Van insurance. BPM and VAT insurance
When taking out van insurance, the insurer assumes the new value of the car, but which one? How do you deal with the VAT and the BPM? The accessories also deserve special attention.
With All-Risk van insurance, the catalogue value is an important premium determining factor. This seems clear and convenient, but there are several values for which the delivery van can be insured. If you choose the wrong value, you will pay too much premium or, in the event of damage, you will not receive the full amount because the insured amount is too low.
BPM and VAT insurance for delivery van
When buying a delivery van, the VAT and BPM are part of the catalogue value. For a commercially purchased delivery van, the VAT and BPM paid can be settled. That is, if there is a VAT and BPM exemption. When buying the vehicle you do owe the levies, but you can process these again in the financial administration. For the van insurance the amount to be insured will drop due to the elimination of these levies. The insurer does not have to pay out the amount of BPM and VAT in the event of a total loss.
Pay attention to the value of the accessories in the van insurance
When taking out van insurance it is important to pay attention to the value of the accessories. You have to make a distinction between parts of the car that come standard with the vehicle and parts that do not come standard with the vehicle. If a navigation system is built in as standard, it does not fall under the heading of accessories for insurance purposes. But it does if a navigation system is fitted later. In that case it is not part of the official catalogue value.
When a delivery van is taken into use, the vehicle is often tailored to the way you want to use it. You can think of the furnishing of the cargo space or the covering of the vehicle with advertising. This must be specially insured as accessories. Otherwise it is not insured.
Choose the right coverage
You can choose from three different forms of insurance, namely:
For the WA delivery van insurance the value of the car is not important. This insurance only compensates the damage caused to others by the delivery van. With the other two forms, the value of the vehicle does play a role. In the WA + full hull policy, the insurer will also pay for the damage to your own vehicle in the event of an accident. The intermediate form is WA + limited hull. This does not pay out for the damage to your own vehicle after an accident, but it does pay out for collisions with stray animals, broken windows and theft of the delivery van.
So look carefully at what is an accessory and what comes standard with the vehicle. The right insured amount in van insurance can make a big difference in case of damage.
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