Modified Van Insurance

Modified van insurance guide

Modified van insurance is a speciality type of cover used to financially protect the custom fitted vans used for social and pleasure, along with modifications for the professional to use in their commercial business. Each policy is tailored to fit the needs of the client and the modified van they have chosen to drive. Multi Quote Time can help, by providing multiple quotes for modified van insurance within the UK (including Northern Ireland)

Are all modifications classified as high risk?

We can share 2 modification that will not result in a higher premium and might actually reduce your insurance costs.  The first is the detailing of your business logo on the side of the van. A business logo on the exterior of the van will make t unique and easier to spot if it is stolen. Because of that, many insurance companies offer discounts if this modification is done.

Security modifications are also classified as a modification, but reduce the risk of the van being stolen. This includes immobilizers, alarms and GPS transponders. Many insurance companies provide discounts when these are installed.

What level of modified Van insurance cover do I need?

Similar to pay monthly car insurance, you can choose one of three levels of cover. Traditionally, third party only insurance would always work out the cheapest. This has changed as insurance companies were finding that those that took out the lower level insurance policy actually were making more claims and cost them more money in payouts. The reason being that higher risk drivers that include young drivers and convicted drivers find it hard to afford fully comprehensive insurance and opt for third party and THFT.

All vehicles on the road must have road risk insurance. This includes both those used commercially by professionals and vans used for social and pleasure. The three standard levels of road risk cover include Comprehensive, Third Party Fire and Theft and Third Party only.

What counts as a van modification?

A van modification refers to any alteration or customization made to a van’s original design or features (when it left the factory). These modifications can, range from a simple cosmetic changes or the addition of a tow-bar to extensive structural alterations, example converting to a day van or campervan.

All the above are classified as a modification and increase the risk to the insurance company by either making the van more attractive to thieves and or increasing the value of the van. As a result, modified van insurance will be more expensive than standard van insurance. This makes it all the more important to compare modified van insurance quotes when searching for the best deal available on the market.

Will modifications increase the cost of van insurance?

It will depend on the modification, if the modification increases the security it should bring down the cost of modified van insurance, but in general they increase the cost of cover. Before making any mods, it is always worth checking with your insurance company first on the impact the change will have on the cost of insurance

If you are searching for affordable modified van insurance, consider the following

Are there any add-ons that can be included in the policy?

Most add-ons to a policy require the level of cover to be comprehensive. A few of the following might be standard with some insurance firms that includes windscreen repair, courtesy van when the van is being repaired, personal injury cover, personal belongings and electronics cover.

The following add-ons can be included, but nearly always raise the cost of the premiums, but also provide peace of mind for many van owners. This includes breakdown cover, European cover, personal injury and legal protection, replacement vehicle if your van is stolen or written off after an accident along with good and tools cover.

Modifying a van is a big investment. The right level of modified van insurance is the type of financial protection needed to ensure your investment will last no matter what occurs on the road. To assist you in finding the right cover for you is van insurance quotes. More information on company van insurance is here and if you own more than one van then van fleet insurance quotes can be helpful.

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