Vehicle Delivery/Collection Insurance

Vehicle Delivery/Collection Insurance coverage includes the following three levels of insurance:

Third-party only: this coverage protects third parties from injuries and property damage resulting from your business operations. Bear in mind that this policy does not pay for your injuries or damage to your vehicle in the event of an accident. You must cover these costs out-of-pocket. Third-party only is the minimum amount of coverage you’re legally required to have.

Third-party, fire & theft: This policy provides the same coverage as third-party only and offers fire and theft protection for the vehicle you’re driving. If the vehicle is stolen, vandalized, or damaged by fire, this policy protects your vehicle and offers payouts for repair or replacement of the vehicle. However, this coverage does not protect you in case you’re injured in an accident.

Comprehensive: the policy offers the same protections as the two policies above. In addition, it also offers coverage for you and your vehicle. This is the highest level of insurance you can buy, and it’s the most comprehensive insurance policy for you and your business.

Comprehensive: offers the protection listed above and fully protects you and the vehicle in your possession. This is the highest level of insurance you can purchase, and it offers the best protection for you and your business.

Yes! Here are some other types of coverage you may want to consider adding to your vehicle collection/delivery insurance policy:

Road risk: protects you and your employees when collecting and transporting customer vehicles. You can also have your own vehicle insured with this policy.

Premises: protects your business premises and the assets stored on-site, such as vehicles, stock, tools, and machinery.

Public liability: This policy provides protection for your business against claims made by members of the public. If they are injured, or their property is damaged while on your business premises, they may press a claim against your company. This policy also provides legal fees.

Employers’ liability: this policy offers protection for employees while they’re working for your business. There are times when an employee might be injured, become sick, or even die while on the job. Employers’ liability protects you and your business against claims of this kind. What’s more, you’re legally required to have this policy if you have one or more employees.

You are responsible for choosing the right level of indemnity for your business. This limit depends on the type of services/products you offer, the level of risk faced, and any contracts you’ve entered into that may also be determined.

The limit is the maximum amount an insurer is willing to pay for any claims that result from the operation of your business. The most common limits are £1M, £2M, and £5M; however, it may be possible to arrange a higher limit through the insurance provider.

It’s possible that insurance providers will ask for proof that you operate in the motor trades. Proof of trading can include the following:

• Copies of purchase invoices and sales receipts for vehicles bought or sols
• Auction house invoices and auction house membership
• Proof of joint bank account for business partnerships
• Copies of any invoices and receipts for parts or work carried out on customer vehicles
• Submission of accounts

Yes! Here are a couple of ways that may help to reduce the cost of your premium. However, it’s always best to ask your insurance provider about how to lower your premium (each insurer has its own criteria for determining premiums):

Increase the excess: while it’s possible to set your excess to 0, it’s best to increase the excess you’d voluntarily pay in case of a claim. This is one way to lower your insurance premium.

Pay annually: another way to lower your insurance premium is to pay it annually rather than monthly or pay-as-you-go. Most insurance providers offer a discount when paying annually. This is a great way to lower your premium.

Comparison shop: another way to save money on your premium is to comparison shop for vehicle collection & delivery insurance. This may save you quite a bit on your premium.

Comparison shopping is one of the best ways to find the right insurance policy at the right cost. However, it takes a lot of research to find the right insurance providers. It may take long hours online and then calling each insurer individually. Who has time for this amount of activity?

So, why not make your research and quote process that must easier by using MyMoneyComparion.com to find vehicle collection & delivery insurance? We make the process easy and painless! It’s fast to compare insurance quotes directly on our site.

What’s more, we work with highly esteemed vehicle delivery/collection insurance brokers. They have the knowledge and expertise to help you find a policy that works for your business at a price you can afford.

All you need to do is fill out our simple form, hit “Enter,” and wait for quotes to show up from our insurance partners. You’ll receive detailed quotes, which are easy to compare. Our partners ensure you have a customized policy that fits your business requirements.

Whether you work part-time or full-time, we make it easy to find vehicle collection & delivery insurance. And if you have questions about the policies, be sure to reach out to the individual insurers. They can help you find the best insurance for your company.

So, why not get your vehicle collection & delivery insurance quotes today?