What is the Difference Between Fleet Insurance Types?

There are lots of different insurance products on the market, especially when it comes to vehicles on the road. You can get car fleet insurance, van fleet insurance, lorry fleet insurance etc.

Making sure you are correctly covered for the use of your vehicles will save you a lot of hassle and money if something was to happen to you. It’s unlikely that you are going to need every type of fleet insurance. Here’s a quick guide to the different types of insurance on offer and you can see which is best for you.

Comprehensive cover

This can be abbreviated to ‘fully comp cover’ and is one of the highest levels of insurance you can get to protect your vehicles. Unlike fire and theft, comprehensive cover covers the damage to your own vehicles as well as the other person/s involved in an accident.

Comprehensive cover allows you to claim from your insurance for any damage to your vehicle, even if the accident is deemed your fault, it also applies when fault can be proven such as if someone hit you or drove off in your car.

Without fully comp cover you risk having to pay out a lot of money to pay for repairs on your vehicle, and if it is written off you will have to buy a new one yourself. All you’ll need to pay is a compulsory excess, giving you peace of mind that you are fully covered and protected in the event of an accident.

Third party Only

Third party is the minimum amount of cover that you need to legally drive on the roads. If you get into an accident this insurance will only cover losses the other vehicles involved, but the damage and repairs of your own car will not be covered.

If your vehicle is stolen or damaged in a fire your insurance won’t pay out to replace or fix it either.

Fire and Theft

You are covered if your vehicle is stolen or damaged due to attempted theft, such as broken windows or doors. Your vehicle is also covered if it is damaged in a fire but cover for third party road risks is excluded.

Now you fully understand the different types of fleet insurance possible, you’ll be in a good place to organise fleet insurance quotes that provide exactly what you need.

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