Fleet insurance covers the vehicles that are owned by a business or company. This type of insurance generally covers the damages and theft of a vehicle as well as personal injury to the driver or passengers. This insurance also applies to rental cars as well that are used for company business.
Getting the best type of fleet insurance for you business at the best rates means doing a bit of assessment and research to find the right type of policy that suits your company. Here are a few items that you need to start with before searching for fleet insurance quotes.
Number & Type of Vehicles: Do you have 100 trucks or a single motor scooter to do the delivery work? What you have and how many you have will be the biggest expense of your fleet insurance package. Be sure to have every vehicle covered and listed on the policy.
Extent of Use: Are your vehicles on the road all the time or just occasionally? Perhaps they are only used for particular times of the year? If so, you need to take this information into account when searching for the right type of insurance policy.
You can find further types of requirements when you visit websites such as www.insurefleet.com. They have the specific information you need to cover what you have.
Type of Coverage
There are different types of coverage for fleet insurance that need to be taken into account as well. There are actually many factors that businesses may not be aware of when obtaining this type of insurance.
Passengers: Unless the vehicles are supposed to carry passengers, they are usually not covered in case of accident or personal injury. This means if an employee is taking along a family member or friend, they are probably not covered. Be sure to check for this aspect of fleet insurance policies.
Roadside Assistance: If the vehicle breaks down, having roadside assistance can be a very handy thing. This type of coverage will cover towing and any mechanical help to the driver in case they or what they are delivering needs to get to its destination.
Insurance Rates
The rates for the different types of policies and coverage will depend on many factors, some of which can save you a great deal of money. However, there is one very prominent circumstance that might save you a considerable amount of money.
Ownership: If your vehicles are fully owned, which is to say free and clear without any liens, you may opt for the minimum requirements as dictated by law such as liability and uninsured motorist. While this means you might be stuck with the repair bills in case of accident or breakdown, you will save a considerable amount of money each month.
However, the driver and any approved passengers will have to be covered under a separate policy if you chose only to meet the minimum requirements as dictated by the law.
For more information about fleet insurance, you should visit website such as www.insurefleet.com. They provide valuable information about different policies and rates that can help you make the best informed decision.