When one shops around for vehicle and van insurance, one often makes the mistake of just inquiring about how much it will be to buy van insurance, when in fact, the actual contents being transported by the van need to be taken into consideration. The premium needs to adjusted accordingly, as well as the actual van itself. If the van is doing long haul deliveries across borders, then one needs to take into account the fact that the van is not always going be behind a locked gate at night, or in a secure area at the actual business premises.
When looking to buy van insurance, there are many factors that will need to be taken into account, such as the goods being transported, the age of the van, the age and experience of the driver, the drivers driving record and the basic factors as well. However, in the case of a van being part of a fleet of vehicles that make deliveries, there is the chance that one or more of the vehicles could be involved in a motor vehicle accident, be hijacked or stolen. If the vehicle is stolen, and the goods being transported are still in transit, this brings more problems to the fore.
High risk situations such as the possibility that the driver of the van or of another vehicle is seriously injured, could mean that basic van insurance will definitely not be adequate enough to cover injury to people, as medical bills can run up very quickly and before you know it, the medical bills are the same price as a block of flats.
For this reason, when you buy van insurance you need to ensure that you have adequate catastrophic cover; this particular cover will ensure that all the medical costs are properly taken care of, and the business won't have to close its doors, because they are running into bankruptcy by having to pay for the medical costs due to a motor vehicle accident.
If fleet owners install extra security measures such as satellite vehicle tracking devices, alarm systems, and other security and safety devices, insurance companies could be willing to offer a lower premium, as these devices, effectively reduce the risk involved. Find out from your insurance broker, what kind of measures could save you money on your insurance premium.
Another huge consideration to take into account, is if a vehicle or van transporting goods, is crossing border lines, is the van or fleet still covered by the insurance company the minute is crosses over into another country? The premiums may be slightly higher, but it will be cheaper to check this information before hand, than to try and sort out a serious mess, should an accident take place in another country and the insurance does not want to pay out.
It would be a wise idea to make sure that all these points are queried, when you shop around, as information and requirements differ from broker to broker, and not everything is a standard clause in an insurance contract and that is how people get caught out and left accountable for millions they have to pay out of their own pockets.