Insurance 4 Insurance

Motor trade insurance provides protection for anyone working with motor vehicles; from car dealerships to MOT test centers. While policies are tailored to your specific business needs, cover can be divided into two basic categories: road risk and combined policies

Motor trade insurance is designed to cover people who actively work with cars, people such as car dealers, mechanics etc. The policy is designed to cover you, your vehicles and the public. Then there is a combined policy which is comprised of road risk insurance, liability cover and it usually also includes the building you work from and business interruption.

Under most standard road risk policies for motor trade insurance you will not be insured for vehicles at the business premises. Insurance companies will usually provide cover for this under a combined policy.
 
A motor trader is anyone who deals with motor vehicles in relation to their business or just as an additional income such as car salesmen, mechanics, valeters etc.

Motor traders pose a different type of risk and therefore need specialized insurance policies. The basic insurance policy is just road risk insurance which will cover you to be on the road, it is the basic insurance that will allow you to legally trade.

All motor trade insurance policies will exclude certain vehicle types. Make sure the policy you have covers the vehicles you are dealing with - a list of the vehicles not covered is available from all insurers. This approach can come as an unpleasant surprise where policyholders have assumed they would get the amount that the car was worth when they first took out the insurance, regardless of the car’s actual market value at the time of the incident giving rise to the claim.

Most policyholders assume that their insurance policy will enable them to replace with a similar vehicle a car that has been stolen or damaged beyond repair. When a firm values cars that have been permanently modified, it may be appropriate to look at the closest equivalent vehicle, and to then make adjustments for the quality of the modifications.

Many insurers will not provide a protected no claims bonus in the motor trade insurance industry, it is simply because motor traders tend to have access to many vehicles and it is impossible to be able to protect the no claims bonus as they may have multiple accidents.

Once we have found the cheapest ‘book’ price we will then get in touch with the insurer directly to see what further discount we can negotiate.

Due to the double-digit increase in the property and casualty insurance and a shrinking list of experienced garage insurance providers, dealers across the country have been searching for a better solution for the specialized coverage they need.

Garage insurance provides physical damage coverage for damage to customers’ vehicles while the vehicles are in the care, custody and control of the garage. Typically, comprehensive and collision are the covered perils when using garage insurance.

Garage Insurance provides coverage for bodily injury, property damage or destruction, for which the insured garage and/or its representatives become legally liable resulting from the operation of the garage. For example, negligent repair to a customer’s automobile brakes cause them to fail, thereby injuring the driver. The garage faces a liability suit for perhaps three types of damages: special, general, and punitive.
Your Garage Insurance & Garage keepers Insurance protects you and your business — if your customer or visitor is injured in an accident that occurs out of your ownership of, maintenance of, or use of the premises for the purpose of garage. It pays for medical expenses and property damage to the injured. It also pays for accidents resulting from the operation of service hoists or elevators.

There are number of insurance companies that provides coverage for liability arising from garage operations, medical payments, automobile physical damage, and uninsured or underinsured motorists in a single contract for automobile dealers, service stations, auto repair shops and parking lots.

Garage insurance can be used for a wide range of exposures. A small garage with one gasoline pump can be insured on a garage form. The franchise auto dealer with a thousand cars also can be covered by the garage form. Self-service gasoline stations, car washes, auto body shops, and auto tow truck operations can be insured by the form, too.

Garage liability coverage limits up to $1 million /$2 million. Uninsured and underinsured motorist coverage limit up to $1 million. Garage keepers coverage limit up to $1 million per lot / $150,000 per vehicle.

Garage owners can depend on receiving affordable and complete repair shop insurance coverage at highly competitive rates. The significant value of property and contents makes insurance coverage an important factor in doing business, dealership operators said.

You’ll probably encounter insurance companies that offer package deals, which can be cheaper than buying several individual policies separately. As long as all your needs are met, these package deals can be a good way to go.

As always, be sure you understand the extent of coverage in each area rather than relying on any promises that a particular package covers “all your business needs.”

Yacht insurance provides physical damage coverage to repair your yacht if it’s accidentally damaged or destroyed by a covered peril such as collision, fire, theft, windstorm, lightning or vandalism. This coverage is broad, and provides coverage for the yacht, including its machinery and auxiliary equipment, outboard motors, yacht trailer and personal property.

A Yacht Insurance policy can provide physical damage coverage on an Actual Cash Value (ACV) or an Agreed Amount Value basis. Both types of boat insurance policies offer important coverage’s for your yacht but there are significant differences.

