What Type Of Insurance Do You Need For Your Taxi?

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What Type Of Insurance Do You Need For Your Taxi?
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If you are working as a taxi driver, a regular
vehicle insurance policy is not enough to protect
you, your customers and your car. Taxi insurance
is a specialist vehicle insurance policy designed
to cover cars used for commercial hire. Even if
you are driving a taxi to earn a living, it is a
legal requirement to have a valid taxi insurance
policy.
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What type of specific insurance policy you
require is based on what type of taxi you are
driving
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Private Hire Taxis
Private Hire Taxi Insurance is essential for
drivers driving private hire vehicles. It does
not allow drivers to pick the passengers without
a booking. A private hire taxi needs to be
pre-booked in advance. Private hire taxis usually
include minicabs, vans, and also multi-purpose
vehicle (MPV).
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You do not need to pre-book a public hire taxi,
in fact, these taxis can just be hailed down by
customers with a taxi sign displayed by the
driver. They are also known as black cabs. Only
public hire taxi insurance will make you able to
pick customers up without a booking.
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Who Can Get Taxi Insurance?
Many taxi insurance providers will only offer
cover if you have lived in the UK for at least
five years, have a valid driving licence for at
least three years, work as a full-time taxi
driver with no other jobs, must be aged above 21
years and had taxi badge for at least 12 months.
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You may need to pass a test of DVSA (Driving
Vehicle Standards Agency) depending on your local
council.
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What Cover Do You Need?
Just like the standard motor cover, taxi
insurance offers the same three levels of
protection such as third party only, third
party, fire and theft as well as fully
comprehensive cover. The level of cover you may
get can be restricted by the area youre working
in. Check your policy carefully, as some policies
only offer fully comprehensive cover if youre
registered in certain areas. You may consider
other policy options specific to taxi insurance
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Public liability insurance
This type of cover protects you if a customer
suffers a personal injury or property damage
sitting in your taxi. As a result, the insurance
policy will cover any legal or compensation
claims that occur as a result.
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Unlimited Mileage
you may be driving a large number of miles every
year as a taxi driver, an unlimited mileage
policy will make you sure that you wont be
charged for driving extra miles.
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