The rising cost of van insurance
5. Place your van insurance with a broker or insurer you already use Often insurers will offer a discount if more than one insurance policy is placed with them. If you don’t ask you don’t get! 6. Be as accurate as you can about van mileage Statistically the further you drive, the higher your insurance premium will be, as the more you use your van, the greater the likelihood of making a claim. This doesn’t mean that you should underestimate your mileage in order to get a cheaper price. But you could be unknowingly overestimating it and paying more than you should. 7. Be realistic about the value of your vehicle You may be tempted to think that if you suggest your van is worth more than it is, then insurers will pay you that amount in the event of a total loss. This is not the case! Insurers will research the replacement value at the time of your claim, so if you inflate the value of your van you may well be also paying a higher premium, without any guarantee of a higher payment if you write it off.
8. More than one van or company vehicle? If you have more than one vehicle in your company name, you may be eligible for a fleet policy, providing more flexibility and maybe even a saving. Speak to your broker
for more information. 9. Always be honest!
It is human nature to be tempted to tell the occasional fib to try and reduce the premium – but it’s not a good idea and could be illegal. Your claim could be refused if you haven’t been honest on your policy, and could even lead to your policy being cancelled. Scrutton Bland can offer insurance cover for all commercial and personal vehicles. With almost 100 years’ experience in helping clients find the right cover and managing claims, our team of specialists is on hand to help. Contact Ryan Whybrow on 01206 838400 or email ryan.whybrow@scruttonbland.co.uk
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