Competitive, Quality Truck Goods in Transit Insurance
HGV Goods In Transit Insurance
HGV goods in transit insurance is a specialism of Instatruck. To get your HGV goods in transit insurance quote, call the Instatruck team on 01332 320540 or start your HGV goods in transit insurance quote today. Our independent team will compare their markets to find you a competitive cover that doesn’t compromise on quality.
What Is HGV Goods In Transit Insurance?
- Hauliers
- Freight forwarders
- Removal firms
- Construction firms
- Delivery firms who use trucks and HGVs
- Businesses who are delivering their own goods or customers’ goods using trucks
What Can An HGV Goods In Transit Insurance Policy Cover?
Goods in transit insurance for trucks through Instatruck can protect your cargo and your business against a range of risks. Cover through Instatruck can be provided for any type of goods carried and handled, and a policy can cover risks including:
- Loss of goods – if you accidentally lose some or all of the goods you’re carrying, your goods in transit insurance will cover the loss up to the limit set in your policy
- Damage to goods – if your cargo is damaged while being moved, then you can make a claim to cover the replacement of your goods. This not only covers breakage but risks such as water damage or damaged packaging
- Deterioration of stock – deterioration of stock insurance covers damage to goods carried or stored in cold storage spaces. Damage typically occurs due to a breakdown of the refrigeration equipment or accidental damage to it. If you’re carrying ambient or frozen goods, then this is an important cover to have
- Theft – vehicle-related thefts are on the rise* in the UK with HGVs and trucks being particular targets for thieves. If you’re unlucky enough to become a victim, then the theft element of your HGV goods in transit insurance will cover any losses
- Public liability insurance – this is a popular policy add-on to HGV goods in transit insurance. It means if you are responsible for causing injury or damaging the property of a member of the public and they decide to take legal action against you, it will help with the costs of mounting a defence and paying any compensation
- Personal effects – as an HGV driver, you’ll likely have personal possessions in your vehicle. Personal effects cover provides financial protection if any of your things are stolen or damaged while driving
- Owned trailer cover
- Third-party trailer cover – of up to £75,000 for rented/third-party trailers
- EU and worldwide protection – if your business does European or even longer runs, then you can have your truck goods in transit insurance cover you for these foreign travels
- Contingency insurance for subcontractors – also known as contingent public liability insurance, this covers you should a subcontractor be held liable for damage or injury and their insurance fails to pay out. It protects you when another policy has been invalidated
- All risks, full liability insurance – giving you comprehensive cover
How Much Does HGV Goods In Transit Insurance Cost?
There’s no simple answer to that question – particularly as at Instatruck we’ll compare various providers and build our cover around your business’s needs. What we can say is that your goods in transit insurance quote will be decided upon by things such as:
- The value of the goods you’re carrying
- The routes you are working
- Your claims history
- Whether you want to pay monthly or annually – annually will usually be cheaper
- Your no-claims bonus
- The turnover of your business
- The type of goods you are carrying
If you’d like to know how much an HGV goods-in-transit insurance policy will cost your business, then contact the Instatruck team today. We’ll compare our markets to find you the right cover at the right price. You can call us on 01332 320540 or start your HGV goods in transit insurance quote here.
How To Save On Haulage Goods In Transit Insurance
While Instatruck is here to help you save money on the cover you need, there are some things that you can do to reduce your HGV goods in transit insurance costs, such as:
- Completing a risk assessment with us and seeing where you can save money
- Ensure you have accurate valuations of the goods you’re carrying
- Give us plenty of time to look into your renewal. Instratruck has a number of markets, and the longer we have to compare them, the more chance we have of saving you money
- Set a higher excess, the amount you pay in the event of a claim
What Level Of HGV Goods In Transit Cover Do You Need?
Again, there’s no simple answer to that, as it will depend on things like:
- What you’re carrying
- Where you are taking the goods
- If the goods are under contractual conditions or international rules
Your HGV goods in transit insurance must reflect your liabilities based on the contractual agreements you have in place. Types of contractual conditions include:
- RHA Conditions of Carriage – you’ll need to be a Road Haulage Association member and use the RHA’s Conditions of Carriage. This enables you to limit your liability for the goods you carry to a maximum of £1,300 per tonne on the gross weight of goods lost, wrongly delivered, or damaged. The RHA conditions set out the responsibilities of the customer and consignee towards the collection, transportation, and delivery of goods.
- CMR conditions – or the convention relative au contrat de transport international de merchandises par route (CMR) is a United Nations convention that covers goods moved internationally. It’s a standard set of transport and liability conditions which replaces individual businesses’ terms and condition
- Full value – if you’re not using particular contract conditions such as the RHA, you may need to look for cover for full responsibility for the goods
Goods In Transit Insurance FAQ
Yes, typical ones include specific cargo such as human organs, livestock, explosives, or other high-risk items. Claims may also be refused on the grounds of:
- Poor/defective packaging
- Shortage in weight
- Thefts from unlocked, unattended vehicles
- Damage that derives from dangerous driving
- Confiscation by the police/authorities
Get An HGV Goods In Transit Insurance Quote
If you’d like some truck fleet insurance help or a haulage fleet insurance quote, call Instatruck on 01332 320540. We can give you all the advice you need and can compare our markets to find you the cover you require.
Like Some Insurance Help?
If you’re looking for quality HGV goods in transit, plant, fleet, HGV or truck insurance, put Instratruck’s insurance price comparison service to test today. You can call us on 01332 320540 to start your truck insurance price comparison.