Van insurance. BPM and VAT insurance
When taking out van insurance, the insurer assumes the new value of the car, but which one? How do you deal with VAT and BPM? Accessories also deserve special attention.
With All-Risk van insurance, the list value is an important premium determining factor. That seems clear and straightforward, but there are several values for which the van can be insured. If you choose the wrong value, you will pay too much premium or in case of damage you will not be paid the full amount because the insured amount is too low.
BPM and VAT insurance van
When buying a van, VAT and BPM are part of the catalog value. With a van purchased on a business basis, the VAT and BPM paid can be offset again. At least if there is a VAT and BPM exemption. When you buy the vehicle, you do owe the taxes, but you can process them again in the financial records. For van insurance, the elimination of these levies lowers the amount to be insured. The amount of BPM and VAT does not have to be paid out by the insurer in the event of a total loss.
Note the value of accessories in van insurance
When buying a van insurance policy, it is important to pay attention to the value of accessories. You must distinguish between parts of the car that come standard with the car, and those that do not come standard with it. If a navigation system is fitted as standard, it does not fall under the heading of accessories for insurance purposes. But it does if a navigation system was installed later. This is because in that case it is not part of the official list value.
When putting the van into service, the vehicle is often specially tailored to the way you want to use the vehicle. Here you can think of the interior of the cargo space or plastering the car with advertising. This must be specially co-insured as accessories. Otherwise, it is not co-insured.
Choose the right coverage
You can choose from three different forms of insurance, namely:
For WA van insurance, the value of the car is not important. This insurance only compensates the damage caused by the van to others. With the other two forms, the value of the vehicle does play a role. In the WA + full collision insurance, the insurer also pays for the damage to your own car in case of an accident. The intermediate form is the WA + limited collision insurance. This does not pay out for damage to your own car after an accident, but it does, for example, pay out for collisions with stray animals, broken windows and theft of the van.
So look carefully at what are accessories and what come standard with the vehicle. The right amount insured in van insurance can make a big difference in the event of a claim.
Never underinsured
Put together your own package
A wide range
We compare all insurers for you, saves time again
Help from our experts
Can't figure it out? Our experts are always ready to help you
We can be reached via chat, WhatsApp, phone or email
Questions? Contact us if you want to know more.
We are here Monday to Friday from 08:00 to 18:00.