| By :
Jackie De Burca
Fleet insurance refers to a type of motor insurance that covers all vehicles owned by a single person or by a business. Commercial fleet insurance usually require a minimum of three vehicles operated in one company. It proves advantageous over individual vehicle insurance especially if the business operates more than 10 vehicles. Company owners and vehicle operators who decide to take advantage of can save on costs and on time and effort on administration. Reduction in the amount of administration means reduced premiums. It can save you time since you would only need to accomplish one application for all your motor vehicles. You only need to remember one renewal date for all your vehicles. This proves a lot easier than trying to remember different renewal dates throughout the year. Cheap commercial fleet insurance can cover different types of vehicles under one policy. It can be a combination of cars, commercial vehicles, motorbikes, taxis and coaches. This combination of vehicles differs between insurance companies. Lorries and trucks can also be covered. Depending on your policy, agricultural vehicles, private vehicle collections and privately owned cars can also be included in fleet insurance policies. There are flexible payment options on offer. Finances can be managed more effectively if the cost of insurance premiums is spread in a way that it can help businesses of all sizes. Aside from offering insurance policies, these companies and brokerages provide full services with many varied options to suit individual customer needs. Fleets with high mileage can opt for flexible driving options. Many companies tailor make each policy according to their customer's needs. All you need to do is just ask any of their dedicated and experienced personnel for advice and for a competitive quote. Depending on the insurance offer, specific qualifying criteria and restrictions are available. Some fleet insurance will provide Third Party Fire and Theft and Comprehensive policies, while others provide Third Party policy only. Additional options include emergency breakdown and accident recovery services. However, if you sign up for a comprehensive policy, it includes these options at no additional cost. Comprehensive policies may also include cover for medical expenses incurred by the owner, driver or passenger; insurance for lost or damaged personal belongings and sometimes, uninsured loss recovery. Some fleet insurance also cover vehicles which drive abroad. Understanding the ins and outs of the advantages of commercial fleet insurance will help you get a good deal for your company.
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