Why Would A Van Need Commercial Insurance?
Have you have recently purchased a van, or are considering purchasing a van? If you own a business in the UK, you may need to upgrade your automobile insurance to commercial van insurance. There are questions regarding the use of your van that you can ask yourself to determine if you need commercial or personal vehicle insurance. Be prepared, as your automobile insurance company may ask you the same questions.
First off, will you be using you can for business services or strictly for pleasure? If you will be using your van as the main family vehicle only, you may not need commercial coverage. On the other hand, if you will be hauling merchandise, transporting employees, or making deliveries, you may need commercial van coverage. Do not be deceived into thinking you can get away with using the van for your business and not having commercial van coverage either. If you are in an accident and the insurance company can prove you mislead them, they may not pay any portion of the claims.
Will your new or current van be custom made especially for your type of business? If so, you undoubtedly need commercial van coverage. A custom delivery van or special purpose van may need additional coverage that personal insurance would not even cover. If you have a $20,000 custom business upgrade on your van and are in an automobile accident, you want to make sure your insurance will cover your additional losses. With commercial van insurance it will be easier to prove, and reasonably understood, that your van had these expensive custom upgrades.
If you have a business as well as a van, you may need to sign up with a commercial insurance policy to make sure all of your business assets are covered, including your precious van. Being under insured with private use, or not commercially insured when you are using your van for business purposes, and in an accident could mean the difference between your business recovering or your business being forced to close down. If you are unsure what type of coverage you need, or what amount of coverage is best for your van, speak with your insurance agent for guidance, information, and rates.
