Understanding Short Term Van Insurance
Understanding short term van insurance policies is an important part of protecting yourself from the risk of financial loss in the event of an accident or other unexpected damage to your van. This type of policy is designed to provide insurance coverage in those situations when standard annual policies are much more than what is needed.
Why do I need Short Term Van Insurance?
Short term van insurance will come in handy in the event you buy a van and need to drive it away from an auction or the former owner’s residence and you want to rest easy knowing that you and the van are fully covered in the event of accident. Perhaps there is a situation where you need someone else to drive the van for you, either to save you time or because you want to take turns driving on a road trip. A short term policy can be purchased that fully covers the other driver or drivers on your van for the length of your trip.
How does Short Term Van Insurance Work?
A short term van insurance policy provides immediate coverage against any accident or damages to the van or damage to property as a result of a collision with the van. In many cases, you can pay online and instantly print your insurance coverage certificates. Most policies are extremely flexible and enable you to choose the length of your coverage period. In many cases, the policy can be anywhere from just one day up to twenty-eight days.
What things are covered under Short Term Van Insurance?
Always double check with your insurance agent but a short term van insurance policy usually includes damage to the van in the case of an accident but should also include legal liability coverage for injuries to another person and damage to someone else’s vehicle or property as a result of an accident. Your policy should also cover damage to the van due to causes not related to an accident such as theft, vandalism, fire or flood.
What if I Need Coverage Longer than Twenty-Eight Days?
In most cases, short term van insurance policies are limited to twenty-eight days however some companies will allow the policy to be renewed or repurchased under the same terms after the twenty-eight days ends. Be aware that this option may not be available from your insurance company and it’s often limited to one or two extensions for the same driver. Make sure you verify any requirements for an extension of coverage with your insurance agent in order to determine that short term van insurance is the right coverage for your needs.
Bear in mind that you will pay a bit more for the convenience, however, carefully choosing your short term policy can cost you less than paying for an annual policy that you don’t need. It can also be faster to get into place than annual policies because less detailed information is needed to get the policy in effect.
