WHO CAN PURCHASE MOTOR FLEET INSURANCE?
If any business expands, organizations tend to buy more vehicles and every vehicle is generally separately insured. Motor fleet insurance is an amazing way to insure multiple vehicles. It is managerially simple and cost-effective.
Any of the following can purchase motor-fleet insurance:
- An individual owning more than one cars
- An organization operating multiple vehicles for internal operations
- A transport organization; i.e. taxi services, commercial transporters, etc.
- Any other business or individuals owning more than one vehicle for a single purpose.
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Case Study related to Motor Fleet Insurance
Suneel owns five small cars for his ‘taxi on hire’ business. Due to an accident at his garage, two of his cars were damaged. He had separate insurance for every car. After the accident, he had to waste a lot of time to get his claims settled with different insurers.
At the time of claim settlements, he met another businessman Ravi. Ravi also owned a group of vehicles for his business but had opted for motor fleet insurance and it saved a lot of time for him as he only had to contact a single person and company.
Ravi explained to him the advantages linked to motor fleet insurance and later, Suneel realized that Motor Fleet Insurance is easy to manage and cost-effective as well.
Who can Purchase Motor Fleet Insurance?
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