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Finding the Benefits Of Fleet Insurance
Huge savings can be made by having a number of vehicles covered under one insurance policy. This option can be used for any type of vehicle such as company cars, heavy goods vehicles, taxis, motorbikes, vans and even agricultural vehicles which use the public highways.
In order to qualify for multi vehicle insurance cover insurance companies have a predetermined number of vehicles which they constitute as a fleet. The vehicles do not have to all be the same types as a mixed fleet policy is also available.
Typically insurance companies say that in order to qualify the owner must have four or more vehicles, however this does vary between insurance companies and the type of vehicles you wish to be included on the policy.
It is also possible to include personal vehicles as part of a fleet, therefore any one who owns more than three vehicles would be wise to make enquiries as to the advantages of having fleet insurance cover.
As with any vehicle insurance there are ways which a fleet policy's premiums can be lowered. Insurance companies will endeavour to keep costs as low as possible while still proving an excellent service and appropriate insurance cover for your vehicles.
Fleet policies can be a mixture of different levels of insurance cover. Older vehicles which have a low market value may be adequately insured with Third Party Only cover, while high performance cars would be more appropriately covered by having a comprehensive insurance.
The age and experience of the fleet drivers will also have an impact on the cost of the premium. Drivers who have a proven track record of no claims will be offered generous discounts, whilst the less experienced who have not been driving sufficiently long enough to have accumulated a no claims discount will demand high costs.
If one of the fleet drivers has not accrued a no claims bonus it may be more cost effective to insure this driver under a separate policy. Like wise if one of the drivers is young, usually under twenty one years, they may also increase the premiums and therefore would suit being insured separately. Speak to the insurance companies, giving them full facts relating to all of the fleet drivers and they will calculate the best insurance deal to suit your individual needs.
Having fleet insurance is an effective way to manage your fleet. Rather than having different policies for each vehicle all arriving at different times of the year, under a fleet policy there will only be one renewal date to remember. Fleet insurance can also help you make savings on administration time and costs.
As there are so many different options available with fleet insurance the best course of action is to contact an insurance company which specialises in this type of insurance cover. They will have the expertise and knowledge to offer the best quotations. Many insurance companies will dedicate a fleet insurance consultant to look after your interests to ensure you get the best customer service and satisfaction.
Author Resource:-
Staveley Head are a leading UK insurance broker for
fleet insurance
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