Types of HGV Insurance Policies

HGVs, or Heavy Goods Vehicles, as the name suggests are large vehicles, usually trucks which are used in order to carry large quantities of goods for delivery purposes. These HGVs are the primary means to transport items in bulk through land. This is an acronym which is more familiar and wildly-used in European countries, but are nevertheless, still used across the world for this particular purpose. When it comes to its acquisition, one of the important things needed would be an insurance, which is why you may want to Compare Cheap HGV Insurance that different companies would offer. While price is a factor you may be tempted to use as a primary consideration, the reality is, the type should also be kept in mind as well. The following are the types of truck insurances which you can choose from.

TFPT (Third Party, Fire and Theft Truck Insurance)

Third party issues which you may encounter while using the truck, such as accidents are covered here. What sets it apart from the TPO type which would be discussed further below is that fact that damage to the HGV Truck as a result of theft, as well as the damage caused by fire, and the actual theft of the truck itself is covered by this insurance.


In a more specific sense, TPO, or Third Party Only Truck Insurances cover injuries incurred and liability to other people concerned in cases of passengers. Damage to third party as well as the liability which is incurred by towing a trailer or caravan. The difference between this and the former type is the lack of coverage for fire and theft.


As the name suggests, CTI, or Comprehensive Truck Insurance covers all of the provisions of the previous insurance types named. Apart from that, their coverage extends to Windscreen Cover, Personal Effects, and Medical Expenses.