Your boat or yacht insurance policy protects you against a wide array of damages - safeguarding you and your vessel. Insures your yacht for an “agreed value,” so you will know what you will be paid should a total loss occur.

In a yacht policy include medical payments, personal effects, uninsured boater, and towing. Credits can also be given for completion of boating safety courses and for having safety equipment onboard your vessel. Coverage applies to the yacht itself and includes sails, machinery and other equipment normally required for the operation and maintenance of the yacht.

When it comes to online boat insurance or yacht insurance quotes, people should be very careful while searching for the companies.

A good yacht insurance policy should also offer Personal Effects coverage to provide protection for those items not intended for the normal operation of your yacht. An insured’s actual benefits and policy features depend on the specific coverage options and benefit levels selected.

The most common mistake people made when purchasing yacht insurance is the assumption that all policies are the same and price is the only difference? There are no “standard” yacht policies, and most owners discover the gaps in their policy when they have a loss

You can give yourself protection if your yacht suffers accidental loss or damage, cover for death or injury to other people or damage to their property.

Your yacht insurance policy should be tailored by an experienced specialist to fit your specific requirements, your particular boat and her areas of use. The selection of a policy from the most qualified of many yacht and boat insurance companies represented by your agent should result in the lowest overall cost to you.

The company that insures your yacht should be well established, top-rated, financially sound and solidly committed to yacht insurance… and so should your insurance agent!

If you have own a Classic Car you know that it’s very difficult to insured. These cars should be older than fifteen years. The annual mileage must not exceed 7,500 miles - discounts are available for lower mileage. Many people feel that anything prior to 1970 is a classic. Classic cars can be more expensive and high maintenance status symbols. The reality is that many of these older motor vehicles do not fit this stereotype.

It is often reported in the motoring press that classic car insurance is far cheaper than a modern car policy, but it is important to note that this assumes a very limited mileage and the garaging of the vehicle in ideal circumstances.

Do not assume that your insurance company knows how much your car is worth. You might find that you value it much more than they do. Obtain a policy where the value of the vehicle is stated in writing. Get a written appraisal on your vehicle so there is no question on its value.

The condition and scarcity of classic cars varies dramatically. An owner’s perception of the value of their vehicle can very easily differ from the insurer’s valuation. The time to agree a valuation with your insurer is before and not after a claim arises (see below).

For the best deal, make contact only with specialist insurers. Their specific insurance schemes are tailored to fit your requirements and their rates are usually better.

You must choose a company that has experience dealing with classic automobiles. Make sure that the value of your classic car is “guaranteed” in the insurance policy. Some car insurance companies have refused to pay car owners the full value of their vehicles. If it is not guaranteed in the contract, you may be very angry if your car was damaged beyond repair or stolen.

Some classic car insurers offer tailor-made policies for people who own classic cars that aren’t driven on a daily basis, while other providers require the car to stay under a certain mileage per year. Others arrange policies based on the age of the vehicle. Certain policies require that your classic car be kept in a garage or enclosed and locked space, and as long as those requirements are met, insurance rates stay fairly low and don’t have to be as expensive as one may think. Some online classic car insurance agents even give small discounts on insurance premiums if you’re a member of an antique or classic car club.

Some classic car insurance agent tell lie Do your homework before finding a classic car insurance.

Bicycles are many times more efficient in using street space than automobiles, and roughly comparable to buses operating at high load factors. Anyone who owns a bicycle should obtain bicycle insurance. Bicycle insurance covers your bicycle stolen or damaged to ensure you get the most from your bicycle policy make sure you choose the right insurance policy to suit your needs. You should consider what you use your bike for, how often you use it, and where you keep it.

You can starts your bicycle insurance from the date you receive the product purchased and lasts for 12 months provided the premium has been paid. After this period, the insurance will no longer be in force, and no renewal of the cover will be offered.

Bicycle insurance generally covers theft, accidental damage and vandalism. Bicycle insurance companies pay repair costs if your product is bicycle as the result of an accident, up to the original purchase price you paid for it. If the bicycle is not possible or not economical to repair, companies will replace it with a new product for newer bicycles you will usually get a new bicycle as a replacement. With older bicycles you are likely to get and an equivalent used bicycle of the same value. If your bicycle is stolen, companies will replace it with a new bicycle you should also be able to claim back costs of locks, accessories, and a limited number of modifications.

