What is covered under Motor Fleet Insurance?

If you think you may need motor fleet insurance coverage, or you already know you do, getting accurate knowledge on what the policies will cover and other important details is vital. You will need to know, also, what is not included in your motor fleet insurance policy. It is required by law to insure your vehicles, and if you are a business owner with multiple vehicles, juggling different insurance plans can be quite a hassle. There is an easier way to insure your vehicles, however, and that is motor fleet insurance.

Each insurance company has different minimums and different maximums when it comes to how many vehicles can make up a fleet. In most cases, the minimum number of vehicles that can be considered a fleet is two. Specialists tend to be the only providers that cover this number of vehicles, however. In many cases, the maximum number of vehicles accepted into a fleet is in the thousands.

What Is Covered Under Motor Fleet Insurance?

There are many benefits to fleet insurance, including having only one renewal date. This can help you save on admin costs. And it can also come with discounts from bulk buying insurance from a single motor fleet insurance provider. Also, being able to insure all of your drivers on every vehicle is an option. Having all of your drivers be able to access and drive all of your vehicles can save you time and money as they do not have to wait for a specific vehicle to be available to work.

There are multiple types of coverage available for motor fleet policies. The legal minimum amount of coverage for your state is referred to as Third Party coverage. Comprehensive insurance coverage is also available, which covers any damage to your vehicles. Your policy can include damage to your vehicles due to fire, burglary, natural perils, theft, and other unexpected causes, in addition to crashes. Due to there being multiple types of insurance for fleets, make sure to read over your policy and make sure you are aware of what it covers. You may need to add additional types of insurance on to get everything you want covered. Some companies have medical payments coverage on each policy, for example, and others offer it as an add-on.

Motor Fleet Insurance Cover

Motor Fleet Coverage is essential for most businesses. While there are some negatives, including the premiums for each vehicle going up if one driver has a higher likelihood of being in an accident, but in many cases, even with this type of driver on your policy, you will save money and time. It may be worth it to put a driver like this on their own separate policy. Make sure you update your policy often and keep in mind that every few years, you should shop around for better motor fleet insurance prices. There are benefits to staying with the same company, but in many cases, another company will offer you a better rate overall.

Finding the cheapest motor fleet insurance coverage for your needs starts with shopping around. At Motor Insurance, you can find the best prices for motor fleet insurance available. Compare prices and find the best policy for you here. Remember that the cheapest insurance policy is not always the best, so take customer service and reputation into consideration when choosing a plan as well.