Do You Have Enough Insurance Cover?

By | September 19, 2017

In a decreasing market, paying the cheapest premium is not necessarily the wisest choice especially as you are insuring your livelihood. When choosing your insurance provider consider what would be most important to you in an accident would you need a replacement dual controlled car, if so how long would you need it for and how soon would you get it?

If you do have, an accident is your no claims bonus protected if it is protected do you know how long it is protected for. You do have to consider that for the sake of what may be an additional £20 on your insurance could save your job and increased insurance premiums the following year. Following the advice in the following could in the end save you hundreds of pounds.

The Basics
Car insurance is a compulsory form of insurance cover for drivers in the UK that are taking their vehicles out on the road and has been since 1930. There are different levels of car insurance available for driving instructors. When you are looking for driving school insurance, you need to make sure that you compare different policies and providers in order to make sure that you get the right policy for your needs. You will find that the cost of insurance cover can vary widely from one provider to another, and will vary based on the level of cover that you take out. By comparing different providers, you will be able to get the best deal for your needs. There are a number of things you should check when you are looking for insurance for your driving school car. Firstly, it is still not widely known that as soon as you put dual controls in your car a standard private car policy will be invalid you must arrange for a specialist driving instructor policy to cover you even if you are not using the duals.

Choose a good quality specialist insurance broker and not through one of the direct insurance writers or on line aggregators as these will not provide the right cover even if you have put the correct occupation and business use in the quote engine. Check you have been given comprehensive cover; it should also include any driver for test and tuition windscreen cover & cover your basic legal liabilities in the event of damage or injury caused by you or your passenger to a third party.

Additional Covers
This is where it starts to get important to check the finer details of your policy as many insurers offer all or some of the following covers but the scope of cover can vary widely so you may not be getting what you thought you had paid for. Dual control replacement car you should ensure that your policy provides you with a dual control replacement vehicle should you be unfortunate enough to be off the road following a claim. You should check that the dual control replacement car is supplied for fault and non-fault incidents including fire theft & vandalism it would be worth asking if you would get a replacement vehicle should you put the wrong fuel in the engine as this has been known. Check also how long a dual control replacement vehicle will be provided to you for not all policies guarantee you a car some will only be subject to availability others will provide it to you for a set period of days.

No claims bonus, the no claims discount (NCD) is one of the most important features of your car insurance policy. The amount of NCD offered varies widely between insurers. One year’s claim-free motoring could give you a discount of as much as 60% or as little as 15%. Your NCD will be cut if you make a claim, but the size of the cut varies between insurers. Once you have your no claims bonus, you should consider protecting it. Protected no claims bonus is normally available once you have 4 or more years NCB however there are some insurers who will offer to protect your NCB with as little as 1 year ask your provider if they offer this. Protected no claims bonus is especially useful to have if you want to stop your insurance premiums going sky high following a fault claim
(do not forget claims made when a pupil has a fault accident are counted against you as the policyholder).

You have three options
1. Unprotected that will reduce your insurance premiums but will risk your no claims bonus.
2. protected no claims bonus this will normally cost a small amount on top of your insurance premium but will allow you to have a set number of fault claims within a fixed period before reducing your no claims bonus it is important you check how many claims your policy allows as this can vary from 1 to 3 claims being allowed. It is also important to remember that if your policy only covers say 2 claims within 5 years that should you need to make 2
claims you will no longer have protected no claims bonus and may be forced to pay increased premiums due to your no claims bonus being lost.
3. Guaranteed no claims bonus this is the top level of cover and protects your valuable no claims bonus regardless of the amount of claims you make. Irrespective of the number or types of claims you make you will be offered a guaranteed no claims bonus for the lifetime of the policy and at renewal. You should check to see if you have this cover.

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Liability covers, liability insurance is a very important part of your cover and consists of three parts, which are often confused and rolled into one when they definitely are not, check what covers you have under your motor policy. Public Liability is a statutory liability cover provided under all motor policies cover is normally for a minimum of £20 million and covers you for third party property damage and injuries brought about by an incident involving your vehicle. Extended liability cover provides liability whilst performing the DSA show me tell me part of the driving test this extends the cover to incidents outside of the vehicle you will not find this cover under a normal private car policy. Driving instructor liability, this protects you against injury claims made by pupils undergoing driving instruction who consider that there is negligence on the part of an instructor following an accident. You should check to ensure that all of your liability covers are included as a number of policies will only include the basic RTA Public liability cover ask your insurance provider if they include liability whilst under instruction as well as extended liability cover these should both be shown as separate covers on your policy.

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