LV Taxi Insurance Review

lv taxi insurance review

Since 1843 the LV taxi insurance reviews have been conducted to help the public know how this insurance company can financially protect the property of UK residents. The taxi coverage by LV( London Victoria)  is listed on their website as Hire for Reward.

What does LV taxi insurance cover?

The LV taxi or hire and reward coverage is in addition to the standard motor vehicle coverage. This includes one of the following; Third Party, Third Party Fire and Theft and Comprehensive. From the LV website protection for your passengers in addition to what is standard on the policies is only included for those that have comprehensive coverage. 

These additions include up to £1,000 protection for the personal items of your fare paying passengers. The damage can be caused by an accident, fire or theft of the vehicle. Your passengers will also be reimbursed if their items are damaged if your taxi is being towed and damage occurs.

Medical coverage for your passenger includes the compulsory Emergency Medical Treatment plus an additional amount of up to £100.

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What are the requirements to meet for LV taxi insurance?

  • Operators of the taxi must be at minimum 23 years of age.
  • Vehicles must be able to carry at a minimum 4 passengers with a maximum of 16.
  • All vehicles must be registered or licensed by either the UK Department Of Transport or local authority.

Special features offered by LV Taxi Insurance and the brokers used to cover the policies that are issued.

  • Public liability coverage up to £10,000,000 when a third party property is damaged.
  • Legal expenses up to £2,000,000 in costs and expenditures.
  • Coverage for up to £250 when meters and other data equipment are damaged in an accident or fire.

There is also optional coverage so any driver, named or unnamed in the policy will be covered when they are operating the taxi as a Hire and Reward service to the public.

In Conclusion

The LV taxi insurance is made to cover any size vehicle that transports people for hire and reward from 4 to 16 passengers. This type of policy is designed to work in conjunction with your standard coverage required by UK law. That minimum coverage under UK law is Third Party. The most complete coverage is a comprehensive policy for the best protection from your Hire and Reward policy for both you and your passengers.

If you are in the market for taxi insurance start the groundwork by using comparative sites like Go Compare plus sites like InsureMyTaxicab that focus entirely on providing comparative quotes for taxi drivers chauffeur insurance. Also spend some time going direct to brokers, some of which do not appear on comparative sites take Aviva taxi insurance as an example.

Compare Taxi Insurance

Protect your taxi today. Compare quotes from multiple brokers.