Fleet insurance refers to five or more motor vehicles being covered under one vehicular insurance policy. This makes the insurance policy simpler and easier to handle for the owner of multiple vehicles.
When the number of motor vehicles covered by the collective insurance policy is less than five units, the policy is called mini fleet insurance. In the mini fleet insurance set up, a combination of various types of motor vehicles such as cars, vans and motorbikes could be covered.
Owning an automotive company is not a requirement to take advantage of mini fleet insurance policies. As long as all the motor vehicles are registered under one name you may apply all your four or less units for mini fleet insurance coverage.
When considering buying a mini fleet insurance policy you would be wise to survey the internet market for options. This will enable you to make an intelligent decision on what mini fleet insurance company to purchase from. The cost of the mini fleet insurance package will largely depend on the number and types of vehicles you want insured.
Mini fleet insurance set up grants motor vehicle owners the economy of time and expenses. In contrast to handling multiple policies, you will save much valued time in handling the renewal process and payment of only one policy of your mini fleet insurance. This will make your life simpler and allow you to focus on more pertinent matters with regards to your other businesses and priority concerns.