Taxi insurance is a safety cover for taxis. The frequency of road accidents has risen like never before. In such a dangerous scenario, cab drivers and the cab are both at high risk since all their working time is spent traversing the high traffic ridden roads. In 的士 case of accidents, taxi insurance provides different kinds of covers like road damage, car damage, third party damage, passenger injury cover and legal cover. Taxi owners can choose covers that they feel they are most likely to use. Taxi insurance is a safety net for taxis and their drivers.
The answer to this question is the same as for the question regarding necessity of insurance for a private car. In case of taxis, the risk is more pronounced because taxis are more exposed to the risk of accident and damage on the road. Further, passengers cannot be held responsible to pay for damage if they are in the taxi when the accident occurs. The entire monetary burden falls on the shoulders of the taxi owner. Taxi insurance provides cover in times of accidents. It provides monetary relief to taxi owners by covering for various damages. Lawsuits cause major expenditure if the other party involved in the accident files it against the cab company. Since lawsuits take time and money, having an insurance to fall back on can be a huge respite in scorching situations.
Auto insurance is of two types – private hire insurance and public hire insurance. Private hire services are services where the taxi transports passengers only if they have booked beforehand. Public hire services are the services where the taxi may be booked in either advance or hailed off on the road. Insurance is provided for both these kinds of taxis services. In general, private taxi hire insurance is cheaper than public hire insurance. The insurance policy has to be chosen keeping in mind the kind of services that the taxi company mostly provides.
Many taxi companies have more than one vehicle. In order to save costs, insurance can be taken for the whole taxi fleet instead of a single insurance for each taxi. However, insurance companies have limits while giving fleet insurance like the minimum number of cars. Although the monthly premium for fleet insurance is more than that for a single taxi, it is less than the sum of all the insurance policies of individual taxis put together. Therefore, they turn out to be more cost-effective.
Taxi insurance can be found with all major insurance companies. You can also look for auto insurance online. However, before buying a policy, you have to consider several factors like your budget, kinds of covers that you will require, the condition of the place where your service operated and the expertise of your drivers. Taxi insurance is the most important safety feature for a taxi company and as such, its significance should not be neglected.
Taxi services are a common way to travel through Israel. There are many benefits to using a taxi as your main transportation method when you visit the country. Some of these benefits include affordability, comfortable cars, frequent arrivals and departures and easy to locate. There are two different types of taxi service which are currently available in Israel and these two types will be discussed below.
When most people think of a taxi they think of the special taxi. Also known as a private taxi, the special taxi in Israel will pick up you and only you (and your friends if you so desire) and then transport you to your destination. The special taxi runs on a meter, as required by law, and has a price scale which makes payment issues much less common. When you get into a special taxi you can rest assured that you will only pay what the meter registers, no more and no less. The special taxi is easy to spot on the road as it is a bright white color with orange numbers which show the taxi registration number. If you need to get a special taxi, simply catch one on the street that drives by or call ahead. Your taxi driver may even provide you with a glimpse into the city but make sure that they are registered with the Ministry of Tourism (ask to see ID/photo badge) if they try to give you a full tour of the city.
The service taxi known as a monit sherut is a larger taxi which carries many people at once. These taxis are typically minibuses and can hold around 10 people on average. The monit sherut will drive around town picking up passengers as it goes. Since it is a larger vehicle and money needs to be made along the way, the monit sherut driver will usually wait a while until their bus is full. This may take a ½ hour at times so if you are in a crunch to get somewhere, it may be wise to settle on a special taxi. On the bright side, you are often able to find a monit sherut at all hours of the night which is great for those night owls. Service taxis are prevalent in most of the main cities such as Eilat, Haifa, Netanya, Nahariya and more. If you are hoping to travel on the holiday, keep in mind that service taxis often operate on these days. The monit sherut provides an affordable option and is the less expensive of the two taxi services.
Both the special taxi and service taxi will get you from your location to your main destination. It is just a matter of whether you want the privacy of the special taxi or the affordability of the service taxi. Also keep in mind where you have to go and what time of day you are traveling to your destination as this could make a difference as to which taxi service you choose to use.