What Speculatius Tell You About Your Insurance

The same routine every year: speculatius cookies appear on supermarket shelves long before the Advent season and remind us of the start of the Christmas season. But what does this have to do with insurance? As with the early appearance of speculatius, fleet managers should also consider their insurance early.

Early insurance check for the fleet

Insurance contracts are often complicated, and many don’t care until it gets urgent. But planning ahead, especially with regard to your fleet insurance, can save you trouble and costs in the long run.

Current fleet insurance trends

Times are changing—and faster than ever. The car fleet lists six current fleet insurance trends:

• Telematics: Many providers use telematics to monitor vehicle data and improve driving behavior, which can result in lower insurance premiums.
• Electromobility: new products and tariffs take into account the specifics of electric vehicles.
• Cybersecurity: As vehicles connect, cybersecurity becomes increasingly important. Insurance providers are therefore developing special solutions for fleets.
• Sustainability: Sustainable fleets have environmentally friendly insurance products.
• Flexibility: Insurance offers increasingly customizable rates to meet individual needs.
• Automation: Automated insurance processes accelerate claims processing and increase efficiency.

Special features of electric vehicles

The fleets have changed: in addition to gasoline and diesel vehicles, more and more electric vehicles are on the way. These bring new requirements not only in terms of driving range and anxiety, but also in terms of insurance. To avoid unpleasant surprises, check your electric vehicle coverage. Keep the following points in mind:

• Battery insurance: special policies cover damage to the expensive battery.
• Charging infrastructure: check for damage to charging facilities.
• Repair costs: electric cars can incur higher repair costs; adequate insurance coverage is important.
• Driver training: electric cars require special training for drivers.
• Maintenance: insurance should cover maintenance costs for electric vehicles.
• Range: damage due to low battery charge should be insured.
• Charging accidents: risks such as fire hazards at charging stations must be covered.
• Special rates: some suppliers offer customized rates for electric vehicles.

Conclusion

Just as the early release of speculatius reminds us of the upcoming holiday season, regular review of your fleet insurance should be part of your long-term planning. Acting early can help save costs and avoid problems. Contact us!

Reference: Car Fleet, Fleet Insurance – These are the current trends in the fleet.