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Multiple Vehicles? Fleet Insurance will Protect your Investment

If your business has more than one vehicle used for transportation you should consider fleet insurance. This type of insurance is often a more economical way to cover multiple vehicles instead of covering each one individually. Each business is unique in its needs so you should work closely with your provider to customise a policy that will suit your needs and be budget friendly. Make sure to shop around to get the best possible rates.

What will insurance cover for multiple vehicles?

Fleet insurance is available for two or more vehicles. Most insurance providers will be able to customise a policy that is suited to all the vehicles you use, even if they are not all the same. Although this insurance is often thought of for groups of the same type of vehicle, it is not necessary and you can mix and match vehicles in a single policy in most cases. Vehicles can be fleet rated and this can help in obtaining a quote but previous rating is not a prerequisite for eligibility into this form of insurance. There are also several different choices that you can opt for in the policy. You can choose comprehensive insurance, third party fire and theft or only third party. Choose the one that best suits your needs and budget.

What types of vehicles are available for coverage as a fleet?

Many businesses looking for fleet insurance have multiple vehicles of the same type. For example a catering business may have multiple vans that they use to transport their food to the venues. As they grow they may acquire additional vans that are used and these vans are customised with their logo. Many types of businesses use similar models, acquiring additional similar vehicles for use. These are prime examples of fleets and are eligible for insurance designed to cover fleets. However, not all the vehicles have to be the same in order to comprise a fleet. You can instead combine a mixture of multiple vehicle types and they are still eligible. Lorries, cars, vans and other vehicles used for commercial purposes can be covered.

What else will you need to properly cover your vehicles?

Basic insurance to cover the fleet is necessary to secure your investment against theft, loss or damage. However, there may be additional coverage that will help cover your vehicles. A repair scheme may be available, courtesy car, windscreen coverage, breakdown and recovery, and more. You should check with your insurance company to determine what additional coverage is available and whether or not it is necessary for your fleet.

Other considerations for insurance on your fleet

If a vehicle in your fleet is out of commission or for any reason, it can sorely hurt your business. Therefore in addition to low cost, reliable customer support is also important. Make sure you deal with a company that has a solid reputation and is available when you need them. A 24 hour customer and claims service line may not be essential to you, but in many cases it is extremely convenient in case you need to make a claim.

Author Resource:- Neil Anderson is a UK based finance specialist who provides advice and information about a wide range of products including fleet insurance. Find out more by visiting his website, at http://www.dna-insurance.com/
Submitted 2010-04-29 07:25:34
By: Neil Anderson 99 or more times read
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