Here at Nova Insurance, we provide worry-free and no-fuss HGV insurance. If you were wondering what exactly HGV insurance is, this article will explain everything you need to know.

Definition.

The term “HGV” refers to a heavy goods vehicle, which is essentially any lorry with a gross weight of 3.5 tonnes or more. Most HGVs have more than two axles and require the driver to have a special or upgraded driver’s license.
HGV driver’s licenses need to be renewed at five year intervals and the holder must also have a Certificate of Professional Competence (CPD), which shows that they have completed all the necessary tests and a certain
number of training hours. Your HGV insurance policy can include named drivers only or you can opt to
have cover for any driver over the age of 25. If you use your HGVs for commercial purposes, they will need to have HGV insurance.

What does my HGV insurance policy cover?

Nova Insurance fully understand that you depend on your HGV for your livelihood and, as such, our policies cover this as far as possible. We offer two kinds of HGV insurance: third-party, fire and theft and comprehensive.

Third-Party HGV Insurance.

A Nova Insurance Third-Party HGV policy will cover you for fire and theft. In addition, you will have cover if you damage another vehicle or it is written off. It also covers damage to property, any injuries to others involved in the accident, and damage as a result of theft.

Comprehensive HGV insurance.

As the name suggests, comprehensive HGV insurance policies provide additional cover. Over and above fire, theft and damage to other vehicles and property, your comprehensive HGV insurance policy will cover you for repair of your own vehicle. Also included are any towing costs, return of your HGV after it has been stolen, changing locks and replacing of keys. At an extra nominal cost, we can also include public liability protection, breakdown cover, hazardous goods cover, cover for driving in Europe, and legal cover. You may also specify cover for any trailers, even when they are not attached to your HGV and are stored in your depot.

How much can I expect pay for my HGV insurance?

As with all types of insurance, the amount you pay for your HGV insurance will depend on various factors.
The easiest way to determine your HGV insurance premium is to visit our website and to obtain a quick quote for HGV insurance (https://www.novainsurance.com/business-insurance/hgv-insurance/). Your HGV insurance premium will be influenced by how often your vehicle is out of the UK, the business in which it operates, and whether or not it has a telematics device. If your HGV is normally parked in a secure facility when not on the road, this can help to reduce your premium. Other excellent ways to decrease your HGV insurance premium could be to obtain an advanced driver qualification and to increase your voluntary excess amount.