Most people know about car insurance, but what about van insurance? Clearly if you drive a van then you need to know about van insurance.
There are various different types of van insurance which offer different forms of protection and therefore have different types of costs associated with them.
Firstly there is third party insurance, which is the least costly of the types of insurance available. With this product, there is the minimum of cover, and indeed this is the minimum type of cover that is allowed by law in most countries. The policies in this category will not pay out for such things as damage to the vehicle if there is an accident, or theft of it, or indeed costs associated with fixing the van.
The next level of cover up includes third party still, of course, but adds fire and theft cover. It is pretty self-explanatory what the additional benefits of this type of cover are - and of course the cost of the product is higher too, compared to purely having third party cover.
The most expensive of the types of cover is the fully comprehensive plan - which as the name implies, is comprehensive. Although it is detailed as fully comprehensive, there may still be things that are not covered by it, and for which instead some other sort of breakdown cover is required.
As with many insurance products, there are all sorts of different types and nuances out there and indeed specialist products on the market too. For instance different types for couriers and other sorts of jobs related to van driving.
Remember that you will need to state what the usage of your van is when getting quotes for van insurance - eg whether it is for carrying your own goods or for haulage or whatever other reason your van will be used for.
As with all insurance products, one should shop around then taking out van insurance as there are so many providers out there and with many different requirements to take into account, it is worth getting a range of different quotes.
As ever, those who are younger will generally have higher costs to contend with as generally there is more likely to be an accident and hence a claim for the younger driver meaning that premiums are higher. However there are specialist providers out there for younger van drivers so again it is worth contacting those options too when looking into which type to take out.
|Types of Car Insurance
There are various different types of car insurance product that are available in the UK.
The minimum level of cover that is available to meet legal requirements is a product called third party...
One of the most well-known types of insurance product is life insurance. And this does very much what it says on the tin - it insures against the life of a person.
Thus, if the policy holder (the...
There are two main types of crop yield insurance available, which come under the category of types of agricultural insurance product.
It is self-explanatory what crop insurance guards against -...
Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home.
There are a range of different providers of contents insurance out there on...
Payment Protection Insurance
Until a few years ago, not many people would have heard of Payment Protection Insurance, commonly referred to as PPI. Now it is almost inescapable, with TV adverts and text messages bombarding...
Prize Indemnity Insurance
Prize indemnity insurance is a purchase that would be considered by someone offering a large prize and thus could stand to lose a considerable sum of money. This form of insurance would mean that...
Vehicle insurance is the category of insurance products that cover, surprisingly enough, vehicles.
These can be any sort of vehicle that you can think of, with of course the most common product...
Agricultural insurance is a niche type of insurance product that is available for those who work in specific areas of agriculture. This type of product could offer piece of mind against various...
Income insurance is sometimes referred to as income protection insurance. As the name suggests, this product is focused around what you earn from work.
This type of policy is something that will...
Saving Money on Car Insurance
Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to...