Taxi insurance is a legal requirement for anyone that wants to drive such a vehicle, but much like all other forms of insurance it isn’t something that we like paying for. This leads many people to make poor decisions or to compromise their level of cover just to save some cash, but this can be a big mistake – often, it’s the added extras that can make all the difference to your policy, so making sure you’ve got everything included should be of huge importance.
You may think that you’ll be properly protected with a basic level of cover, and while this is certainly true in the general sense you’d be wise to look a little deeper. Given that your taxi is your livelihood you should be doing everything possible to ensure you don’t lose out should you break down or be involved in an accident, because if you had to pay for any claims out of your own pocket your income would be seriously affected. That’s why it’s often best to see what added extras you can find, because for the negligible impact they’ll have on your premiums you’ll have valuable peace of mind as well as financial protection should any accidents occur.
Breakdown assistance should be your first choice. Taxis are far more likely to be involved in an accident or breakdown than regular vehicles for the simple fact that they’re on the road for far longer, so it makes sense to be prepared. Replacement vehicle cover can be a great way to ensure you don’t lose out on income during those times that your vehicle in unusable, and things like medical and legal expenses cover should be essential – if any passengers were to be injured while in your cab the financial implications could be huge, so make sure you don’t have to pay for any claims by having the necessary cover in place.
As you can see, it really is the extras that can make all the difference when it comes to taxi insurance. Basic third party cover just isn’t enough when driving is your livelihood, so make sure to consider any added extras that can be included and you can get on the road in confidence.