Does the taxi insurance cover passengers and third party?
Taxi insurance is meant to provide protection not only to the taxi company and driver, but also to the passengers and a third party involved in the accident. Therefore, the first point to consider will be to check whether the insurance policy covers passengers and any other person involved in the road accident, irrespective of who caused the damage. Further, auto insurance police is also supposed to provide financial protection in case of lawsuits slapped on the company by passengers or a third party.
Does the taxi insurance cover intentional damage from a third party?
Intentional damage by a third party comes under vandalism. A comprehensive insurance policy should provide cover from vandalism as well. Unfortunately, taxis are the most common and susceptible targets for miscreants to damage. Broken windshields, glasses and headlights are a common occurrence if a taxi company is situated in areas where crime rates are high. Sometimes, the damage is severe and the repairs work will require insurance money.Taxi Zandvoort Therefore, a taxi insurance policy should cover damage caused by vandalism.
Does the taxi insurance cover damages when the taxi is not on road?
Another important point to note is whether the insurance company will cover for the damages caused to the taxi when it is not in use. Taxis are prone to damage when parked on the curbs, parking lots and garages. A taxi insurance policy has to cover for damages caused to it when not in use.
Does the taxi insurance cover thefts and damage from fire?
There is a separate policy called the third party theft and fire insurance policy that provides cover when the taxi is damaged due to fires or is stolen. However, if you have decided to purchase a comprehensive policy, then you should make sure that the policy covers these damages. Further, the policy should provide cover not only for the taxi and the driver but also for the passengers or third party who may be involved in the fire accident and sustained injuries. Medical expenses and damage to their property due to fire or explosion has to be handled by the policy. Theft coverage is also an important cover to consider because car and taxi thefts are steadily on the rise. A comprehensive policy has to cover all these factors.
Does the taxi insurance cover the cost of a new vehicle if the existing vehicle in rendered unusable in an accident?
If a taxi is damaged due to fire or accidents and is beyond repair, then a comprehensive car insurance policy has to provide finance to buy a new vehicle. The terms and conditions of the type of new vehicle can be discussed between the company and the taxi owner. In addition, in cases of thefts, the insurance company is supposed to release funds for a new vehicle. These basic checks have to be made when buying a comprehensive car insurance policy. Other than these covers, if you require special covers, then you can discuss the issue with the insurance company and get the policy customized.