Can I Lease An Insured Van?
You have the option to add insurance to your van lease as part of your fixed monthly payments. All drivers need fully comprehensive cover for the full duration of their contract, so an insurance package is a handy way to include this in one simple cost.
Read on to find out more about how insurance works when leasing a van.
Do I Need Van Leasing Insurance?
Insurance is a requirement that every driver will have to consider when taking out a business van lease. You will have to take out a comprehensive insurance policy, which provides cover for:
- Third party
- Accidental damage
- Fire damage
What does insured-van leasing cover?
At Leasing Options, we don’t just offer one of the widest selections of new vans available at great prices. We also want to ensure you have comprehensive support. That’s why we offer insured van leasing with our Fuel & Go leasing with insurance package.
Our Fuel & Go package offers:
- An insured vehicle
- Third party liability
- Maintenance and repairs
- Breakdown cover
- Accident management
- Road tax
- £500 damage waiver
All of this is included in your fixed monthly payments.
What happens if I’m in an accident?
The Fuel & Go package has got you covered should you be involved in an accident. This can be done by calling the Driver Helpline, on 0370 664 499, this line is open 24/7.
As soon as you get in touch to report the incident, the team will get to work to get you and your van back on the road as soon as possible.
We have become known for our fast response times that are quicker than the industry standard, ensuring your needs are seen to quickly and effectively.
What happens if my van is written off?
Should you be unfortunate enough to be involved an accident and the van is written off, your finance company will assess the cost to repair the vehicle. If they come to the conclusion that the repair costs are not reasonable enough to be covered, the contract will be cancelled.
Will I be charged for an accident?
If you are believed to be ‘at fault’ for the accident, you will have to pay the relevant Customer Incident Charge (CIC). This is related to any accidents that occur while you are leasing the van.
How much the CIC will be, depends on how many ‘at fault’ incidents you have accrued during the contract. The finance company will then use the CIC to pay for the costs involved with the incident.
What happens if my van is stolen?
If your van is stolen, you must contact the police as soon you are aware to get a Crime Reference Number (CRN). Within 24 hours of the van being stolen, you must also get in contact with the Driver Helpline, to inform them of the situation and provide the CRN.
At this point, we have to wait and monitor the progress of the police investigation. After a period of 21 days, if the vehicle hasn’t been found, or it has been located but is unrepairable, the business van lease will be cancelled. This also means you will no longer be required to make the monthly payments and you will receive a CIC (see above).
After your finance company has conducted an investigation into the incident, if they believe the loss of the vehicle was due to negligence on your part, we will charge you the full termination costs. An example of negligence would be if the doors tothe van were left unlocked. After a further 21 days, if we have recovered the vehicle and have been able to sell it, you will be credited up to the value of the costs you were asked to pay.
What if I don’t take out insurance?
Should you choose not to take advantage of our Fuel & Go package, you have a responsibility to insure the van and tell your insurance provider who the registered van owners are.
The finance company that you enter into the contract hire agreement will be the owner of the van and this is the name you would have to supply. The reason for this is to help with any future claims that may occur. Should a claim be made, and the insurance company believe you are the registered owner, this will slow down the claim and create unnecessary delays.
When do I start my policy?
Once the order for the van has been placed, your account manager will be able to keep you updated about the delivery date. Once that date has been set, you must contact the insurance company so the policy can begin from the delivery date.
Your van must stay fully comprehensively insured all the way through to the day it is returned at the end of the contract. Start searching for the perfect lease van today and see how you can easily get insurance cover plus a brand-new vehicle included in one monthly payment. Or if you have any other questions, just get in touch with our expert team who’ll be happy to help.