Like any motor vehicle that can cause damage and accidents, trucks can be covered by insurance underwriting. HGV insurance generally concerns vehicles that exceed the weight of 3.5 T and require a specific permit to be driven.
Definition and description of hgv insurance
Becoming the owner of a truck or truck is synonymous with a good investment. The maintenance of these machines is as expensive as the income obtained in operation is high.
To better protect these vehicles, new or used, many insurance companies offer HGV insurance. This contract usually contains a very detailed description of the truck concerned, with a precise list of related structures, such as trailers. The age of the vehicle or the mileage recorded on the dashboard are also mentioned at the time of the actual technical inspection of the vehicle. The model, type and all the technical information that can prove that the truck is in good condition are noted for having HGV insurance.
The owner also provides a document justifying the use intended for the heavy truck, its usual journey and all the information concerning the activities that directly or indirectly affect its use. The amount of the HGV insurance will be based on all this data, together with the driver information sheet. Since age and experience play a very important role in the risk of road accidents, the insurance company is usually very picky about this information. The more experienced the driver, the lower the amount of insurance.
Novice or recently licensed drivers are handicapped by a higher risk of hanging on long journeys.
Permanent and Temporary HGV Insurance
HGV insurance can take different forms depending on the use that is given to the vehicle. Trucks used as a means of transporting goods must have permanent insurance.
Heavy goods vehicles traveling on long journeys or carrying risky goods are the most concerned. In this case, the experience and the age of the driver are very important for the insurance company.
Safety standards must be respected. These criteria concern here the laws of transport, with the hours of rest granted according to the number of driving hours carried out for example. The overload and the strict follow-up of the safety instructions are incessantly mentioned in the insurance contract. It is obvious that any non-compliance followed by accident will result in litigation with insurers.
HGV insurance on a provisional basis is used for heavy goods vehicles in transit over a given territory. The majority of new foreign owners of trucks to leave a territory must take temporary HGV insurance in order to comply with customs formalities. This measure gives the advantage of protecting the property in the event of accidents that may occur during the journey, even for a short distance.
People renting a truck for a move can also subscribe to this type of car insurance, taking care to mention the duration required in the contract.
The transport of goods and the legislation of the majority of countries require the signature of a HGV Insurance for the vehicle to be fully in order. Owners wishing to operate their vehicles safely should subscribe to this type of certification to avoid losing partially or completely the property in a traffic accident.
To find your HGV insurance, you can turn to online for Cheap HGV Insurance comparison that will allow you to compare offers and rates before making your choice.
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