Although it is required by law that people insure their heavy goods vehicles (HGV) or any other type of vehicle, people often object to it costing as much for the insurance as it does. After all, it isn’t as if there are any hgv insurance perks, you either have cause to make a claim or you don’t but although many object to the cost of the insurance, those that have had cause to make claims, have been glad that they had the insurance. Insurance started as early as 2000BC in both China and Babylon when merchants would agree to a high rate of interest on loans they received in order to ship their goods, provided that, if the goods were lost at sea, the loan at least would be cancelled. Unfortunately for those merchants that did lose their freight, the insurance only meant that they did not have to pay back the loan, they still received no compensation for the cost of the freight that was lost. Nothing changed in this area of finance until the days of the renaissance when Genoa merchants convinced rich land owners to insure their freight, at a cost of course. This soon became a more widespread activity and prompted Edward Lloyd to open a coffee house in London for the sole purpose of being a place where merchants and land owners could meet and to discuss mutual agreements. A few years before the coffee house opened though, due to the great fire of London destroying over 1300 buildings, new home owners were offered the opportunity to have their homes insured, an offer which records show, at least 500 accepted. Some people have said that although any insurance may be relatively high, it is worth it for the peace of mind that it provides and that it is a cost that they hope that they do not receive back as, in order to make a claim, usually something bad must have happened.
With insurance now being a multi-billion dollar industry, there are insurance companies located throughout the country and they are all thriving. Each company though, will usually have their own policies which they provide at their own prices. This means that when you come to need HGV insurance, you will have a multitude of different policies to choose from, so many in fact that it can sometimes create a dilemma as to which is the best to choose for your own specific needs. To make this dilemma a little easier to solve, many HGV owners are turning to specialist insurance brokers to give them assistance. These are brokers that specialize in HGV insurance and so they know all the best policies offered by a variety of insurance companies. As they are already aware of all the different policies on offer, on the internet, they offer a service where they can quickly give an HGV owner an accurate and comprehensive quote for a suitable policy for that owner, relieving them of any dilemma.