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Wellington Combined

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Wellington Combined Taxi Insurance

Welcome to Gerrard’s your trusted partner in comprehensive taxi insurance services in New Zealand. We’re excited to introduce our exclusive insurance package specifically designed for Wellington Combined Taxi operators. Our focus is on offering tailored, cost-effective solutions that meet the unique needs of your taxi business.

Benifits of our Wellington Combined Taxi Insurance

Loss of Use Coverage

Coverage that helps when your vehicle is unusable due to an accident. It covers the cost of a temporary replacement vehicle, so you can still drive even whilst your vehicle is out of action.

Taxi Equipment Insurance

Coverage for the cost of removing and refitting equipment after a total loss claim. Included, up to $3,000.00. Please inform us of your equipment service provider for coordination.

Window Glass Nil Excess

Full coverage for window glass without any excess.

Cover for all Wellington Combined Taxi Drivers

While our policy typically requires naming individual drivers, we offer a blanket cover for all Wellington Combined Taxi Drivers, surpassing the usual policy limits. Non-Wellington Combined drivers must still be named.

High Liability Cover

$25M to fully meet and exceed airport requirements.

Flexibility in Choosing Repairers

You have the freedom to use your preferred repairer, ensuring quality and trust in the services you receive.

Essential Insurance Covers for Taxi Driving

Taxi Vehicle Insurance

Protects vehicles used for taxi. It covers accidents, damages, and injuries related to the vehicle while it’s being used for taxi driving and personal activities.

Best For
  • Repair costs
  • Third party damages
  • Injuries 

Loss of use

Coverage that helps when your vehicle is unusable due to an accident. It covers the cost of a temporary replacement vehicle, so you can still drive even whilst your vehicle is out of action. 

 

Best For
  • Temporary vehicle
  • Reimbursement expenses
  • Accident downtime

Taxi Driving Business Claims Examples

To understand the significance of these covers, consider the following examples.

Crash into another car

A taxi driver, while navigating through heavy city traffic, accidentally rear-ends another vehicle at a stoplight. The impact damages the taxi’s front bumper and the other car’s rear. The taxi driver files a claim for the repair of their vehicle and the third-party damage.

Car scrapes a building whilst reversing

During a routine drop-off, a taxi driver misjudges the distance while reversing and scrapes the side of a building, causing paint damage and minor dents to the taxi. The driver files a claim for the repair costs of the vehicle and any potential property damage to the building.

Car smashed into by a third party

While parked at a taxi stand, a taxi is hit by another vehicle that loses control. The impact causes significant damage to the taxi’s side doors and frame. The taxi driver files a claim for the extensive repairs needed, relying on the insurance to cover the costs caused by the third-party.

Car is stolen

A taxi parked overnight in a public area is stolen. The driver reports the theft to the police and files a claim with their insurance for the stolen vehicle. The insurance process includes verification of the incident and valuation of the taxi for compensation.

Damage due to extreme weather

During a severe hailstorm, a taxi driving outside suffers multiple dents and broken windows due to the hail. The taxi driver files a claim for the repair of the weather-related damages, including bodywork and glass replacement.

What to Watch Out For With Taxi Insurance

When considering taxi insurance, it’s crucial to be aware of certain aspects that can impact your coverage and costs. Here are some key points to keep in mind:

  • Exclusions in Policy: Understand what is not covered. Certain scenarios or types of damage may be excluded from your policy. It’s essential to know these exclusions to avoid surprises during claims.

  • Correct Vehicle Classification: Ensure your vehicle is correctly classified as a taxi. Incorrect classification can lead to issues with claims or even policy invalidation.

  • Driver Restrictions: Be aware of any restrictions on drivers, such as age limits, driving history requirements, or specific endorsements needed. Violating these terms can void coverage.

  • Policy Limits and Deductibles: Know your policy limits and deductibles. Higher limits offer more protection but usually come with higher premiums. Similarly, opting for a lower deductible can increase premium costs.

  • Reporting Obligations: Stay informed about your duty to report any changes in driving records, vehicle modifications, or operational changes. Failure to report such changes can affect your coverage.

  • Regular Policy Review: Insurance needs may change over time. Regularly review your policy to ensure it still meets your business requirements and make adjustments as needed.

 

How Much Does Taxi Insurance Cost?

The cost of taxi insurance can range between $1,500 and $3,500 annually. It is influenced by several factors:

Type and Age of the Taxi

Newer, high-end models or larger vehicles generally cost more to insure due to their higher value and repair costs.

Driver’s Age and Driving Record

Younger drivers or those with a history of accidents or traffic violations typically face higher premiums. Insurance companies see these drivers as higher risk.

Coverage Type and Limits

Opting for more comprehensive coverage or higher liability limits will generally increase the cost of the policy.

Insurance History

Gaps in insurance coverage or previous claims can impact the cost of future premiums.

Claiming on Your Taxi Insurance

At Gerrards, we understand the importance of efficient and effective claim handling. As your insurance broker, we serve as your advocate, managing all interactions with the insurance company on your behalf:

  • Direct Liaison with Insurers: We communicate directly with the insurance company, ensuring your claim is processed promptly and fairly.
  • Expert Advocacy: Our expertise in insurance allows us to effectively advocate for your best interests throughout the claims process.
  • Simplified Communication: You only need to deal with us – we’ll handle all the complex interactions with the insurance company for you.
  • Effortless Process: Just report the incident to us, and we’ll take care of everything from there, from claim filing to follow-ups.

Our role is to simplify your claims experience, ensuring you receive the benefits you’re entitled to without the stress and time investment typically involved in dealing with insurance companies directly.

Buying Taxi Insurance

Getting taxi insurance with Gerrards is quick and hassle-free:

  • Apply Online: Simply click this link to access our straightforward online application form.
  • Call us: Dial 0800 374 691 and one of our team members will get you a quote. 
  • Email Us: Reach us on email at contact@gerrards.co.nz. 

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