Does Van Signage Impact On Your Insurance?
So you have bought your new van (or vans), sorted out the paperwork and all the insurances are in place. You then go and get them liveried in your company branding, taglines and all the relevant details. But there could be a problem. You could have just voided your insurance.
Why Insurers Need To Know About Van Branding.
There are two main considerations why your insurers will want to know about your van branding.
Increased Risk of Theft.
Depending on your line of work, your van branding could make your vehicle a more enticing prospect to theives if they believe there could be items such as tools being carried.
Cost of Repairs
If your van needs repairs then the van branding repair costs will also need to be a consideration.
Implications on your van insurance
Van signage comes under the “modifications” section of insurance policies – in the same way spoilers, alloy wheels or other performance-enhancing factors would.
If you do not make your insurer aware of the signage you have then there are several expensive possible outcomes.
Where the vehicle is damaged, the insurer may decide not cover the cost of the repairs to the signage.
Equally, they must decide to void the insurance all together when you come to claim – particularly in theft claims where the signage could have been a contributing factor.
What if you haven’t told your insurer about your signage?
If you have van signage and haven’t made your insurer aware, then you should do so right away.
You may have to pay an increase in premium. However, should the worst happen, you will at least have the peace of mind that your vans will be insured and your costs will be kept to a minimum.