Tips For Cheaper Cover
Posted by CourierUK at March 12th, 2013
Money Saving Tips
WHETHER you’re new to courier insurance or seeking to get a competitive renewal quote, we’ll deliver the best deals to you in no time.
We help you to scour the market nationwide to find the best quotes and a policy and price which suits you.
With our wealth of experience in the industry, we are able to source the best policies based on your location, age, claims history and previous driving history. We can deliver excellent quotes to you at any time as our highly-trained staff keep on top of this ever-changing market.
Investing in quality courier insurance pays off
Getting a courier business off the ground can be daunting and exciting. You’ll want to keep costs low in order to turn a profit, but it’s worth making an investment in high quality courier insurance.
Paying for a higher premium at the start may seem expensive, but it can turn out to be a wise investment if you take care with your driving and avoid accidents. That way, you can build up your no claims bonus over time and benefit from discounts each year, while still holding onto to a policy.
Therefore, while you may be tempted to snap up the cheapest policy you can find at the start, shelling out that little bit extra will pay off in the long run.
Your standard car policy won’t deliver the goods
You may think that you can zoom around making deliveries while on a normal car or motorbike insurance policy. However, conducting business while on a standard policy could render it invalid.
You will need to take out specialised policy if you are operating a courier service.
You can, however, still benefit from having a good driving history on a standard car policy when you get quotes for courier insurance.
Act quickly when you need to claim
If you have an accident, it’s important that you report it straightaway so you can get wheels in motion for making a claim.
If you need to use replacement vehicles while another is getting repaired, try and keep this period as short as possible as it will impact on the cost of the claim.
Costly claims can increase the cost of your renewal quote as underwrites will take this into account when quoting you a new premium.
Check what’s included in your policy
You should, of course, make sure that a replacement vehicle is part of your policy. A courier service relies on transport more than anything else, so if you’re off the road, you’re losing money.
Similarly, breakdown cover is essential as it can keep the wheels of your business turning. You can take out breakdown cover for your courier service from £89 a year.
Breakdown cover is invaluable, especially of you’re left high and dry on the way in the middle of a delivery and it will also protect you from high garage fees and help you get onto your destination as quickly as possible.
Be up front and honest
There are number of ways to pay your premium, some providers offer weekly payments, other monthly. Paying monthly works out cheaper and you can set up a direct debit from your bank account to make sure you keep up with the payments.
Failure to pay your monthly premium could invalidate your policy and damage your credit rating.
You should always disclose any previous driving convictions, claims or penalty points when taking out a new policy. If you keep anything hidden, it could invalidate your cover.
TCS – The Courier Specialists