Vehicles
Commercial Vehicle Insurance – Modified Vehicles
When the truck mounted water fed-pole systems were new to the market, insurers were not aware of them. Insurance risk is calculated from statistics and with no statistics, it was initially very difficult to convince an insurer to accept the modification of a permanently fitted water tank.
These days, more and more insurers accept the modification of truck mounted water fed pole systems. However, our panel of insurers all have slightly different acceptance criteria. We carefully select the best and most competitive insurer for you.
We do not cover the water fed pole system as part of the van policy. Instead, we recommend insuring your Water Fed Pole System and Poles under a separate Plant and Tools policy.
Here Are The Reasons Why
Vehicles depreciate at a much faster rate than plant (essentially, a water fed pole system is plant). If you insure your water fed pole system as part of your van, you will not receive an adequate claim payment which means you won’t be able to buy a new one without putting a lot of your own money towards it.
Whilst the van policy may extend to cover the water fed pole system (bolted inside the van), they will not cover portable items, so your poles and other associated tools of the trade would be excluded.
Fleet Of Vehicles Insurance
If you have a fleet of four or more vehicles, it is recommended that you cover your vehicles under a fleet policy.
When you are new to fleet, some insurers allow a discount per individual vehicle, no claim bonus. However, fleet no-claims discounts are calculated on the performance of all vehicles and confirmed in a document called “Claims Experience”.
If your “Claims Experience” is good (low claims frequency and costs), you will benefit from additional discounts as time goes by. It is certainly easier from an administration perspective as these policies are more flexible when it comes to changing vehicles and often include open driving.
Motor Add-Ons
We offer Motor Legal Expenses and Vehicle Breakdown as “optional” additional products to your motor policy:
Motor Legal Expenses
Legal Expenses is useful for defending you in the event of a dispute in liability as to who was “at fault”, and to claim any uninsured losses, such as loss of earnings and personal injury.
We highly recommend this low-cost product.
Vehicle Breakdown
Your vehicle is clearly your most valuable business asset, as it gets you to and from work and holds the equipment you need to carry out your profession.
Breakdown cover is another low-cost product we strongly advise you include as part of your package, if you don’t already have cover in place.
