Could you inadvertently invalidate your fleet insurance?

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Let’s be honest. One of the best reasons to use Total Insurance to compare quotes online is that it saves time and money.

And for many business people, getting their commercial insurance sorted as quickly and seamlessly as possible means more time to concentrate on making money.

However, no matter how pressed for time you are, there are a few important things you must keep in mind, to avoid accidentally invalidating your insurance.

Making a claim on a fleet insurance policy usually means some sort of incident that could potentially affect your business operations. The last thing you need at times like that, is a long drawn out claims process. Or, worse still, finding that your cover is insufficient or unavailable.

Be truthful with details

Don’t be tempted to be “economical with the truth” to get your fleet insurance quote and policy sorted swiftly.

You need to be sure all the information you provide is 100% accurate and includes all relevant detail. This ensures that you don’t end up underinsured or worse still, technically uninsured.

Keep your insurance provider updated too. Companies that fail to notify a change in their circumstances can live to regret it when it comes to making a claim.

You may be tempted to take out a named driver only policy to save money but then allow anyone to drive the vehicles. This is a bad idea, if you need to allow multiple people drive your vehicles, make sure you take out an any driver fleet insurance policy as a claim could become extremely expensive otherwise.

Keeping vehicles well maintained.

Staying on top of regular servicing of your vehicles is important. And so is taking action as soon as a mechanical problem crops up. Not only could a failure to act mean that problems with your vehicle get worse. You could also be breaking the law with things such as non-functioning lights.

You could also invalidate your fleet insurance if your vehicle is deemed to be “unroadworthy”.

Keep to the plan

When you complete a Fleet insurance policy application you will provide details of what the vehicle is used for.

If you start to vary from that, you could risk invalidating your insurance. This could include, for example, letting staff give friends and family out of hours lifts in a vehicle that is for business use only.

It’s surprising how easy it is to trip up with this. For example, one of the most common examples is when people insure a car for ‘social, domestic and pleasure’ use. When they try to claim for an accident on
the way to work, they discover their cover doesn’t include commuting.

Not reporting an accident

Lastly, even if you decide not to make a claim, it’s usually a requirement of your Fleet insurance to inform the provider of any accident or incident.

To continue saving money on fleet insurance, check out our ‘How to Save Money on Fleet Insurance Guide‘.