What is Classic HGV Insurance?
Classic Trucks are used quite commonly for display purposes and events. As such, a greater level of protection for the actual truck is put in place to protect it from damage by the public.
Greater emphasis can also be placed on your public liability insurance to protect members of the public should you exhibit at events.
As it is not expected that you will do any miles in your Vintage, it is also possible to implement a limited mileage policy that will help you possibly reduce the cost of your truck. This is a key feature of classic truck insurance, which also offers coverage during renovations and caters to those who use their vehicles for vintage truck shows or occasional personal use.
What to look out for when insuring your classic lorry
Your classic lorry is your pride and joy, whether you take it to classic vehicle rallies at the weekend, use it for work or usually tinker with it in your garden. So you need to ensure that it’s covered should the worst happen and it gets in an accident or breaks down. This is where classic lorry insurance comes in, providing specialized coverage for older commercial vehicles.
This is where classic HGV insurance comes in. Here are some tips to bear in mind when you’re searching for the perfect policy.
Choose a specialised provider
Classic car insurance varies widely, so you need an expert to make sure you get the best insurance for yours. An insurer who provides specialist classic vehicle cover will understand what makes your lorry special and how age, the specific model and other factors will influence the insurance you need. They’ll be able to tailor-make a plan that accounts for all the small details and doesn’t penalise you simply for owning an older vehicle.
Get a range of quotes
Make sure you get a range of quotes from different insurers for classic lorries so that you can compare premiums and coverage. This way you’ll be able to find the policy that suits your needs and budget best. If you only go to a couple of insurers, you risk paying more than you need to. Ideally, use an insurance broker to compare quotes as they will be able to source the best prices and plans from the leading specialist classic vehicle insurers. This will save you a lot of time and money in the long run.
Multi-vehicle insurance
If you own more than one classic vehicle – even if one of them is a HGV but the others aren’t, it can be beneficial to get a HGV Fleet Insurance policy, which can include commercial vehicle insurance. A bulk policy is frequently cheaper than insuring your vehicles separately.
How our process works
We’ve worked hard to refine our process and keep it as quick, easy and simple as possible for our customers.
Benefits of Insuring Your Classic Vehicle
Insuring your classic vehicle is essential to protect your investment and ensure that you can continue to enjoy your vehicle for years to come. Here are some benefits of insuring your classic vehicle:
- Preservation and Protection of Value: A classic vehicle is a valuable asset, and insuring it can help protect its value in the event of an accident or other damage. This ensures that your cherished vehicle retains its worth over time.
- Financial Protection: If your classic vehicle is damaged or stolen, insurance can help cover the cost of repairs or replacement, which can be significant. This financial safety net is crucial, given the often high cost of restoring or replacing classic vehicles.
- Peace of Mind: Insuring your classic vehicle can give you peace of mind, knowing that you are protected in case the worst happens. Whether it’s an accident or unexpected damage, having the right cover means you can enjoy your vehicle without constant worry.
- Compliance with Regulations: In some cases, insuring your classic vehicle may be required by law, so it’s essential to check the regulations in your area. Ensuring compliance not only keeps you on the right side of the law but also provides an added layer of security for your vehicle.
Why insure your classic HGV?
If you own a classic HGV (Heavy Goods Vehicle), insuring it is crucial to protect your investment and ensure that you can continue to use it for years to come. Here are some reasons why you should insure your classic HGV:
- High Value: Classic HGVs can be highly valuable, and insuring them can help protect their value in the event of an accident or other damage. These vehicles often have historical significance and can be worth a substantial amount, making insurance a wise investment.
- Specialised Coverage: Classic HGV insurance can provide specialized coverage that is tailored to the unique needs of your vehicle. This means that the specific requirements of your classic lorry, such as its age, model, and usage, are taken into account, ensuring comprehensive protection.
- Protection Against Accidents: Insuring your classic HGV can help protect you against accidents, which can be costly and damaging to your vehicle. Accidents can happen at any time, and having the right insurance ensures that you are not left with a hefty repair bill.
