PolicyPlan ‘Courier Van Insurance’ – are you insured?

A few words of warning about the popular PolicyPlan ‘Courier Van Insurance’ policy offered by many brokers, including Coversure and Business Choice Direct, The policy is managed by PolicyPlan Limited, PolicyPlan is an appointed representative of Staveley Head Limited. These policies have been worrying me for a while now and I really don’t think I’ve made enough fuss about it.

Put simply, if you have a PolicyPlan ‘Courier Van Insurance’ policy it appears to me that there’s a good chance that you’re driving completely uninsured if you carry some completely innocuous goods which same day couriers are often asked to carry. That’s uninsured for motor risks – not just for Goods In Transit.

The PolicyPlan ‘Courier Van Insurance’ policy is a joint Motor/GIT policy and they’ve carried all the common GIT exclusions over to their endorsement ME21 (or ME21a) which renders the whole policy void (including compulsory motor insurance) if you carry certain goods. Worse still, the list of goods you’re not allowed to carry has obviously just been copied from the common exclusions on GIT policies aimed at hauliers, rather than same day couriers.

So, while it might make sense for the insurer to limit their GIT liability in the case of a whole artic load of mobile phones, computer chips, or even shoes, this whole policy (including compulsory third-party motor insurance) is completely invalidated by a courier delivering a single mobile phone, laptop, hard-drive or a book of stamps. Really.

Goods which you’re ‘forbidden’ to carry under the policy include: Read More…

Posted under Courier Financial Issues, Insurance for Couriers

Posted by Alec at 10:13 am, May 31, 2018