What is HGV Insurance?
HGV Insurance can also be known as Haulage Insurance or Truck Insurance. The cover available under a Haulage, or Truck Insurance policy is generally the same as a HGV Insurance policy. In general terms the policy will provide cover for the HGV vehicles itself, dependant on the cover chosen, and any damage the truck may cause to any others, be that people or property. You will also be able to get HGV insurance for a fleet of vehicle as well as a single Truck or HGV. There are two classes of use under a HGV Insurance policy carriage of goods for hire and reward or carriage of own goods. Hire and Reward insurance cover would be used by haulage operators who use their HGV to carry goods on behalf of others and receive payment for carrying the goods. Carriage of own goods would apply to HGV owners who do not receive payment from others to carry goods, but use the truck to transport their own goods or to deliver their goods to customers. Click here for a HGV insurance quote This entry was po
Heavy Goods Vehicle (HGV) insurance is insurance designed especially to deal with issues relevant to HGVs, also known as Large Goods Vehicles (LGVs). HGVs are defined as vehicles that weigh more than four tons, and they are used to haul large goods, livestock, and pallets all over the world. HGV insurance provides coverage for these very heavy, very expensive vehicles that often carry large loads of valuables. Both HGV and LGV are terms commonly used in the United Kingdom and the European Union, while in the United States, HGVs are generally known as trucks, trailer trucks, or tractor trailers. Minimal HGV insurance is required in many areas, and more extensive coverage is recommended for all companies and drivers. In order to drive an HGV, drivers must carry a specialized license and often follow more extensive restrictions in regards to drug and alcohol use while driving, due to the risks involved in driving a much larger vehicle than a conventional car or small truck. Because drivin
HGV insurance is an important documentation that helps in covering the risk involved in ferrying goods from one place to another along with the damage to the vehicle. Basically, HGV insurance is made for large commercial vehicles that are also known as large goods vehicles (LGV) often used to carry cargos, livestock and other necessary items through out the world. Incase you are going for a liability insurance, you get fixed amount in lieu of damage claims under which you have to pay other party’s damages. However, this liability insurance is divided into two insurances such as split limit and combined single limit. In the former one, the damages are split into two parts so as to cover the expenses of insured and damaged party. In the combined single limit, the expenses are reimbursed in a single payment. In the collision insurance, the payment is made for the damaged vehicle. In the uninsured coverage, provides the benefit even to the fault party who does not have insurance cover. Why
