In the UK it is illegal to drive a van without insurance. Insurance companies generally define a van as a vehicle designed to carry goods and less than four passengers, weighing less than 3.5 tonnes.
According to a recent police survey over 47,000 light goods vehicles are stolen each year from British businesses each year. It is estimated that this equates to £152 million in lost assets without including any additional costs such as increased premiums, loss of earnings and alternative transport expenses.
In many ways van insurance is similar to car insurance. You can choose from Third Party, Third Party, Fire and Theft or Fully Comprehensive Cover. The factors used to assess premiums are also similar (age and sex of drivers, size of vehicle, location, driving history etc). One difference between Van and Car Insurance is that different levels of cover are provided for domestic, sole trader or business usage. For larger businesses fleet cover can also be arranged.
Equipment theft is a major issue for van users. It's best to remove such equipment when the van is unoccupied. However check whether your policy covers equipment theft, as it is not always practical to remove every time you leave the vehicle.
By obtaining cover from a specialist insurer you can have peace of mind that you are covered should anything happen to the vehicle you depend on.
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