---
-------------------------------------------------
Some Advice To Keep Your Fleet Insurance Costs Down
by Timothy Simons Grimshaw
As Fleet Insurance premiums continue to rise, fleet managers, charged with arranging the insurance for their trucks and cars, have been talking to Fleet Insurance brokers about ways in which they can keep fleet insurance premium rises to a minimum.
Reducing your chances of claiming a "fault" claim by managing the risk your fleet poses to underwriters could mean the cheapest deals according to one broker.
If your vehicles are damaged by uninsured drivers, weather, vandalism or road debris, you will be forced to make a "fault" claim, which will increase your premium when you come to renew your policy the next year. If the offending party is not an insured and identifiable third party, then a claim will count against you on your renewal.
What can you do to avoid such expense? "Many of the "fault" claims made under fleet insurance policies are unavoidable" says Timothy Darling, a well respected Fleet Insurance broker based in Essex "but other can easily be avoided with a little common sense.".
"You wouldn't necessarily want to walk under a ladder when the chap at the top was holding a large pot of paint" said Timothy "and the same kind of approach will pay off when you try to reduce your fleet insurance costs. Take one of our most often reported claims for example. In the fleet insurance world we call it "hit whilst parked" and, not surprisingly, it involves vehicles left unattended by fleet drivers and found damaged on their return. Obviously this type of damage can happen anywhere, but it is more likely to happen if the vehicle is parked without any consideration being given to the possibility of an insurance claim.
"It may be legal to park close to the corner of a main road but, if a large vehicle needs to turn into that nearby factory, could it do so without hitting your truck? Even in a designated truck and lorry park there are some places that are a better bet if you want to avoid damage to your vehicle and the subsequent hike in your fleet insurance premiums. My advice is to try not to park too close to other vehicles which reduces the risk of damage by opening doors, and to choose a well lit spot where other drivers can see your car which will also have the effect of deterring vandals.
"I know it may sound a little ridiculous but you need to take the same sort of care in parking your car as you would when placing a valued ornament around your home and if you do, you will minimise the risk of damage and help to keep your fleet insurance costs low".
Reducing your chances of claiming a "fault" claim by managing the risk your fleet poses to underwriters could mean the cheapest deals according to one broker.
If your vehicles are damaged by uninsured drivers, weather, vandalism or road debris, you will be forced to make a "fault" claim, which will increase your premium when you come to renew your policy the next year. If the offending party is not an insured and identifiable third party, then a claim will count against you on your renewal.
What can you do to avoid such expense? "Many of the "fault" claims made under fleet insurance policies are unavoidable" says Timothy Darling, a well respected Fleet Insurance broker based in Essex "but other can easily be avoided with a little common sense.".
"You wouldn't necessarily want to walk under a ladder when the chap at the top was holding a large pot of paint" said Timothy "and the same kind of approach will pay off when you try to reduce your fleet insurance costs. Take one of our most often reported claims for example. In the fleet insurance world we call it "hit whilst parked" and, not surprisingly, it involves vehicles left unattended by fleet drivers and found damaged on their return. Obviously this type of damage can happen anywhere, but it is more likely to happen if the vehicle is parked without any consideration being given to the possibility of an insurance claim.
"It may be legal to park close to the corner of a main road but, if a large vehicle needs to turn into that nearby factory, could it do so without hitting your truck? Even in a designated truck and lorry park there are some places that are a better bet if you want to avoid damage to your vehicle and the subsequent hike in your fleet insurance premiums. My advice is to try not to park too close to other vehicles which reduces the risk of damage by opening doors, and to choose a well lit spot where other drivers can see your car which will also have the effect of deterring vandals.
"I know it may sound a little ridiculous but you need to take the same sort of care in parking your car as you would when placing a valued ornament around your home and if you do, you will minimise the risk of damage and help to keep your fleet insurance costs low".
About the Author:
e is parked without any consideration being given to the possibility of an insurance claim. If the offending party is not an insured and identifiable third party, then a claim will count against you on your renewal. What can you do to avoid such expense? fleet insurance . Check here for free reprint license: Some Advice To Keep Your Fleet Insurance Costs Down.
--
More Insurance Related Resources
No comments:
Post a Comment