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Insurance Products
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COMMERCIAL VEHICLE INSURANCE
The cost of insuring vans and trucks has increased significantly in
the last two years due to the escalating cost of claims. The motor
insurance market in the UK lost a collective £1.6bn in 1998 and with
Law Commission reforms and the recovery of NHS charges, premiums will
need to rise still further.
The market for motor insurance has become much smaller in the last five
years with the number of Lloyd's syndicates halving and the big composite
insurers merging. This has enabled premiums to rise faster than might
otherwise have been the case. Whilst this is bad news now, it does mean
that the losses should turn into profits for this current year, with the
expectation that premiums will rise only moderately in 2001 and may even
start to fall again!
Does shopping around for your motor insurance pay off? Most certainly!
With rating increases imposed by various insurers at different times of the year
it is always possible to switch to another insurer and save money. However, your
new insurer may leapfrog your old one in the course of the year and you may end
up having to change again. Saving £50 a year for ten years may seem like a good
deal but loyalty to one insurer over that period will certainly count in the event
of a claim. And don't forget to cost in your time for seeking alternatives and for
all the form filling.
We are insurance specialists - we don't do anything else, so you can be sure
that you will get proper advice and help when you need it.
Unlike many motor insurance providers who only train their staff to sell or
service policies, our operators are trained to deal with all aspects of your
goods vehicle insurance, from start to finish. Our claims handling teams will
work in conjunction with your commercial vehicle insurer to provide a first
class service.
Don't forget the cost of windscreen breakage - our glass policy offers cover
for non-comprehensive policyholders to repair or replace broken or cracked glass.
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