There
are a variety of factors affecting your taxi insurance. One such factor, for
example, is the driver/s you will be employing. There are other factors of
course, but it is important to remember to answer all the questions on your
policy honestly and truthfully, otherwise you may be denied a claim when you
try to make one. Supplying correct information also determines the policy
premiums and specifications – which is even more reason to be honest!
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The
length of time you or your drivers have been driving taxis affect the policy.
If you or one of your drivers is a first time taxi driver, this may mean your
premiums will be higher. If, however, you or one of your drivers have been
driving for a long time, then the premiums may be less as you’re deemed a responsible
and experienced driver. Similarly, if you or one of your drivers have driving
convictions this will affect your policy. Being honest here is important, even
if you think it will negatively impact your policy – as mentioned above, if
you’re found to be dishonest and you try to make a claim, you may be denied.
And you’ll be out of pocket not only your premium payments but also the cost of
repairing your vehicle, other vehicles involved and any other damages to
property or injuries to people.
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By
supplying the correct information, the insurance broker or agency you decide to
go through can calculate the appropriate risks involved, and offer you a policy
accordingly. If you lie about the upkeep of your vehicles, and then you’re
involved in an accident deemed to be your fault due to poor maintenance –
you’ll be denied the claim. If, however, you’re honest about how often you get
your vehicles serviced then when purchasing a policy this will be taken into
account and your premiums – and the payout you will receive in the event of a
claim – will be determined. Sure, you may pay more up front by way of premiums,
but your claim won’t be turned down in the unfortunate chance of an accident
occurring.
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If
you are comparing quotes in order to obtain the best possible price for the
best possible insurance policy, then you also need to be consistent in your
information given to the agency or broker. You cannot possibly obtain accurate
quote comparisons if you give different information to different agencies or
brokers. Only by keeping your information consistent can you get an honest
comparison so you can properly choose the right policy.
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Something
else to bear in mind is that , your
claim will be denied in the event of making one.
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Tags: damages, driving convictions, insurance, insurance broker, length of time, long time, other vehicles, policy premiums, poor maintenance, taxi driver, taxi insurance, taxis, upkeep