eet insurance )sts set to rise
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
IERS — and van fleet operators — with large excesses in comprehensive cover or with third party fire and theft. ince should brace themselves for another shock on top of already delivered by the Chancellor in his Budget on lay.
these classes of insurance may be going up substantially nuary 1 next year.
urers have for some time been worried about insurance Lanes caused by the so-called "knock-for-knock" agree. Now they are to change it with what is to be known as a al indemnity clause.
ey have agreed that an insurer who issues a restricted cover policy — such as comprehensive cover with a £100-plus 3S, or a third party, fire and theft only cover — will be called ) contribute towards the costs of damage sustained by aer vehicle and record payments'made to a third party as of the insured's claims record.
is attempt to smooth out anomalies and bring cover iiums more into line with recorded claims experience is st certain to mean increased insurance costs.