Comparison between Public Hire and Private Hire Insurance

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Comparison between Public Hire and Private Hire
Insurance
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We are going to compare public hire and private
hire insurance as we should have clear idea of
both these insurances, but first need to discuss
the definition or meaning of public hire and
private hire insurance. Before defining lets
discuss insurance, so insurance is a means of
protection from any sort of loss it can be
financial as well.
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The insurance policy in insurance is a contract
between the insurer and the person who wants to
take insurance. It is also known as the
policyholder. There are two types of insurance
and both have their own importance.
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Private Hire
Private hire is a taxi which you book in advance.
You can also check about Private Hire Insurance
and the drivers of private hire will not be able
to pick you up unless you pre-book them. Private
hire has become very popular these days and
people are using it happily.
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Importance of Private Hire Insurance
Private hire insurance is mandatory for you
especially if you are working as a taxi driver.
Because it is common that you can face danger at
any time or anywhere instantly and for that, you
need security or protection. So therefore if you
see meet an accident then you can claim
immediately. But if you apply for the claim then
you need to make sure that you have the legal
right to cover your transport.
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Things you need to tell your insurer
You should tell your insurer clearly if you are
aware of the discounts claims or not which you
have or do you prefer any other policy? These
types of questions are those which your insurer
needs to know so that he could help you in the
best possible way.
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Public Hire
Public hire is also known as hackney carriage
or black cab.It is used for covering short
distances when you want to go somewhere. There
are orange or yellow lights on the top of the
cars and through these lights, you get an idea of
whether these cars are available or not. After
seeing these lights people book their ride.
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Importance of Public Hire Insurance
For public hire insurance, you are supposed to do
proper documentation process In which you will be
required to have a duplicate certificate of your
insurance to make sure that you have the right to
cover your vehicle against any loss or damage.
Therefore public hire insurance services are
unique and good for you.
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