Competitive HGV Insurance Cover

All types of HGV vehicles can be offered competitive rates for their insurance. Many insurance companies will provide cover for HGVs which travel abroad.

If you require a vehicle to be insured for travelling abroad this should be mentioned at the quotation stage. For those who have an existing policy which does not provide this cover the insurance company should be contacted as a matter of urgency. In other words, prior to departure from the UK to enable the insurers to amend the policy accordingly.

There are age limits for drivers who wish to be insured. Generally the insurance companies have both upper and lower age limit restriction. Typically the lower age limit is 23 years and the upper 60 years. Drivers outside of this scope who have held a license for a minimum of 12 months may be able to offered insurance cover. This option varies between HGV insurance companies.

Insurance companies will only be able to offer insurance to drivers who hold the correct HGV class license for the vehicle in question.

HGVs which travel to dangerous locations such as demolition sites or chemical plants should inform the insurance company at the quotation stage. If travel locations change and then include travelling to dangerous locations the insurance company to be informed immediately in order them to make the necessary alterations to the policy. Failure to inform the insurers may result in the policy being invalid.

Hauliers who operate multiple heavy goods vehicles can make huge savings on their insurance premiums by having a HGV fleet insurance policy. The number of vehicles needed to constitute a fleet differs between insurance companies.

Mixed fleet insurance is also available for businesses which operate a number of different types of vehicles. Inform the insurance companies the types of vehicles you have and they will be able to provide appropriate and competitive quotations.

HGV Insurance does not usually cover for Goods in Transit. If this cover is required it can be included with the HGV insurance. The insurers will need to know the nature of the goods which are being carried in order for them to assess the risks. Explain at quotation stage that Goods In Transit cover will be required.

As with most insurance options should circumstances change and you require additional aspects of your business to be covered by insurance, simply phone the insurers and they will be able to offer advise and guidance, amending the policy where appropriate.

Anyone applying for insurance has a duty of care to disclose information as accurately as they can. Any misinformation given may be classed as deliberate intention to misinform, as such an insurance policy will be invalid.

Reputable HGV Insurance companies are more than willing to share their expertise and knowledge of insurance requirements with anyone asking for a quotation. They also appreciate that keeping an HGV on the road is of paramount importance and people’s livelihoods. Providing the correct insurance which meet legal requirements and suits individual business needs is of utmost importance to them.

Author: Stanley Headley
Source: http://www.articlealley.com/article_748081_19.html