Owning a classic lorry is likely to bring you many hours of fun, absorbing interest, and the satisfaction of having an historic vehicle – not to mention the admiring glances of anyone setting eyes on your pride and joy.
But it’s not all fun and games. There’s a serious side to it too. And that involves making such that you protect the time and not inconsiderable amounts of money you have invested in the vehicle against possible loss or damage – classic lorry insurance.
Unless you have no intention of driving it on the roads or in any public space and have a Statutory Off Road Notice (SORN) issued by the Driver and Vehicle Licensing Agency (DVLA), you also need the appropriate motor insurance to stay on the right side of the law.
Just as the term suggests, however, classic lorry insurance is no ordinary motor insurance, but designed to fulfil the needs of the owner of a special type of vehicle. So here are some tips on arranging your specialist classic lorry insurance:
Specialist independent brokers
- whenever you are looking for motor insurance, it may often help to consult an insurance broker, who understands your needs and knows the insurance market inside out;
- when looking for the specialist type of insurance needed for your classic lorry, it may be wise to choose a specialist independent broker;
- this is likely to be the provider with the expertise and experience to appreciate your particular requirements and match these to the products available in this specialist niche of the wider insurance market;
- one of the important pieces of advice is likely to highlight the importance of informing any insurer that your classic vehicle is going to cover a relatively limited mileage during the year;
- less time on the roads means fewer opportunities for loss or damage to the vehicle in a traffic accident – and, so, a reduction in the price of the premiums you are expected to pay;
- along with the restricted mileage is the fact that your classic lorry is hardly likely to be the only vehicle used by you and your family;
- remember that many insurers offer discounts on policies where more than one vehicle is owned – including the possibility of one of them being a classic lorry;
- most owners of such a prized possession are likely to guard their classic lorry especially closely and be wary in the extreme of letting anyone else drive it;
- by limiting your motor insurance policy to yourself as the named driver only, you are likely to secure a further discount on the price of the premiums;
- one of the problems in owning a vehicle the size of a classic lorry is finding somewhere to store and keep it;
- if you manage to find a secure garage, so much the better, although any measures you are able to take to deter thieves and immobilise the vehicle may impress your insurer enough to reduce the price of insurance premiums.
By keeping in mind these tips – and such considerations as excesses and no claims discounts, as you are likely to do for any other type of motor insurance – you may obtain the classic lorry insurance you need, at a competitive price.