If the bicycle to be insured falls within a more expensive price bracket (four figures and upwards) then a household policy may not pay out enough to replace it in the event of a claim. In this instance a specialist policy might be more appropriate, as it can offer more specific cover and benefits, such as replacing new for old and third-party insurance.

Bicycle insurance does not always include personal liability insurance in the event of an accident so you should double check this part of your policy. Typically, bicycle insurance amounts to around 10% of the value of the bicycle you are insuring. This amount can go down depending on your zip code and the age of your bicycle.

If your bicycle cost is Up to £150 your bicycle insurance premium £20.00 and £900 to £1,000 than your bicycle insurance premium is £104.00.

Okay… Most specialized insurance companies handle all types of bike insurance from sports bike insurance to scooter insurance. Insurance companies also offers a unique mix of policy and service benefits. They also offer exceptional value for money. With a huge panel of insurance underwriters to choose from, whatever bike you ride - from superbikes to scooters -  good insurance companies will find you the best motorcycle insurance.

But, before getting bike insurance find out what kind of insurance will suit your need… or in simple words “will come your all risks and insure you and your family”

Type of bike insurances:

1. Sports Bikes Insurance
2. Sports Tourer Insurance
3. TouringInsurance
4. Scooters Insurance
5. Naked Insurance
6. Custom/Cruiser Insurance
7. Trial/Enduro Insurance
8. Adventure Sport Insurance
9. Classic Insurance
10. Quad Insurance
11. Monkey Bikes Insurance

How secure is your bike? What more could you do to prevent it from being stolen? All these questions and many more… what you have to say?

Van insurance is a contract between you and the insurer, specifying each party’s rights and obligations. If your business relies on its vans, you need to be able to rely on your van insurance. Finding the right van insurance can be a long and stressful process, what with phoning round different insurance brokers and companies and completing numerous online forms.  Looking for insurance can be a time intensive task, and we understand that time invariably costs money

Whatever type of van or commercial vehicle you own or are looking to purchase, it’s important that you get the best cover to suit both your budget and requirements. However careful van drivers you are, accidents can still occur.

When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.

Van insurance is designed to protect yourself and others against these risks. It provides financial cover and can also offer other services

If you drive a courier van you’ll know how difficult it is to find affordable insurance. Insurance companies either aren’t interested or charge sky-high premiums. After all, if you spend all day on the road; surely you must represent a greater risk?

Most van owners are self-employed and rely heavily on their vehicle for their income. They want to keep the vehicle on the road whatever happens – if their van is out of action their business stops, so good cover is essential.

In the UK you must by law have a minimum amount of cover in order to drive on the road with your van. You must insure third parties for accidental death or injury arising from use of the vehicle. This is known as third party insurance and will only cover your vehicle for third party damage and not if the van is stolen or is maliciously or accidentally damaged. In order to cover your van for theft and accidental damage you will need to increase the level of cover you require from third party only to third party fire & theft or comprehensive insurance. The majority of insurers offer you a replacement vehicle in the event of a non-fault accident,

The benefits of our van insurance can include immediate cover, flexible payment terms, breakdown cover and courtesy car, legal cover, repayment protection, windscreen cover, goods in transit cover, public liability cover, special rates for drivers with claims or convictions and protected no claim bonus for drivers without claims.

Often your van insurance policy will not cover tools and goods whilst in the vehicle so either makes sure you unload the van overnight or take out separate insurance for these.

Insurance for many new trucks and SUVs can be quite costly. That’s because, although you’re you do: As a class, trucks are stolen much more frequently than typical cars.

Companies that insure motor carriers, trucks, and drivers are not all the same. Some sell through independent agents, others through their own sales staffs. Some specialize in commercial truck insurance, while others sell it as one of a secondary line of coverage’s they offer. Some companies specialize in specific niches within the motor-carrier industry, such as large fleets, temperature-controlled equipment, or owner-operators. Some cover thousands of small customers, while others only handle a few big ones. Probably careful with your pride and joy, other truck and SUV drivers as a group haven’t established an enviable driving record. Worse yet, the bad guys covet your wheels as much as

If you’re an owner-operator, the coverage’s you need will depend on whether you run under your own authority or under someone else’s authority on a permanent or trip lease. If you’re operating under your own authority, you’ll need:
• Primary liability coverage (this includes UIM and PIP)

• Physical damage coverage, which also covers your electronic equipment, tarps, chains, etc.

Normally, when we buy a product we look for the lowest price — if all other things are equal, we take it. The problem with that approach to buying truck insurance is that it can be hard for the layman to tell whether “all other things” are, in fact, equal.

