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Take Care Of Your Fleet, Get It Insured

Jan 5, 2008
There are a number of vehicle insurances to choose from. However, all these insurances depend on the type of the vehicle and the ownership of vehicle. It has never been easy to choose an insurance package for a single car, now imagine a situation where you will have to get fleet insurance for your whole fleet of vehicles.

Often companies find it difficult to manage the cost of the numerous vehicles that they have in their fleet and in case of accidents it becomes even more tiring to manage the procedure. For this reason they get fleet insurance to ensure that the process is managed without hassle. There are number of ways that can be used to get the insurance, one of this is the insurance bonds. However, in this case the risks are much higher, mostly due to the open ended nature of the claims. Handling such claims is no longer the administrative or logistic problem rather the fleet insurance is responsible for handling such cases.

The biggest advantage of fleet insurance is that you no longer need to get separate insurance for each vehicle. All you need to do is ensure that each vehicle is properly covered, gets its policy renewed on time and continue with the policy.

The main purpose of fleet insurance is to give a worry free life to the vehicle and business owner. Although the fleet insurance vary from company to company but all of these have the same basic policies. The premium for the fleet insurance depends on the number of the vehicles and the types of the vehicles. Also, certain other factors such as the age of the vehicle and its conditions are also taken into consideration.

Claims history is also relevant but high risk drivers who otherwise would not or could not be insured may become covered by use of a fleet insurance policy. Individual insurers will have different ways of calculating premiums and assessing the risk that is presented but these processes tend to follow a common path based on the fleet factors we've already mentioned.

Limited liability insurance that is included in fleet insurance policies takes into consideration the fact that you must also insure the vehicles and the acts of the driver and the riders during the normal course of business.

If your fleet of vehicles includes Lorries and caravans then the fleet insurance policy will cover its goods as well. It would be wise to get the goods insured as well, especially when you are in the business of transporting items from one place to another. This is especially helpful in case of theft and loss of items during transportation. Such considerations will give you a good idea of what type of insurance you should get for your fleet besides getting your vehicles, driver and riders insured.

Having a fleet at your business disposal has its own pros and con. It is always a wise decision to get your precious items insured and in case of fleet insurance, the value of such decision increases ten times. It helps in taking care of any burden or liability that might occur during the course of time. It is much convenient for a businessman to get a fleet insurance then getting his vehicles insured individually.
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