Types of Van Insurance
Insuring your vehicles especially commercial, business and transit vans is imperative since it is a vital part of your business. Proper van insurance policies ensure that your van is protected against theft and other accidents caused by third parties. In general, van insurance is provided to transit vans, courier vans and escort vans.
Types of Commercial Van Insurance Generally, van insurance is calculated on the size, model and value of your vehicle and the range of coverage you would like for your van. Commercial van insurance is basically divided into three types depending on the coverage for different kinds of damages and losses.
Fully Comprehensive Van Insurance: Though expensive, this policy is comprehensive and provides coverage for all types of risks including accidents, collisions, damages, thefts, fire and vandalism. The coverage is also extended to third party vehicles, burglaries and incidents of accidental damages where the third party can be a single person or a company. It also covers physical and bodily injuries to yourself and third parties.
Third party fire and theft van insurance: The coverage of this policy extends to losses caused by vandalism, accidents, fire, theft, explosions and other damages caused by third parties to your vehicle. However, the coverage criterion to your van is limited in this policy. The estimate absolutely depends on the cause of the damage. For instance, you cannot claim insurance if your van runs into a vehicle whose driver is not insured.
Third Party Commercial Van Insurance: This isone of the cheapest and simpler van insurances where the coverage is limited to damages caused by your van on third parties.
