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Each van insurance policy has a different cost, level of cover, and level of flexibility. Customer service for your van insurance may also be an important factor when deciding on van insurance. Before you purchase a policy, however, it is important to understand some of the terms and levels of cover. Private vans or commercial vans may have different cover needs; determining what cover level is right for you starts with understand some insurance terms and level of cover.

Third party cover for van insurance is the cheapest. It usually provides cover for damages to someone else’s property or vehicle in an accident involving your vehicle. It also provides cover for the injury or death of another person in case of an accident. Third party fire and theft in a van insurance policy has the same cover as third party policies, and adds cover for theft or if your van is damaged in a fire. This level of cover is popular with new and young drivers, or people with low value vans.

Fully comprehensive van insurance policies offer cover for any damage in accident, regardless of fault. It also provides cover for damage from non-collision factors like theft, acts of God, and fire. If you choose this type of van insurance, read your policy carefully because it does not cover everything.

The term No Claims Bounds (NCB) on your van insurance policy usually means the number of years you have had a policy in your name without a claim. A large NCB can mean a large discount.

Protected No Claims Bounds on your van insurance is when the policyholder chooses to pay an extra amount in case of a claim without losing NCB status. There are generally a limited number of claims per time frame, for example two claims in three years. Van insurance with Protected No Claims Bounds is offered generally to people with a policy for at least four years with no claims.

Another important term to understand in your van insurance policy is the term ‘exclusion’. Each van insurance policy has a unique set of exclusions you need to keep in mind. This section outlines what your van insurance policy does not cover.

Personal Injury Protection for your van insurance policy outlines how much your policy will pay for medical cover in the event you, your spouse or domestic partner, or a passenger are injured in an accident involving your van, regardless of fault.
Windscreen or Window Breakage on your van insurance policy means you have cover for broken or chipped windows, and in some policies, the sunroof. Some van insurance policies provide cover for any damage caused as a result of broken glass.

Understanding some basic van insurance terms and levels of cover will help you to choose the right policy for your van, whether for commercial or private use. Cost is always a concern, but having the right level of cover to protect yourself in case of an accident is essential.

If you’re looking for a quote on van insurance visit Swinton.

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