Truck Insurance Australia | Transport Operators Insurance

Truck Insurance 


Australian Truck Insurance and Commercial Motor Insurance Underwriting has undergone some major changes over the past 12 months. Most notably, a hardening of the Australian Insurance market has seen Truck Insurance Premiums rise by upwards of twenty percent from the previous 12 month period, as well as resulting in the application of stricter and more stringent underwriting guidelines, and the removal of certain types of truck and transport policies and packages form the offerings.

Rising Insurance Premiums


Whereas there have been premium increases in the vicinity of five to ten percent in other types of General Insurance, such as Household Insurance (Home and Contents Insurance) and Private Motor Vehicle Insurance (Car Insurance), Commercial Motor Vehicle Insurance has seen rises of upwards of twenty percent. This is causing stress among Truck and Transport Operator's who are seeking to keep their Truck Insurance premiums form rising and resulting in clients and brokers, searching the market for the most competitive Truck Insurance Premiums.


Truck Insurance Underwriting Policies


Also, major Commercial Insurers have announced new Underwriting Policies with regards to types of risks being allowed and awarding of No Claim Bonus Ratings Discounts.

Allianz Truck Insurance


For example, Allianz are no longer permitting Truck Insurance for the transportation of General Cargo by Cartage Contractors.

QBE Truck Insurance


Similarly, although QBE are still allowing Cartage Contractors transporting General Cargo, they have been specifically declining Couriers.

No Claim Bonus Ratings | QBE and NTI Insurance


Both QBE and NTI have become very vigilant in requiring and verifying previous No Claim Bonus Ratings and Number of Years in Business when assessing new Truck Insurance applications. There is certainly no guarantee that anyone will be accepted for a new Truck Insurance or Transport Operator's Insurance policy.

QBE Truck Insurance | No Claim Bonus


QBE has become more stringent in requiring evidence of previous Insurance Schedules being sighted, clearly showing the previous No Claim Bonus rating, in order to obtain this Rating with new policies.

NTI National Transport Insurance



Also, NTI have been referring and declining new Transport Insurance and Truck Insurance applications based on the number of years the Insured has been in business, as evidenced by information on the Australian Business Register (ABN) Lookup website, and adjusting No Claim Bonus ratings accordingly.

QBE Transport Operator's Policy


Another significant development in the Australian Truck Insurance market, is QBE announcing last year that they would discontinue their Transport Operator's Insurance Policy, upon Renewal of current Insurance terms. This has resulted in these policies needing to be requoted for separate stand alone Commercial Motor Vehicle Insurance, Transport Operator's Public Liability Insurance and Marine Cargo Insurance policies either with QBE or alternative Commercial Insurers such as NTI, Global Transport, Allianz or Zurich Insurance.

Truck Insurance Australia


Diford Truck Insurance Australia are committed to finding the best solutions for arranging Truck Insurance, Transport Insurance, Commercial Motor Vehicle Insurance and all types of Personal and Commercial Insurance in Australia.

Truck Insurance Quotes


Contact Diford Truck Insurance Australia for your Truck Insurance Quotes. We will tailor Commercial Motor vehicle Insurance to suit your individual business requirements and unique situation.

Phone Stephen Thomas, Insurance Broker on 0487127640 or (07)30401169
Email Stephen Thomas, Insurance Broker at: stephen_thomas@difordinsurancebrokers.com



Written by Stephen Thomas, 28th March, 2018.

Comments

Post a Comment

Popular posts from this blog

Truck Insurance Quotes

Image
 Truck Insurance Quotes Truck Insurance is best accessed through a specialist Truck Insurance Broker who is able to access and compare Truck Insurance quotes from a wide range of commercial motor vehicle insurers. Coverage is available for all types of trucks from light commercial vehicles, including light rigid trucks, to heavy rigid trucks and prime movers. Depending upon the size and usage of the truck, there will be various options with a variety of Truck Insurance companies. A Truck Insurance Broker should have access to all these insurers, including deals which are only available through brokers and intermediaries, and not available directly to the public. Truck Insurance Broker A specialist Commercial Insurance Broker will be able to compare Truck Insurance quotes from all the major truck insurers on the market, with coverage available in all Australia states and territories. A Truck Insurance specialist will have access to coverage options for all types of trucks and for all
Read more

24/7 Truck Insurance | Insurance 7 days a week

Image
Truck Insurance available 7 days a week Diford Truck Insurance Australia is open for Truck Insurance Quotes 24 hours a day . Although insurers and their underwriters are only available Monday to Friday from 9am to 5pm, we are able to quote via our online quoting systems after hours. If it's early in the morning or late or night, or if you need coverage on a Saturday or Sunday, contact Diford Truck Insurance for fast tracked Truck Insurance quotes after hours and on weekends. Truck Insurance available 24 hours a day We are available for Truck Insurance Quotes 24 hours a day, via phone, email and our website. If you need an urgent Truck Insurance Quote, we can access our Online Truck Insurance Quote systems to provide you a fast quote. We have access to a number of top insurers who we can access online to compare Insurance quotes 24 hours a day , 7 days a week. Providing we can obtain online approval, we are even able to bind the policy after hours as well. Truck Insurance open on S
Read more

Comprehensive Truck Insurance

Image
Truck Insurance If you are an owner of any type of property, it is important that you are adequately insured to protect against damage and loss. This applies to buildings, contents, motor vehicles, equipment, tools and all types of assets. This is especially so if you are in business, and your livelihood depends on the usage of your property. Trucks, in particular, are valuable assets, so having adequate comprehensive truck  insurance is highly important. Comprehensive Truck Insurance Comprehensive Truck Insurance ensures that your truck is insured for damage to your truck from collision, regardless who is at fault, as well as damage to other vehicles and coverage for fire and theft as well. Often, there is not a great difference in price between comprehensive truck insurance and third party insurance.  In any event, third party insurance should only be considered for extremely low value trucks, and only if you are prepared to not not be compensated for damage to your truck or a tota
Read more