Do Van Insurance Policies Cover Theft?
As the owner of a commercial vehicle, you know that you need to have the proper insurance coverage to protect your vehicle, its contents and your business. One of the most important aspects of van insurance coverage is theft – but does it cover the theft of your van, or the theft of items inside your van? Read on to learn more about van insurance coverage for theft, so you can make sure you have the coverage you need.
Van Insurance Coverage of Theft
Van insurance typically covers theft of the van itself. If your van is stolen, most policies will provide coverage for the cost of replacing the vehicle, minus the deductible. However, the coverage you get depends on the type of policy you have. If you are on a Third Party insurance policy (also known as liability insurance), it will cover theft of your van, but not the contents. If you are on a comprehensive policy, it will cover the cost of replacing your van and any items that were in it that were stolen.
Types of Theft Covered by Van Insurance
Not only does van insurance cover standard theft, but it covers other types of theft as well. For example, if your van is broken into and property is stolen from it, it should be covered. However, it’s important to note that some policies may not cover items that are valued more than an agreed amount, so make sure to read the fine print when purchasing insurance.
What Isn’t Covered by Van Insurance in Regards to Theft?
In general, van insurance does cover theft of the van and its contents, but there are some exclusions that you need to be aware of. If something happens as a result of an illegal act, most likely it’s not covered by your van insurance policy. This means if someone steals prescription drugs that you had in the van, or if you’re transporting goods that have been stolen, the insurance won’t cover the theft.
Other Tips for Reducing the Risk of Theft
Having van insurance is the best way to protect your vehicle and its contents from theft. But there are other steps you can take as well. If you leave your vehicle parked, always park it in a secure location, preferably in a garage. Make sure your van has an appropriate security system, like an alarm or a tracking device. You can also invest in heavy-duty locks, like those used for military-grade vaults. These steps may not completely eliminate the chance of theft, but they can make it much harder for someone to steal your van.
Choose Your van Insurance Wisely
When searching for van insurance, make sure you know exactly what is covered in terms of theft. Most companies offer several different types of policies, and you want to make sure you have the right coverage for your needs. And remember that having the best van insurance policy in the world doesn’t mean anything if you don’t take steps to protect your vehicle. Always make sure you’re parking in a well-lit and secure area, and that you’re taking all other necessary steps to discourage theft.
Be Prepared for the Unexpected
You can never be too prepared for theft – especially when it comes to your commercial vehicles and the related insurance policies. By understanding van insurance coverage for theft, you can make sure you’re covered in the event of a theft. And if you remember to take the necessary steps to reduce the risk of theft, you can have the peace of mind that comes with being well prepared.