Owner-operators cannot afford to self-insure. The cost of such a policy can vary widely–anywhere from $2,500 to $10,000 per year, depending on your age, the type of vehicle you’re driving, and the type and range of commodities you expect to haul during the life of the policy.

Once you’ve identified several insurers who specialize in trucking, compare how each scores on what can be called the “Five Fundamentals:”

1. How long has the company been in business and how long has it specialized in truck insurance?
2. Does the company have sufficient reserves to cover many expensive claims at one time?
3. What kinds of contingencies and damages are covered by the basic policies? Do these policies offer options that could be adapted to your needs?
4. What is the cost of basic coverage? What is the cost of additional coverage or optional types of coverage?

Non-trucking Liability

Non-trucking Liability is a limited coverage that provides protection for leased owner-operators only while the truck is being operated for personal convenience, and only after you have reached your principle place of garaging before leaving again. NTL does not protect you in situations such as the one you’ve described, or while driving to and from work, or to the repair shop.

Owning and driving a car means taking on many risks to yourself and others. When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks

Taxi insurance is designed to protect yourself and others against these risks. It provides financial cover and can also offer other services when the need arises.

Taxi Insurance rates have been increasing as more insurance claims have been made in recent years. Taxi insurance is a contract between you and the insurer, specifying each party’s rights and obligations. Essentially your insurer promises to provide specific coverage for you in return for your payment of premium.

As a taxi driver, insurance for your vehicle or fleet can be a tricky business. You must ensure that you get comprehensive cover for both yourselves, as well as for your passengers.

Whatever type of taxi you operate or are looking to purchase in the near future, it’s crucial that you get the best cover to suit both your budget and your needs. When choosing who you want to deal with, the cheapest policy may not always be the best.

Insurance companies provide taxi insurance through personal auto policies (PAP’S). It is a contract between you and your insurer, specifying each party’s right and obligations. Essentially, your insurer promises to provide specific coverage for you in return for your payment of a premium.

Premiums of your taxi insurance policy can vary considerably depending on the type of vehicle you insure. As you are no doubt aware, your local Licensing Authority will only approved certain types of vehicle, as they must be of adequate size to carry fare paying passengers. When considering the purchase of a vehicle, always check with your Licensing Authority that the particular vehicle is acceptable.

However careful a taxi driver you are, accidents can happen. In the event of an accident which means you have to make a claim on your insurance policy.

As a taxi or minicab driver you will need insurance that will cover you whilst you’re on the road and with good reassurance and peace of mind.

If you are involved in a non-fault accident, your policy provides unique benefits to help you recover your losses.

In recent years the number of uninsured drivers has risen to 1 in 20 that is both an astounding and appalling number in our eyes. We thought we’d take this opportunity to talk about some of the measures that are being taken to stamp this number down to something a bit more sensible.

What can be done to sort this problem out once and for all. Unfortunately the answer isn’t as simple as “reduce insurance premiums” because the insurance houses need to be sure that they can cover any potential losses.

Shopping around for insurance is always a good idea but if you have penalty points on your license it can be even more important to shop around for the best deal. There are certain companies that will go out of their way to find you the best car insurance quote whatever your circumstances. With this in mind it is imperative that you spend the time to shop around for the best deal.

Drivers with little experience represent a greater insurance risk and insurance companies often are unwilling to take on the risk of a learner driver. Many drivers expect that once they have passed their test, their insurance premiums will reduce. However statistically this is not the case. A learner driver who is supervised statistically is at a similar risk of accident as a newly qualified driver.

Looking after younger drivers means we see things differently to ‘normal’ insurance companies.

Most insurance companies will charge younger and more inexperienced drivers considerably higher premiums because, statistically, they fall into a higher risk category. Teenagers often have problems getting first time insurance.

Young drivers shouldn’t pay over the odds, and also that, while insurance companies are quite happy to charge younger drivers expensive insurance rates, they are precisely the people who don’t have money to burn.

As a young driver you will be classed as a higher risk than older motorists on the roads and can expect to pay higher car insurance premiums as a consequence. Add this to any driving endorsements that you may have picked up such as penalty points on your license for speeding and finding competitive high risk car insurance can become a chore.

In today’s car insurance market there are some companies that understand there is a need to help drivers, of all circumstances, get competitive high risk car insurance. The fact is that by making sure that car insurance is available to ALL drivers at competitive prices we can help to curb uninsured motorists on the road.

No matter what kind of driver you are we recommend when buying insurance you shop around and get quotes.