Rental Fleet Insurance

When you’re renting a vehicle, it is essential you have the right insurance in place to protect you and your business should anything happen.

At FleetCover, we pride ourselves on providing specialist rental fleet insurance to help keep your business costs low and protect your business and drivers.

Fleet insurance for rented vehicles

Fleet insurance for rented vehicles is a specialist insurance designed for businesses who rent vehicles over an extended period of time. It also differs from personal use insurance, since all of your rented vehicles can be included under one easy to manage policy.

This type of insurance considers the unique risks that are associated with long term usage of rented vehicles, ensuring that you remain fully protected.

What cover do you need for rented vehicles?

There are a few different types of cover that you need when you rent a vehicle, and these insurance types are usually combined under one umbrella style policy when you rent a vehicle.

Coverage for a rented vehicle will usually include:

Liability insurance – This insurance is required by law and will cover any legal costs if you’re at fault for an accident.

Third party coverage – This covers the costs if you damage someone or something else, including passengers and their property.

Comprehensive – This is extra that covers the cost to repair the rental car if it’s damaged in an accident. This usually covers the car’s exterior, excluding the windows and wheels.

Theft Insurance – This covers the cost to replace the car if it is stolen.

What types of rented fleet would benefit from a comprehensive fleet policy?

There are a number of different rented fleets that would benefit from comprehensive rental fleet policies, especially those who require heavy machinery that their business does not own.

Businesses who commonly use rental fleet insurance include:

• Agricultural Fleets and Hired-In Plants – These businesses rely on large pieces of equipment such as tractors, bulldozers, cranes, excavators and many other machinery.

• Taxi Fleets – Sometimes taxi businesses may be required to rent specific types of vehicles to fulfill certain jobs, such as larger taxis for bigger groups of people.

• Van Fleets and HGV Fleets – Similar to agricultural fleets, many van, HGV and lorry fleet businesses may require specialist vehicles.

However, your business doesn’t need to use specialist machinery and equipment to benefit from rental fleet insurance. Many businesses with regular vehicles, such as those with company vehicles, can also reap the benefits that come with rental fleet insurance.

Is it cheaper to get rental fleet insurance vs individual cover?

Yes, rental fleet insurance does tend to be cheaper than individual cover since all of the vehicles, as long as you have two or more, will be covered under one comprehensive policy.

With different drivers being covered by different policies, the costs can become unpredictable. However, with only one rental fleet insurance policy, you can have peace of mind knowing that all your drivers and vehicles will be covered as a whole.

Speak with the team at FleetCover today to work out the most cost effective policy for your rental fleet.