Chip Van insurance tips

The advancement of the food industry, especially the business that provides its services through deep fryers, is on the rise. So if you are also an owner, we recommend that you make sure you have the right type of insurance to cover your fish and chips. This will help you stay on the safe side in case of an accident or other tragedies. Below you will find some tips that can help you with your chip car insurance.

If you are going to insure your catering business for the first time, we recommend that you first request several quotes from different van insurers. How is the process going? Once you have filled in your insurance details, it will be sent to a panel of brokers. After careful checking of your data, they will send you a quote. In other words, you need to fill out an online form to have the quote delivered to you.

Types of insurance available

Now let’s take a look at the different types of insurance you can choose from:

Breakdown coverage: Although not essential, you should consider it as the downtime can cost you a lot of money.

Third party: Actually, this is the minimum as far as the law states and it covers the damage that third parties may incur.

Fire and theft: like the third, this cover covers damage that may result from fire or theft.

Extended: It provides cover for theft by third parties, fire and any damage to your vehicles.

Tips to cut back on your monthly or annual insurance premium

Add to the deductible

In case you don’t know, the deductible is the amount of money you can be held liable for if you are involved in an accident. What you need to do is add up this amount. By doing this, you take on extra responsibility and hold yourself accountable to a greater amount if an accident happens. Most brokers will view it as an indicator of lower risk. This will give you a lower quote. That is why increasing the deductible is a good idea.

Limit the miles:

If you don’t travel long distances on a daily basis in this scenario, you can let your broker know and they can reduce the insurance premium you pay. This is because you are less likely to have an accident. The insurer therefore has less chance of a claim. So this is a win-win situation for both you and your insurer.

Safety:

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When your van is not in use, you can add more security to keep you safer. However, make sure the added security is approved by the insurance industry in your area prior to purchase and installation.

So these are a few tips that can help you with your chipbus insurance. If you follow these tips, you may be able to enjoy lower insurance premiums.