Delivery Van Insurance Singapore
The delivery van is a goods vehicle which has to be covered under a commercial vehicle motor insurance policy in Singapore.
Although there are people who install sofa seats in the cargo decks of delivery vans, it is important to note that delivery vans are not meant to be used like cars or passenger vehicles.
The cargo deck of a delivery van is designed to carry goods, not passengers.
Self installed sofa seats are actually very dangerous for passengers as it will put passengers’ lives at risk.
Insured Delivery Van Usage
It is also important to note that if the insured vehicle usage for a delivery van does not include carrying passengers who are not employees of the Policyholder, ferrying family members and friends who are not employees of the Policyholder will be subjecting them to risk, because the motor insurance coverage does not cover them.
The insured usage of a vehicle is typically stated in the Limitations as to Use section of the Certificate of Insurance.
At elloAuto, we connect you to licensed representatives who can advise you on delivery van insurance and get quotes from multiple insurers in Singapore.
With this service, you don’t have to search for quotes on your own and the process of getting your vehicle insured will also be simplified as much as possible.
Delivery Van Insurance Any Driver
In general, commercial vehicle insurance for delivery vans registered under a business do not require named driver(s).
Authorized drivers of the policyholder will be covered as long as they observe and fulfill the terms of the commercial motor insurance policy.
For young drivers and / or inexperienced drivers with less than 2 years of driving experience, many insurers impose an additional excess on top of existing policy excess to mitigate the risk.
The age definition of young drivers differs from insurer to insurer but in general it is around 26 years old and below.
Similar to private car insurance policies, commercial van insurance is typically available in 3 types of coverage.
Not specific to motor insurance plans from any insurer, the scope of coverage is generally as follows:
Comprehensive Cover
Third Party liability coverage + Fire and Theft coverage + Own Damage coverage
Third Party, Fire and Theft Cover
Third Party liability coverage + Fire and Theft coverage
Third Party Cover
Third Party liability coverage only
The Comprehensive Cover typically has 2 variants – one plan that lets policyholder choose any preferred workshop for accident repairs and another plan that lets policyholder select from a list of authorised workshops for accident repairs.
Exact coverage definitions and details will differ from insurer to insurer and is subject to its policy terms, conditions and exclusions.
Not specific to motor insurance plans from any insurer, this is what each type of coverage might cover:
- Third Party liability coverage – Expenses which insured party is legally liable to pay for death or injury to third party and / or damage to third party property.
- Fire and Theft coverage – Accidental loss or damage caused by theft or fire, up to market value at time of loss / damage.
- Own Damage coverage – Accidental loss or damage by other insured causes.
For exact coverage definitions specific to your motor insurance, do refer to its policy wordings for accurate reference.
Commercial Vehicle Insurance Companies
elloAuto connects you to friendly and professional representatives who can advise you on delivery van insurance from various commercial motor insurers in Singapore:
AIG Asia Pacific Insurance Pte Ltd
Allied World Assurance Company Ltd
AXA Insurance Singapore Pte Ltd
China Taiping Insurance (Singapore) Pte Ltd
ERGO Insurance Pte Ltd
First Capital Insurance Ltd
India International Insurance Pte Ltd
Liberty Insurance Pte Ltd
MSIG Insurance (Singapore) Pte Ltd
NTUC Income Insurance Co-operative Ltd
SOMPO Insurance Singapore Pte Ltd
Tokio Marine Insurance Singapore Ltd