What does all-risk coverage in commercial vehicle insurance mean?

All-risk commercial vehicle insurance is the most comprehensive insurance. This form of insurance is the most obvious choice for new and young commercial vehicle with a high daily value. When buying a new commercial vehicle, you cannot avoid all risk coverage.

The description "all risks" indicates that the commercial vehicle insurance provides broad coverage. Of course, the coverage in this insurance is less broad than the name suggests. In case of driving under the influence or deliberately caused damage, the insurance does not provide coverage. However, compared to the WA + limited casco and the WA commercial vehicle insurance, the coverage is very broad.

What coverage does all-risk commercial vehicle insurance offer?

The standard coverage in all forms of insurance is third-party liability insurance. If damage is caused by the insured motor vehicle, the insurer will compensate the other party. The WA + limited casco pays out in addition to the damage caused by liability also in the event of damage due to, for example, fire, theft and window breakage. The all-risk commercial vehicle insurance also offers this coverage. The added value is insurance against damage to your car itself. This can be caused by a collision, but the insurer also offers coverage against damage due to vandalism.

When to choose all-risk commercial vehicle insurance?

This form of insurance is especially recommended if your commercial vehicle still has a high daily value or is even new. You should not think about the consequences of an accident with more limited coverage. Suppose you insure your new car under third-party liability. In an accident, your company car gets severely damaged. You are responsible for the damage, so you cannot hold the other party liable for your loss. The repair costs are €5,000. You are responsible for this damage because of your choice for liability insurance. It can be even worse. The repair costs can also exceed the value of the car. The result is that the new car is worth almost nothing. You avoid this by choosing the all risk coverage.

Who pays out in the event of a claim?

Whoever causes the damage pays for the damage. With all risk car insurance, you don't have to worry about this. Your insurer ensures that your company car is repaired. Possibly the damage will be recovered from the other party, but you don't have to wait for that. You can repair your vehicle right away.

Saving by comparing

Choosing a more limited form of insurance is what you do to save on premiums. It can be done smarter. You can also save without compromising the quality of the insurance. The premium differences between insurers are so big that the cheapest insurer may offer you an all-risks car insurance at a lower premium than the WA + limited hull insurance at another insurer.

Other coverage:

• WA
• WA + limited casco
• All risks