out there before settling for a particular one. More importantly, consider hiring a company that offers quick, simple, and convenient services when you have a claim.