Commercial vehicle insurance: Observe the important cancellation period.

For car owners, November is always an important month: they can cancel their car insurance by November 30th and secure better conditions.

Commercial insurance policies typically have a three-month notice period, effective at the end of the year. An exception is motor vehicle insurance, which has a notice period of only one month. If a cancellation notice is received by the insurer by November 30th, the policy is cancelled at the turn of the year – and the boss can take out a new policy with often more favorable conditions. That is precisely why insurance companies compete for customers in November.

It can't be done without it.

It's clear that every vehicle must have car insurance. The most important thing is... Taking out commercial vehicle insurancewhich differs from insurance for a private car. Everyone should obtain several quotes and compare them carefully, as the Services and bonuses vary considerably..

Motor vehicle liability insurance: Important aspects to consider

A Motor vehicle liability insurance is beautiful a legal requirementIt ensures that in the event of an accident caused by the driver, the damages to others are financially settled. This includes Repair costs, replacement vehicles, treatment costs, claims for damages or loss of earningsHowever, you should also clarify the following points with your insurance company:

Is the insurance coverage actually sufficient? The legally required minimum coverage is €7,5 million for personal injury, €1,22 million for property damage, and €50.000 for financial loss, which is not always enough. In the motor vehicle sector, coverage amounts for personal injury are often €15 million, while for environmental, property, and financial loss they can reach up to €100 million.
Does the insurance coverage also apply to rental cars abroad, so that a so-called "Mallorca policy" applies, which is of interest to cross-border companies?
- Are damages to one's own property covered, for example, if an employee crashes into a colleague's car in the company parking lot?
- Are environmental damages generally covered by motor vehicle liability insurance, and if so, up to what amount?

Protect your vehicle: Partial and comprehensive insurance

In addition, there is a Comprehensive insurance, which extends the protection to the vehicle itself and its driver. There are two options: partial and comprehensive insurance.. Partial comprehensive insurance covers damage to the vehicle caused by external factors, while full comprehensive insurance also covers damage caused by the policyholder.Experience shows that comprehensive insurance is particularly worthwhile for new vehicles; ways to save on premiums include, for example, a deductible. For partial coverage, you should generally pay attention to the following points:

- Amount of the deductible; 150 euros is a common value here.
- Co-insurance for natural hazards such as roof avalanches
- Insurance coverage in the event of a collision with animals – not every accident is covered if only "fur-bearing game" is included, because dogs and cats are not covered.
- Marten bites – consequential damage, for example to the engine, caused by the marten bite should be included.
- Short circuits and smoldering damage to cables should be included in the package.

Comprehensive insurance optimization: Save costs through adjustments

Within the Comprehensive insurance always requires the company to adjust its rates to avoid paying unnecessary premiums.The following aspects, among others, should be considered when taking out comprehensive insurance:

- Amount of deductible
- Duration of replacement value compensation
- Free co-insurance of special equipment
- Co-insurance of salvage costs for the cargo
- Regulation of towing costs
- GAP coverage for leased or financed vehicles
- Start of deductions for new for old on spare parts

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