Fleet insurance can cover you, your vehicles and a third party in case of any damage. In case of any accident if your insured vehicle caused any damage to other people’s property or vehicle damage then fleet insurance cover you and a third party both. In the case of the third party, only fleet insurance is the cheapest way of insurance.
What is fleet insurance?
Fleet means a group of vehicles. A Fleet insurance policy makes it possible to insure multiple vehicles in one single policy. You can insure your cars in your name, your company name or your partner’s name.
Pausing up-to-date with the single insurance policy conditions and reanimation dates of vehicles is very difficult. That’s why a fleet insurance policy has been designed that protects you, your vehicles, and third parties.
One of the advantages of a insurance policy is that it has a single payment date for each insured vehicle and one renewal date.
This policy will help you to manage your big-size company in which you have a number of vehicles in less time. And on the other hand insurance is more cheapest it will save your significant amount of money.
Most fleet insurance policies usually cover these features as standard.
- Trailer liability.
- Employer protection cover.
- Public cover.
- Courtesy car extension
- Breakdown damage cover.
- Theft activities cover.
- Goods in transit cover.
- Third-party cover.
Are different types of fleet insurance features available?
Absolutely, there are different features of insurance available that are considered for your business. Typically these features fall into three categories:
if you happen any accident, unfortunately, you damage another person’s car or property then this insurance feature will cover third-party vehicles or property. This feature is the cheapest form of fleet insurance and the minimum amount is required for legal coverage of business to operate. Because this is less expensive than other types of fleet insurance policies that’s why this feature does not cover your damaged vehicle and drivers.
Third-party fire and theft:
Third-party and theft insurance feature offers you a high level of protection while for this policy there is no legal requirement. This feature enables you to make a claim if your vehicle got steal or nourishes as a result of the fire. This feature also covers you if you happen to have any injury in the accident unfortunately or damage to a third party.
Fully comprehensive insurance:
This is the key feature of the insurance policy it is the most advanced form of insurance policies that is available in the market it covers you in all aspects and consequently this feature is the most expensive as compared to the above two features. If you choose a fully comprehensive insurance policy. It will cover you against all of the above features (third-party, fire and theft). It also covers your damaged vehicle and drivers or any changing and repairing expenses. If you have some kind of driver that is unable to insure. Then fleet insurance is more exclusive and lowering the risk will be offset across the fleet.