A first for the HCV market: Truck hire

Curtis Davey, Managing Director at Natsure.

Natsure HCV & Commercial announced today that they are now able to offer Truck Hire as part of their HCV product offering. This option will provide a fleet owner with a replacement Truck -Tractor for a period of 30 days whilst the fleet owners damaged vehicle is in for repairs after an accident.

The cover will not replace the loss of use cover which is still available under their existing Heavy Commercial Vehicle policy. Loss of use cover, which primarily provides compensation for income lost, due to an accident is not always sufficient to cover the rental of a replacement vehicle and this could leave the insured with a possible shortfall or could even cause the loss of a contract due to the insured not being able to fulfil his obligations, says Natsure HCV Managing Director, Curtis Davey.

This new value add to the product bouquet is suited to smaller fleet owners, 5 trucks or less, as all the vehicles are constantly on the road leaving the insured without a backup vehicle in the event that one is damaged. This cover will give the insured piece of mind should these unforeseen events happen.

The product would also be typically suited to owner drivers as the Truck Tractor is the only source of income generation which could also cause the owner to lose a contract due to non-delivery.

We are very excited about this new initiative and we believe that this will be a great value add to any transporter and for an intermediary trying to find solutions for the smaller truck owners, says Tersia Davey, Natsure Director.

If you would like more information about this cover, contact Natsure HCV on 0861446800.