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 Posted: Mon Nov 24, 2008 6:02 am Post subject: Van insurance for business |
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Hi, I've been using a van for supplying my business products. I have my car insurance. Do I need to insure the van as well? Bridgestone~moss
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Bridgestone~moss
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| Posted: Mon Nov 24, 2008 6:37 am Post subject: |
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it is not very clear from your question whether you have two vehicles or one !
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ensurepune
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| Posted: Mon Nov 24, 2008 8:25 am Post subject: |
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| Quote: | | Hi, I've been using a van for supplying my business products. I have my car insurance. Do I need to insure the van as well? |
Certainly you have to buy coverage for the van, if its owned by you. You may contact your current agent to check the possibilities of insuring the van under the same policy. However, since you are using the vehicle for commercial purpose, the domestic auto coverage may not cover all the perils that might damage the van.
Moreover, if you use the same vehcile for both domestic and business purpose, make sure that the name of the business appears as the name insured on the policy. Some insurer might not cover the losses occured to the vehicle when its being used for commercial purpose if its not mention in the policy. |
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jeorge
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| Posted: Mon Nov 24, 2008 8:49 am Post subject: |
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| Quote: | it is not very clear from your question whether you have two vehicles or one !
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I have a personal car which is covered under my car insurance. But, I also use a van for my business supplies (which is not covered yet)..now what!
Bridgestone~moss
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Bridgestone~moss
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| Posted: Mon Nov 24, 2008 9:22 am Post subject: |
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Yes my dear...it would be absolutely important for you. Think of how this van helps ans what you'd do without it. I'm sure its a major resource towards the transportation of your goods. Insuring is one way to ensure that your business processes won't be hampered if your van undergoes a damage.
BarbieL
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BarbieL
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| Posted: Mon Nov 24, 2008 9:52 am Post subject: |
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| My friend, whenever you'd be looking for a van insurance, it would be better for you to go through the policy exclusions at once. Look for the clauses concerning the limits, benefits and risks.If you're really careful you'd come to know of all the rights pertaining to that particular policy and also the circumstances under which you'd be able to file a claim. Roddick |
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roddick
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| Posted: Mon Nov 24, 2008 11:03 am Post subject: |
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OP, you are currently breaking the law and setting yourself up to possibly lose your business (accident and uninsured)...you not only need a policy on the van you need a business policy on the van and YESTERDAY! I don't think you reaize the gravity of this situation, you get in an accident that is your fault you are uninsured, the hurt/damaged party comes directly at you for repayment you don't repay then they get an attorney sue you and take your business...don't pull that van out of your driveway until you call your agent and get it insured and correctly
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Lori
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| Posted: Mon Nov 24, 2008 1:05 pm Post subject: |
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Yes, its not only the policy exclusions, rather I'd ask you to go through the entire documentation and follow the conditions in order to avoid any future disagreement. Go through the small print thoroughly and have a detailed knowledge of your policy. Whenever you can't follow a particular clause, you have the right to call up your insurance carrier and clarify. Similarly, you should study the clauses referring to the add-on policy benefits.
Regards, Fatman |
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fatman
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| Posted: Mon Nov 24, 2008 1:33 pm Post subject: |
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Hi..
I believe the financial services authority laws would allow you a 14-days period to go through your policy. So, it is within this 14 days that you'd need to decide whether you're gonna continue with it or not. During this period you mat get a full refund of your premium till your coverage begins. In case the coverage has been activated you'd still get a refund for the excess premium above the premium for the coverage activated.
Purpleheaded08
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Purpleheaded08
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| Posted: Mon Nov 24, 2008 1:49 pm Post subject: |
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Hi, you'd need to check if your policy covers the following-
* transportation
* unforeseen losses
* Roadside damages
There are also some cutting-edge benefits in the form of covers like-
* Legal guidance
* Medical costs
* Replacement locks
* Replacement vans
So, you'd need to compare and make sure that you're getting the right value for your money! Crossbreed
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Crossbreed
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| Posted: Mon Nov 24, 2008 2:05 pm Post subject: |
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| Quote: | | So, you'd need to compare and make sure that you're getting the right value for your money! |
Some of them would even sponsor physical fitness services under any professional therapist following an accident. You may go through the special conditions mentioned in your policy in order to be sure of such offers.
I'd also suggest you go through the claims process in order to know circumstances wherein you may file a claim. Once you come to know the different steps that you'd need to follow in order to pull your claim, you'd be more confident. But remember, that you'd need to keep your carrier fed with all the updates that you'd have under different circumstances through the life of the coverage. Roddick |
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roddick
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| Posted: Tue Nov 25, 2008 12:08 pm Post subject: |
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PEOPLE!!! he has NO insurance AT ALL on this van! there is no policy to review, it is uninsured...he needs to GET a policy...
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Lori
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