NLIC.org

Jenny Said:

CARGO VAN COMMERCIAL INSURANCE?

We Answered:

No way of knowing, it's going to depend on which coverages are on which policy.

One thing I'd recommend checking, is how that cargo van is classified. The cheapest rate, is SERVICE use. But if it's really service use, it's probably cheaper to insure it in your personal name.

Jack Said:

I have a 1999 Plymouth van and want to start a courier business. Is commercial insurance expensive?

We Answered:

Yes, if you're NOT going to residential homes, the liability alone on it usually runs about $4,000 a year. If you go to residences, dropping off or picking up, it's closer to $6,000.

Plus, as a public carrier, you're subject to PUC filings - and will be REQUIRED to have cargo coverage (there might be a few exceptions in some states that I don't know about). The cargo policy will start at $1,000 including your PUC filing.

All this, assuming you're working in under a 25 mile radius, and not crossing a state line.

You can't do this on a private passenger policy, as it's excluded under every pp form I've ever seen.

Agnes Said:

Pickup Truck insurance at age 18?

We Answered:

Pickup trucks generally do not cost very much in insurance.

Greg Said:

In NJ, is it mandatory to have your spouse on your auto insurance policy?

We Answered:

You have to inform the insurance company of all licensed drivers who reside in your household. You can either choose to have them covered, or excluded from coverage.

Talk to your agent to see what the cost difference would be. If he has a problematic driving record, it may be a good idea to exclude him from your policy.

Eleanor Said:

Van insurance for UK based 19 year old DJ?

We Answered:

Try Kwikfit. They insured my Citroen van for social, domestic and pleasure, although I used it to collect stock from the cash and carry for my wifes business, but as the goods were in effect my personal property there was no loading on the policy.As for his age, don`t know what they would charge, but try them at the end of the month when they are trying to make their bonuses, you`ll get a good deal.