Vehicles of all kinds need to have adequate insurance before they can be driven on public roads, and limos are no exception. But, given the fact your limo could be your livelihood it makes even more sense to be adequately protected—you wouldn’t want to be held liable for any claims being made as that could put a serious dent in your income, so sourcing the right limo insurance should be high on your list of priorities.
What is limo insurance?
This type of insurance has been specifically designed for limousines and the associated business requirements, offering a valuable safety net should you be involved in an incident. Depending on the kind of policy you choose it can provide financial protection in the event of an accident or breakdown, covering any costs incurred (your own as well as your liability to the other party) so you don’t have to pay out of your own pocket, and it can cover you against things like theft, vandalism and accidental damage too. In essence it’s much the same as any other kind of vehicle insurance policy with a specialist slant, and it’s not only vital if you want to be meeting your legal obligations but makes sound financial sense too.
What to look for in this kind of policy
There are plenty of things you’ll need to look for in a policy of this kind, and you first consideration will always be the basic level of cover you’re after. Third party, third party fire and theft and fully comp will usually be your main choices, but as with so many things in life you tend to get what you pay for. You should consider the most comprehensive level of cover you can afford, particularly if you’re driving a limo for business reasons, thereby ensuring you’ve got the protection you need.
Any limo insurance policy should offer public liability cover as a key feature, and from there you’ll want to think about more specific features or even added extras that could be included. Things like breakdown assistance and replacement vehicle cover are always worth investing in, ensuring you can get back on the road as quickly as possible, and you might want to see if you can find agreed value or limited mileage policies depending on your needs. It all comes down to your individual requirements, and that’s what makes adequate research so important.
Finding the limo insurance to suit
You need to thoroughly research the area to uncover plenty of suitable quotes, because performing comparisons is key. You need a policy that suits your needs and your budget, providing the level of cover you need at a price you can afford, and the only way to ensure that is if you take a close look at what each policy can offer—you’ll want to compare everything from the cost of premiums to the kind of features offered (but remember to never be swayed too much by price), and if you make sure to seek specialist insurers that can tailor their policies around your needs you can be confident in having the limo insurance that meets your every requirement.