Is Pay As You Go Van Insurance Merely A Re-Brand Of Short Term Insurance?
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Ways of making saving on motoring has seen as increasing number of people opting for pay as you go insurance. Whilst this may be the ideal solution for those who only need insurance for a few days a year or even a month, insurance companies have been offering short term insurance for many years.
As with many new names given to so called innovative ideas many have in fact been around for longer than many people imagine. Short term insurance being an excellent example where this type of policy has been available, it has simply been re-branded and launched as a new conception to grab consumer attention.
Not all insurance companies offer this type of policy, whilst those that do usually have specific terms and conditions, as well as restrictions as to what constitutes short term insurance. Whereas pay as you go taken literally means you only pay insurance cover for one day if that is all that is required. So who can benefit from pay as you go insurance?
Companies who wish to transport or collect goods as a one off specific to meet their cusomer demands may decide that insuring a small van is more cost effective than engaging the services of a courier service. However, those who wish to protect their consignments against all eventualities may find that pay as you go does not include recovery costs if valuables are stolen without having additional goods in transit insurance cover.
Businesses who employ van drivers may find pay as you go options a cost effective method of keeping their drivers on the road when their own vehicles are being repaired or serviced. This may be especially true for those who do not have insurance which provides a courtesy vehicle in case of breakdowns or accidents.
If you are tempted by the cost effective options as pay as you go insurance it would be wise to follow the same steps as you would when looking for annual insurance, namely shop around until you find the best deals and prices which meet your van driving needs. The competition in the insurance industry remains fierce as each tries to undercut their competitors in terms of both price and what is included within a policy.
This where you have the upper hand and negotiating power if you have an astute business mind! The first option would probably be to contact your existing insurance company to see whether they offer pay as you go or short term policies to meet your business needs, as you may be offered discounts and low rates as you already spend money with them.
However, you should realise that not all insurance companies offer this type of insurance or may refuse to insure you if you are carrying high risk goods on board. If they are prepared to provide you with a quote it would also be wise to do price comparison checks via the internet or via an insurance broker who specialises in short term van insurance policies.
If you’re looking for a quote on van insurance visit Swinton.
