A daily van insurance policy gives you protection against damages to or by the van that you are driving, even when you are using the van for a short period of time. When you are moving house you may borrow a van from a friend to transport your belongings from your old house to your new home. Your friend or colleague provides lends you a van to transport your stuff. You meet with an accident on the way in which the borrowed van suffers minor scratches. What do you do? Your logistics or friend may sue you for damages in this case and ask for a large sum as compensation for the damages and time off the road for repair. When you don’t have a proper insurance cover to support you, you will face a lot of stress in the name of financial loss, mental turmoil, loss of reputation and more. This is where, it is important to take a van insurance policy, even if you are going to use the vehicle for a short period of time.
Important point to remember
One day van insurance policies expire exactly at midnight or the exact second when the 24-hour period is reached. For example, when you take this policy at 10 AM on a Monday, it expires exactly at 10 AM the next day (Tuesday). You will not be covered for any accidents that even happen at 10.05AM on Tuesday. Such is the strictness with which these policies are operated by service providers. Therefore, insurance experts always recommend that it is better to take policies that for at least an additional 24-hour period so that you can use the van without any tensions or hassles. Always make sure your are able to drive the van by checking the UK government web site here.
Factors to consider before taking this policy
One of the first questions that you need to ask yourself is if you are in real need of a one-day van insurance policy. If you are planning to use a van for a week, always go for a weekly policy than seven one-day policies, as the former works out to be cheaper than the latter. Also, check with your service provider regarding the premiums for one-day policies. Do not miss to check the internet to know if your service provider is charging you the market rate or not. There are many sites that compare one-day insurance rates of various service providers and give you the results within a matter of minutes. So, make use of technology to make wise decisions.
2. Inclusions & Exclusions
Another important question that you should ask your broker is the type of covers that is available ( it should be comprehensive ) and are there any exclusion clauses to cover provided. Do you want to cover only when your van is involved in an accident or do you want to cover when it is stolen as well? Do you want coverage for the goods that you are carrying in your van as well? These are the questions that you must consider.