Insurance for Truck

Fresz19

Hey guys,

Any idea how much would it cost to insure a truck (18 tonne) ??

davo2001

How long is a piece of string?

me_right_one

Try Liberty. They quoted a fella I know e1400 on a pretty old 12 tonner

Fresz19

me_right_one wrote: »

Try Liberty. They quoted me e1400 on a pretty old 12 tonner

Wow, this is really good.

Did u use ur private car ncb with it or just straight in to it?

me_right_one

Fresz19 wrote: »

Wow, this is really good.

Did u use ur private car ncb with it or just straight in to it?

Well it wasnt for me, so I dont know the persons history. I do know he has a digger with them, and never had any claims.

Sue Pa Key Pa

Totally different cover and premiums involved if it is for own goods or haulage

Fresz19

Alright,

I was thinking about getting recovery truck but its hard to obtain any information about running costs etc.

Sue Pa Key Pa

Fresz19 wrote: »

Alright,

I was thinking about getting recovery truck but its hard to obtain any information about running costs etc.

A recovery truck is Motor Trade, which is a specific cover. You'll need to approach a broker

Fresz19

Sue Pa Key Pa wrote: »

A recovery truck is Motor Trade, which is a specific cover. You'll need to approach a broker

Thanks,

is there any specific broker or any 'car' insurance broker will do?

and is there any more info you could share with me, I would be grateful.

Moomat

I had a motor trade policy with Campion before. Around €1600 and covered receovery trucks up to 7.5 tonne.

18 tonne is pretty big for a recovery truck. Will you be doing machinary etc?

Sue Pa Key Pa

Fresz19 wrote: »

Thanks,

is there any specific broker or any 'car' insurance broker will do?

and is there any more info you could share with me, I would be grateful.

Well, I'll presume you are not a member of SIMI, so you won't have access to the Aviva product. Other than that you'll need to approach a broker that does more commercial business than cars/vans.

Try Marsh Ireland or Arachas

Fresz19

Thanks a lot.

I have came a cross SIMI before - is it good to be member of it? What are benefits of it?

jinkybhoy

Wexford Insurance have a few schemes AFAIK

cormie

If it's for hire and reward, prices have gone through the roof.

Have a look at this: http://www.boards.ie/ttfthread/2057655682

Fresz19

cormie wrote: »

If it's for hire and reward, prices have gone through the roof.

Have a look at this: http://www.boards.ie/ttfthread/2057655682

Not really, just towing other cars on flatbed truck

cormie

Fresz19 wrote: »

Not really, just towing other cars on flatbed truck

That's hire and reward, I think? Using the vehicle itself for the work, rather than a plumber just using it to get himself/tools/equipment to/from main place of work?

Fresz19

cormie wrote: »

That's hire and reward, I think? Using the vehicle itself for the work, rather than a plumber just using it to get himself/tools/equipment to/from main place of work?

hahaha now u confused me all the way... You might be right

Liam McPoyle

cormie wrote: »

That's hire and reward, I think? Using the vehicle itself for the work, rather than a plumber just using it to get himself/tools/equipment to/from main place of work?

You are correct.

Even before motor premiums went bananas the market for recovery vehicles was very narrow.

Considering the contraction of risk appetite with many Insurers, the hardening of rates etc, someone looking to get an 18 tonne recovery vehicle covered, with no previous like for like insurance, will face I believe a huge amount of difficulty getting any company to quote.

Fresz19

Saul T Nutzz wrote: »

You are correct.

Even before motor premiums went bananas the market for recovery vehicles was very narrow.

Considering the contraction of risk appetite with many Insurers, the hardening of rates etc, someone looking to get an 18 tonne recovery vehicle covered, with no previous like for like insurance, will face I believe a huge amount of difficulty getting any company to quote.

I said 18 but it probably be 7.5 tonne as 18 tonne is even hard to purchase in Ireland.

Liam McPoyle

Fresz19 wrote: »

I said 18 but it probably be 7.5 tonne as 18 tonne is even hard to purchase in Ireland.

Even at that you are probably facing a massive uphill battle I'm afraid.

Fresz19

Saul T Nutzz wrote: »

Even at that you are probably facing a massive uphill battle I'm afraid.

You mean finding someone that would insure it or massive cost?

Head Wreck

Cheaper get a Jeep and good transport trailer I'd say. If it's only cars you're wanting to tow.

Fresz19

Head Wreck wrote: »

Cheaper get a Jeep and good transport trailer I'd say. If it's only cars you're wanting to tow.

I was thinking more of service and contracts with insurance companies to recover broken down cars...

cormie

Saul T Nutzz wrote: »

You are correct.

Even before motor premiums went bananas the market for recovery vehicles was very narrow.

Considering the contraction of risk appetite with many Insurers, the hardening of rates etc, someone looking to get an 18 tonne recovery vehicle covered, with no previous like for like insurance, will face I believe a huge amount of difficulty getting any company to quote.

I've seen you post before, you work insurance right?

Fresz, if you experience anything like I've experienced, it's going to be really really difficult to get cover. Look at the thread I linked to above, over 5 years no claims with the same company on a fleet policy and they wouldn't renew the policy and then getting onto a broker, who tried about 5 or 6 different companies with no luck. The broker said this time last year he would have gotten quotes from about 3 or 4 different companies, but those who would have quoted, like Aviva, weren't quoting at all for me. I know 3 guys doing the same thing, legitimately, and they were all insured through Aviva. It's basically a case that if you weren't already with the company, you probably won't get cover. At least in Furniture Removals, and if recovery is anything similar then you're going to have a tough battle ahead of you ;(

Fresz19

cormie wrote: »

I've seen you post before, you work insurance right?

Fresz, if you experience anything like I've experienced, it's going to be really really difficult to get cover. Look at the thread I linked to above, over 5 years no claims with the same company on a fleet policy and they wouldn't renew the policy and then getting onto a broker, who tried about 5 or 6 different companies with no luck. The broker said this time last year he would have gotten quotes from about 3 or 4 different companies, but those who would have quoted, like Aviva, weren't quoting at all for me. I know 3 guys doing the same thing, legitimately, and they were all insured through Aviva. It's basically a case that if you weren't already with the company, you probably won't get cover. At least in Furniture Removals, and if recovery is anything similar then you're going to have a tough battle ahead of you ;(

They all talk about supporing SME's and on other side this rubbish is happening... How to start new transport business if costs are sky high...

Sue Pa Key Pa

Fresz19 wrote: »

I was thinking more of service and contracts with insurance companies to recover broken down cars...

That's strictly motor trade. Someone mentioned Wexford Insurance, good call

Fresz19

Sue Pa Key Pa wrote: »

That's strictly motor trade. Someone mentioned Wexford Insurance, good call

Already emailed them with details.