In
accordance with the laws prevalent in the UK all the motor vehicles, vans
included, have to be insured as a minimum standard that has been set by the
Road Traffic Act of 1988. It states that having insurance for covering the cost
of damage that you may cause to other people owing to an accident is
compulsory. The vans are categorized by Insurance companies in UK as a small
commercial vehicle if it weighs less than 3.5 tons, whereas the ones that are
heavier than this are categorized as trucks.
If you are a van owner, in the wake of the accidents and the stealing of
commercial vehicles reported in UK
it is very important to have your vehicle insured. In fact, if you do not have
a minimum amount of insurance cover you are prohibited to drive. Although the
level of the cover will have to be increased to cover your van not only for
theft but also for any kind of accidental damage that might befall it.
The main kinds of van insurances being offered by almost all the
insurers in UK
are the third party only van insurance,
the third party fire and theft insurance and the comprehensive insurance. They
have been briefly explained as follows for a better understanding of the
respective policies. The first kind of insurance, that is the third party only
insurance, is the kind where only the damage that is meted to the third party
is covered.
Any injury that the driver suffers from is excluded along with the
damage to the van. This type of insurance is a must in UK and without
which you a driver is prohibited to drive on road, whereas the third party fire
and theft van insurance is a protection against all kinds of complaints that
may be made against you in case you have had an accident. It mainly covers fire
and theft aspects, and if your van is set on fire or stolen then with this type
of insurance you are granted the right to make a claim after you have launched
a complaint at the local police station.
When buying a cheap van insurance
policy offered by an insurance company in the UK, it should be remembered that
there is no one insurance policy that will cover your van for each and
everything. Although the comprehensive policy does claim to give 'fully comp'
or 'all risks', this is at times misleading as it gives the false impression
that it covers for all kinds of eventualities, which is not true. In case you
are unfortunate enough to meet with an accident, then the comprehensive
insurance policy that is offered by almost all leading insurance companies
operating in the UK
provides a temporary van that you can use while your van is being repaired. In
fact there will also be several companies that will have insurance policies
which may even allow you to drive a van that belongs to someone else, although
there are several limitations to this.
