AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Statutory LGV recovery could cost up to £9,000

7th February 2008
Page 6
Page 6, 7th February 2008 — Statutory LGV recovery could cost up to £9,000
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

4. LEADING INSURER believes ruck premiums will be forced up his year because of increases in itatutory police charges for removng dangerous and abandoned /chides from the road.

The current flat fee of £105 for ill recoveries will be replaced by 150 for a routine recovery, rising )y stages to £9,000 for a vehicle °tally immersed in water. The iolice have the power to remove 'ehicles which are illegally parked, abandoned or broken down.

Phil Gledhill, claims technical manager for Norwich Union, says: "There was general acceptance that £105 is insufficient to cover the cost of recovering vehicles from small vehicles to arti.cs. However, the changes look like they will drastically increase recovery costs for insurers and it is likely that all road users will be paying more.

"Not all recoveries are insurance claims but, where they are, the scale of these changes may force insurers to increase premiums."

LGVs will be hit hardest. A simple tow for a truck over 18 tonnes will cost £350, rising to £685 if it has jack-knifed,£2,000 if it is off the road. &5.000 if the load has been dislodged onto the road and £9,000 for any vehicle under water.

The scale of charges might alter slightly,says a Home Office spokesman, but is likely to be substantially based on the current proposals.