THE INSTRUCTOR
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www.ukdic.co.uk
We get bombarded by car insurance advertising
on a daily basis and all know although some
flaunt the fact that all drivers need to insure
their vehicle, and that it is a legal requirement to
have at least third party cover.
Depending on the level of cover, insurance not
only protects against damage to your vehicle,
but also against the costs incurred due to injury
and legal expenses, and also offers a myriad of
`convenience' options to keep us on the road.
However, in tough economic times as we are
currently experiencing, drivers sometimes face
a trade off between a cheap renewal price, and
going for the correct cover. So while the
cheaper insurance option may keep you on
the right side of the law, does the policy
exclusions affect your ability to stay mobile
and run your business?
Why you shouldn't just renew
Say you've been driving for over eight years
as an Approved Driving Instructor (ADI), your
insurance last year was around £760 which is
reasonable and you were happy to pay it.
You then get a renewal quotation from your
insurance company only to find out your
insurance premiums have gone up.... to £1900!
As far as you are concerned nothing had
changed with the previous year and the
information you supplied to your insurance
company hadn't altered, so why has the price
gone up? The insurance companies may tell you
that it is due to the number of non-fault road
traffic collissions (RTCs) .
If you have had, for example, only three non-
fault RTCs in the last eight years (and this is
existing knowledge to the insurance company)
TRAINING: INSURANCE
As one of the necessities to keep your business running, it can still be a nervous time
finding or renewing your insurance to get the best deal The Instructor offers a few tips.
Getting the most out of your
insurance policy
Accidents are a fact of life, but making sure you stay on the road in the event of a claim without
breaking the bank come renewal time is the key to finding the right policy for you.