Yes NU does cover fleets.
Generally there are small fleet policies that are rated a little like individual vehicles with NCDs etc. Then as the above poster said above maybe 5 or 10 vehs you get fleet rated policies where the rate is based on the loss experience.
Fleet policies tend to offer different and wider cover than those written for individual policy holders eg free full European use, full cover for any vehicle loaned/hired/used by the policy holder etc. Check on a small fleet policy what cover you get.
Do shop around - eg some brokers negotiate different terms so even though it might be NU as the insurer it may offer quite different rates depending on the relationship with the broker (esp if they are punting £millions of business NU's way)
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Many larger fleets will be insured for relatively large sums, with smaller sums insured (perhaps less than £5,000) retained as a voluntary excess. This keeps the insurance costs down although can increase the admin costs in house.
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prob because I couldnt see the service on the website
it breaks down to this
toyota corolla - 2k/annum
van - 850
previa - 850
saloon - 750
totals around 4k/annum
block policy - 3k
there is plenty of ncb on the last three policies but none on the first one hence the high price.
the major factor is that we have one 18 and 1 21 year old who needs to drive all of the cars which is probbly why its cheaper to get a block policy.
doesnt ncb expire after 1 year? so when we go to renew cars again when we are all a little older, say 25 all our ncb will have expired and if its potentially cheaper to get seperate policies in a few years time with more ncb we wont be able to do that,
comments?
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Many larger fleets will be insured for relatively large sums, with smaller sums insured (perhaps less than £5,000) retained as a voluntary excess. This keeps the insurance costs down although can increase the admin costs in house.
I'm told that quite a lot (although I can't quantify 'quite a lot') insure 3rd party only now. Our fleet insurance (around 100 Audi A4 / BMW 318 type cars) was only approx £300 per car a couple of years ago. We have a £1000 excess.
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Well as someone who used to work briefly as a motor fleet underwriter the way that a motor fleet is rated effectively means that the own damage claims are effectively a money exchange between insured and insurer. It tracks very closely - so if your own damage claims rise over the year your premiums will rise too the next year. So you effectively pay directly for your own damage claims anyhow....Alot of companies with reasonable sized fleets may feel they can finance that bit more cheaply themselves (as the insurer may add 10-20% costs to it) via their own books. Then what the fleet may pay for is a range of services from the insurer eg motor engineers' time, etc.
What they effectively want cover for is the unexpected third party risks (and even some handle this themselves and get the insurer to front the policy for cert perposes)
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