Coverages in a commercial vehicle insurance policy

Purchasing a commercial vehicle insurance policy can be done in minutes, but it is important to choose the right coverage. Coverage that is too limited will cost you money in case of damage. Too much coverage will cost you too much premium.

TPL or TPL limited collision may be the right insurance for your commercial vehicle, but be careful about choosing too limited coverage in commercial vehicle insurance. Damage shows the consequences of too limited coverage. A wrong choice can cost you thousands of euros. Therefore, look at the options to arrive at an appropriate coverage.

What coverage fits my commercial vehicle?

You often read on the Internet that you should insure a company car starting at a certain age with only limited coverage. This well-meaning advice can turn out badly. In fact, it is necessary to look beyond the age of the car to choose the best coverage. You have a choice of the following coverages:

• WA
• WA + limited casco
• All risks

Choosing WA commercial vehicle insurance

It is the cheapest of the three, but also with the most limited coverage. WA commercial vehicle insurance only pays for liability damage caused by the commercial vehicle. This coverage is required by law. Also in the other two coverages, the third-party insurance forms the basis. TPL insurance is often chosen for an aging commercial vehicle. It should be noted, however, that it is often still possible to choose more extensive coverage for a car that is, say, 10 years old. Especially if you have many claim-free years. A 75% discount on the company car insurance can make the difference in premium between the WA and the WA + limited casco small.

Choosing the WA + limited casco

Compared to the WA commercial vehicle insurance, the coverage in this form of insurance is broader. Common causes of damage such as theft, hail damage and windshield breakage are included in this form of insurance. The premium differences with the third-party insurance are often small. The WA + limited hull insurance also pays out in case of theft and collision with stray animals. This coverage is often chosen for company cars older than 3 years and younger than 10 years. But even with this coverage, you can consider choosing the all-risk commercial vehicle insurance if the premium differences are small.

The most comprehensive commercial vehicle insurance - all risks

For a new and young car up to a few years old, all-risk commercial vehicle insurance is usually chosen. This also provides coverage for damage to your company car due to your own fault. A mistake in traffic can happen to anyone, so it is better to be insured against it. The premium is based on the new value of the car. As a result, all-risk commercial vehicle insurance often cannot cover older cars.

Expand coverage with additional policies

When taking out commercial vehicle insurance, you can better tailor coverage to your needs by choosing additional policies. For example, you can choose accident passenger insurance or damage passenger insurance. These insurances pay out an amount in the event of damage to the occupants due to an accident. They also pay out in the event of death. Take a look at your own transport insurance. This insures the items in your car that are not insured on the company car insurance.