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How does HGV insurance work and protect me?

Date Added: November 18, 2011 09:52:10 AM
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Category: Insurance directory

How does HGV insurance work and protect me?

Most businesses which rely on heavy goods vehicles (HGV) to transport their own products or customers products will need to take precautions which will minimise losses to the business and their profits. HGV vehicles are expensive and the goods they carry can be very expensive as well. In order to protect the vehicle and the goods, insurance is necessary and without insurance the risk involved will be too high in the age of claims and liability to people.

Any vehicle travelling on the public highway will require insurance in order to stay legal and be safe. There are too many risks for the driver, the vehicle owner and pedestrians on the busy road as well as highways. HGV vehicles travel a long distance in all types of weather and road conditions. Some travel abroad and on the continent.

Again insurance is necessary for your HGV.

Vehicle insurance will protect the vehicle and driver in cases of claims and damage. Other optional insurance which can be taken is:

•    Breakdown insurance
•    Legal expenses insurance
•    Vehicle replacement insurance

The HGV owner or the group company should speak and consult their insurance broker who will be able to obtain several competitive quotes fitting your business needs. Not all insurance policies will be the same and the additional options will have to be carefully taken into account.

Once the policy documents arrive they will need careful study in order to ensure that the terms and questions are acceptable. If not, phone your broker immediately to update and send you a revised policy.

Adjust the excess to see if the premiums result in any additional savings.

Read the HGV insurance term and conditions carefully and store the documents in an easy to find place.
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