Getting the Best from Truck Insurance Quotes

As with any insurance the onus is on you, the customer, to ensure that you have provided the correct information when getting a truck insurance quote. The only person that stands to lose if the cover is insufficient or negated by incorrect details is you,  the customer and it could be fatal for your business so best to make sure it doesn’t happen.

Clearly we are all drawn to looking for the best price but do not fall for the cheapest being the best without having read the small print and checking the full extent of the cover – or lack of cover.  Remember the old adage from your grandmother – If it seems too good to be true – it probably is.  One quote substantially lower than five others suggests that the level of cover being offered is significantly less and you need to check before you commit.

lorry insurance quoteThere are a couple of easy tips that will ensure you don’t fall into the most common truck insurance quote traps.  Firstly ‘Correct Usage’ is a really important term that you need to understand.  The rules on this have been tightened up – both from an insurance point of view and also the police point of view.  Not only can claims be invalidated if you have not got the correct usage on your insurance but the police are increasingly making spot checks at the side of the road just to check this issue alone.  The penalty for not being properly insured for correct usage is six penalty points on your driving licence, a fine and an IN10 (driving without appropriate insurance) – Not really worth the risk!  So, look for the wording on the policy and make sure it states: Hire and reward / Courier Usage and Haulage as appropriate to your line of work, a cover all of business use is not enough.

Secondly policies that are weight rated can sometimes catch out even the most experienced driver.  When you are offered a cover limit of say £10000 total goods cover make sure that IS all they are offering – some have a per tonne limit that can actually see you significantly out of pocket.  You want to ensure you have 100% cover and avoid tonnage based on weight cover at all costs.  An simple example is if a package weighing 4 kilos was damaged, the cover payout, if the policy was capped at £15 a kilo would be £60 – not close enough by far if the item itself is worth £5000 – the shortfall would be down to you as the liable party.

Of course as with all insurance quotes make sure you are giving correct information –  a missed penalty point here – a forgotten incident there can all come back to bite you should you need to make a claim.  Check that your vehicle specification is correct against the data they hold from DVLA, even silly details like your date of birth can be used against you if they have not been recorded correctly.

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