When it comes to insuring a car, everyone wants to get the best deal possible. However, most people don’t understand the differences between insurance policies and what they cover. With that in mind, we’re going to provide a quick rundown of everything you need to know. We’ll explain the policies in layman’s terms so everyone can understand.
In most instances, comprehensive means the insurer will cover the costs of any work required. That includes when you crash the vehicle, or the automobile is damaged or stolen. You don’t have to pay any excess when repairs are necessary for most situations.
Third party usually means the insurer will cover the costs of fire damage and theft. However, they don’t cover you in the event of a crash. Most policies will require the motorist to pay high rates of excess.
Most insurers now offer specialist deals to young motorists. They enable drivers to save money if they only use the roads at certain times of the day. Sometimes people can even opt for the fitting of a black box to monitor their driving.
Motor trade insurance
Motor trade insurance is designed for business owners who want to protect their employees and assets. You can learn more about that by checking the infographic we’ve published below.
Now you know about the different types of auto insurance, you should make the right decisions this year. Just remember that motor trade cover is designed for business owners and not individuals.
Infographic Designed To Get the best deal in traders insurance