Commercial auto insurance as the name suggests provides security of vehicle owned by you for business purposes. The commercial auto insurance gives one coverage for bodily injury and liability. The vehicles which are used for commercial purposes include trucks, car, buses, van and trailers.
There are different types of coverage available for commercial vehicle insurance. Some of which are mentioned below:
There are different types of coverage available for commercial vehicle insurance. Some of which are mentioned below:
Business Coverage: This type of insurance is provided for personal travelers and commercial vehicles who are getting involved in any businesses. In this type of business coverage cargo companies, auto dealers and auto services companies are not allowed to go for business coverage.
Primary/Personal Coverage: In commercial auto insurance primary coverage is included which gives one legal responsibility and cost of protection. This coverage provides protection from injury but it different from personal auto policy.
Comprehensive/Collision Coverage: Comprehensive and collision coverage includes the repair, restore and compensation of the totaled auto.
Garage Coverage: The dealers for auto’s are not covered into business coverage but they get chance to make them insured under the garage insurance coverage. This coverage includes liability coverage and insurance for garage keepers
Trucker’s Coverage: The insurance company provides truck's coverage to the truck owners, because as per motor act truck owners are required to arrange for any financial requirement in case of loss of the truck. Under this coverage the basic coverage includes bodily injury and trailer replacement insurance.
The auto insurance whether personal or business is required to have coverage due to security flaws in the system. Looking into this many insurance companies along with state agencies have made it mandatory for drivers to have insurance coverage.
Không có nhận xét nào:
Đăng nhận xét