Fleet Insurance: Make Sure You Get The Right Cover!

Insurance premiums can be very expensive when a company opts to insure all the vehicles they have individually. In order to save money, it is prudent for the management to buy a fleet insurance policy for all the vehicles that they operate and save a lot of money on premiums. The paperwork is also reduced which translates to saving of time that could have been lost going through the papers in the insurance process.

Insurance cover for a number of vehicles that an individual or a company may own can be very expensive when every vehicle is insured on its own. This is where the fleet insurance cover becomes essential because it reduces the cost of the premiums, as the fleet owner will only have to pay a single premium for all the vehicles in operation. Another good thing about this kind of insurance is that individual vehicles can have different level of coverage even though the premium is one. The insurance company on the other hand has an easy time in handling claims with effectiveness and efficiency.

fleet insurance policy

The Things to Consider

Before you embark on purchasing a fleet insurance cover, you will have to determine the number of vehicles you want to insure. You will need to check if the make and models of your cars are covered in the policy that you are planning to buy. Most automotive insurers will consider a fleet to be made up of at least for vehicles, while a few of them will cover 2 vehicles under the fleet insurance policy. There are major insurers who will only insure companies that have large numbers of vehicles.

Restrictions from Some Companies

There are various restrictions when you want to insure a fleet of vehicles under one policy. An example of such restrictions is where some companies will only allow a company to buy the fleet insurance policy if the vehicles to be insured are all of the same type and meet the insurer’s specifications.

How to Get the Right Fleet Insurance Cover

There are many options in the insurance market that you can choose, but you will never know about them until you do a thorough research and get to know what is best for your fleet of vehicles. Contacting insurance companies is one way to learn about the fleet insurance cover and the benefits it comes with. One can also approach businesspeople or companies that have insured there vehicle under one insurance cover. Get enough information of the amount required for the premiums and definitely, you will find out that a fleet insurance cover will be a money saving option.

Insurance companies will always want to ensure that they minimise any chances of accidents, thefts or damages that will make them pay for repairs or replacements. For that reason, they will specify the type of drivers who will be handling your fleet. Drivers in that case should have all the required documentation, registration certificates and enough experience to be entrusted to handle the vehicles. Companies that specialise in fleet insurance are the best to deal with because they will assist you with the best advice on the policy to buy for your fleet.