Van insurance is the general term referring to all types of insurance covers. Van insurance entails so much detail and has many different types of covers. Covers could be broken down into three general types.
The first and most common are fire and theft insurance. Just as the name suggests, this policy covers your van against risk exposures related to fire damage, theft, accidents, vandalism etc.
However, in case of a road accident, you are only liable for compensation if the other car involved is also insured. Third party commercial insurance is the other type of policy. In most states, for a vehicle to operate commercially, the law stipulates that it must undertake this cover.
This policy covers passengers against any injuries or liabilities that may arise when they are on board of the vehicle. In addition, if your vehicle causes any damage to someone else’s property, then they are liable for compensation. Fully comprehensive policy provides coverage from any kind of perils. It incorporates all features of third party, theft, and fire policies. This is the most expensive policy compared to others. Albeit policies are same across insurance companies, quotes are not. Always undertake van thorough van insurance comparison in order to identify the most cost effective option.
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