Everything You Need To Know About Lorry Insurance

Posted by leziel on April 3rd, 2019

Having lorry insurance is mandatory if you own or drive a lorry.

Lorry insurance is a part of a traders insurance. When you own or operate a lorry for commercial purpose, you require a traders insurance, and it covers all the possible liabilities that come with owning or driving a lorry. Companies like Total Insurance offer a wide range of covers and options to suit any vehicle you drive/own. A specialized agent is standing by to answer all your questions and to help you find a cover that perfectly suits your needs.

Here is everything you need to know about it.

What is lorry insurance?

Lorry insurance, at the most basic level, protects you against any loss or damage to your lorry. When you drive or own a lorry, there is always a possibility for the lorry to be involved in a road accident that could be due to the fault of the driver or another person.

Either way, you need some kind of protection that would reimburse your loss in such untoward incidents, and this is why comprehensive Cheap Lorry Insurance is essential.

Do you need lorry insurance?

Most countries mandate that every vehicle that runs on the road should have a minimum insurance cover that provides unlimited liability for third parties who may be involved in any injury or possibly even death. It also gives protection against any third-party property, though there is a cap on how much property value can be covered.

This is the minimum cover you need to drive a lorry on the road. But for your own safety and financial liability, it is best you go beyond the basics and have a cover that protects the driver, lorry, and its contents as well.

What does a lorry insurance cover?

Lorry insurance covers the following damages.

• Damage to third-party individuals and properties when your lorry was involved in an accident.
• Loss of keys and the cost of replacement or locks and keys.
• Towing services and debris removal from the site of the accident. This is an optional cover that may require you to pay a little extra.
• Medical expenses that you incur in an accident.
• Any damage to the lorry.
• Loss of belongings or goods transported by the lorry.
• Protection against theft of lorry or its belongings.
• Damage due to fire.
• Broken windows and window screens.
• Flat tires and any other repairs. And more.
• Cover for travel to foreign countries.

The exact offering depends on the policy you choose and the company that offers them. Total protection, for example, has a comprehensive policy that covers many of these necessities at affordable rates. Some companies may require you to pay extra for certain extra features.

Regardless of which cover you choose, make sure to read through the terms and conditions, so you understand them thoroughly. This will prevent any confusions and the resulting financial loss for you.