They will then make funds available when drivers claim after an incident.Įach insurance provider will also have an amount known as an “Excess”, which is the amount you will have to pay towards any claim you make. To do this, insurance providers require drivers to pay an annual amount, in one go or in monthly instalments. 4 Things Your Taxi Insurance Should IncludeĮach vehicle on the UK roads needs to have insurance so that in the event of an accident, a fire, theft or vandalism repairs can be made, or the vehicle can be replaced.
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