Anybody in the business of plying trucks weighing more than 7.5 tons Gross Vehicle Weight on public roads and highways is required to have a HGV Insurance policy. Some typical examples would be a Skip Lorry, Tipper Lorry, and Articulated Lorry.
What is HGV cover?
This cover consists of providing protection against theft or damage to the contents of the container while being loaded, or during the process of unloading. The cover may extend to also include the protection of the load during transit, any liability arising out of public activity and recovery of losses that have occurred. Geographically, the cover can be taken to include driving within specific countries in Europe or the whole of Europe and outside Europe as well.
HGV insurance is offered by a number of reputed companies in the insurance business. An individual can get this type of insurance for his own vehicle or for a fleet of them. The cost and other conditions of the cover are directly proportional to the vehicle load and weight. It also depends upon individual needs and budget that can be set aside for this expense.
Are there any other covers available as options?
Like with most insurance covers, there are a number of extra offerings which can be taken along with the basic HGV insurance cover, such as:
* Cover against legal costs, This will take care of any legal expenses that you may incur. * Cover against any breakdown, This will ensure that an individual is able to get protection against the different intensities of breakdowns and can be either basic or comprehensive. This is an often,sought,after cover. * Cover against damage to glass, Another popular option that provides protection against any windscreen damage.
Before committing to any HGV insurance policy, it is advisable to check the various terms and fine print that may differ from policy to policy. It is also recommended to be well aware of the different types of cover prior to signing on the dotted line. The insurance company will make a thorough inspection of the vehicle before handing over the insurance cover.
Administration of claims
Insurance companies can be now contacted through either a hotline number or online for lodging claims, and the individual only needs to send physical copies of any police report and other relevant documents requested for by the insurance company through mail for the claim to be processed. Are there any freebies thrown in?
Well, this differs from company to company and while there is no guarantee that a person will get any free facilities or features with their HGV cover, the chances improve when the cover in question is a comprehensive one. Under such a comprehensive policy, the insurance company is able to offer free features in the form of breakdown cover, glass cover and also legal cover.
How can an individual get the best deal?
There are a number of ways. People can shop around and compare policy costs offered by different insurers. They can also use the internet to ask for quotes online. Many companies do offer very good deals online and these can be compared with other offers online to get the best one.
It is also worthwhile to remember that if no claim is made on the policy in the year, the no claims bonus offered by the insurance company can also drive down costs significantly.
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