Alternatives to own damage insurance
Do you want to reduce your fleet costs? Then it’s worth thinking about alternatives to traditional fully or partially comprehensive insurance. Our alternative insurance concepts with a similar level of cover eliminate insurance tax and the broker commission.
Our alternatives to own damage insurance
Risk Retention Risk retention offers you similar cover to own damage insurance – but at a considerably lower cost and with automatic GAP protection. Claims handling and transparent reporting for your risk management are included.
Own Damage Fund It can make economic sense for operators of larger fleets to pay the costs of own damage themselves rather than paying for it in the form of insurance premiums. You pay contributions into an own damage fund and the money in the fund is used to pay your damage repair costs. When you opt for an own damage fund, we organise your damage repairs in addition to handling all claims.
Own Damage Fund Plus The Own Damage Fund Plus service comes with all the benefits of an own damage fund, plus additional cover against various major risks. You can insure against specific natural events so that damage caused by the insured natural events has no impact on your balance sheet. Or you can define a total amount of damage repair expenditure per year and are still covered if you exceed that amount.
Would you like to know more about own damage insurance alternatives?
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