Instead, they drag their feet, forcing you to wait for a payout.The Alarming Numbers You Need to Know
To begin with, a new report reveals that theft from vans is draining a staggering £264 million every single year.
Even worse, a study commissioned by van-insurance company Honcho discovered that each van break-in costs tradespeople an average of £5,584.
As if that weren’t alarming enough, thieves break into a van somewhere in the UK every 23 minutes.
Some Insurers Respond Fast — Others Don’t
So what does this really mean for you?
For starters, while some insurers act quickly — often providing 24-hour replacement services for stolen tools — so van drivers and tradespeople can return to work almost immediately, others simply don’t.
Instead, they drag their feet, which means you’re left waiting for a payout.
Consequently, as the delays mount, you’re forced to watch valuable jobs — and crucial income — slip away.
The True Cost Of Delays
Unfortunately, the impact doesn’t stop there.
On average, these delays can put a tradesperson out of work for roughly an entire month.
Worse still, if you’re a sparky or a plumber and thieves hit your van, you could lose nearly two months’ wages just replacing the stolen tools.
Clearly, the financial hit can be devastating.
Shocking Gaps In Cover
But here’s the real shocker…
Despite the risks, 89% of van drivers still skip full cover for goods stolen from their vehicles.
In addition, 84% go without a courtesy van in their policy, leaving them stranded when theft strikes.
What You Can Do Right Now
So what should you do now?
First of all, it’s essential to strengthen your van’s in-vehicle security.
Therefore, consider installing lockable storage boxes and reinforced locks on every entry point.
Moreover, if your existing policy doesn’t include these crucial extras, it’s definitely time to shop around.
After all, choosing a comprehensive new van-insurance policy could save you weeks of downtime — and protect you from an even bigger financial loss.