The number of minibuses and minivans used for business purposes has steadily increased in recent years. Many organizations and individuals are buying minibuses to help them in their business. This is why many countries around the world have established strict rules that require you to purchase minibus insurance to use these vehicles for commercial purposes. In this article I am going to provide an idea about the types of minibus insurance and how you can get a better quote on your minibus insurance policy.
Before I go into details about insurance, let me first explain what kind of vehicles fall into the category of minibuses. According to the latest definition from many governments around the world, any vehicle that has a capacity to carry nine to sixteen passengers is called a minibus. If the vehicle has a higher passenger carrying capacity, then the owner must take out a different type of insurance policy. As with any other policy, the minibus insurance policy basically has three types, which is the comprehensive policy which is an all-inclusive insurance policy. This covers almost all risks, including fire, accidents, vandal damage, theft, and civil liability as well. This is probably the most popular type of minibus policy currently available on the market.
The second type of policy is limited to the liability insurance policy. This is suitable if the owner already has vehicle insurance and plans to use the minibus for business purposes in the future. This policy is the minimum need if the minibus is used for business purposes. The third type of policy includes the auto insurance policy, which covers risks such as fire, theft, and accidents.
Many companies have created special insurance policies for minibuses. This classification is based on the purpose for which the minibus is currently used. The first type of policy is the multipurpose minibus insurance policy. This policy covers passenger injuries, cargo damage, or theft or loss. This is the preferred policy among many minibus owners. The second type of policy is the taxi or shuttle operation policy. This policy is cheaper than the multi-use policy, but offers coverage only for passenger injury or death of a passenger.
The following types of policies are based on the number of vehicles you own, if the owners or organization owns more than 2 minibuses, they can opt for a fleet insurance policy. This is a single policy that provides comprehensive coverage for all vehicles owned by a single owner.