Commercial auto insurance – For your trucks and trailers
Everybody knows that for personal usage cars, insurance is compulsory according to law. But even in the case of commercial vehicles like trucks, vans, etc, insurance is compulsory and this type of insurance is called commercial auto insurance. What is a commercial vehicle? Any motor vehicle that is used for business purposes such as transporting goods, tools, services and people come under commercial vehicles. And according to the law any commercial vehicle to be driven on public roads, there is a need for insurance with specific minimum coverage. In case of commercial vehicles, the owner has more than one in use. In such circumstances insurance is given for the whole ‘fleet’ called fleet insurance or commercial auto insurance. These vehicles can either be cars, vans, trucks, etc. so what ever be the name, any business vehicle needs to be insured under some minimum coverage. The best part is that your commercial auto insurance also has the same policies that cover your personal car insurance. Some of the mandatory and optional insurance coverage includes; accident benefits, liability coverage, underinsured or unidentified motorist coverage, property damage coverage, collision coverage, family protection coverage and comprehensive coverage. Some of these are mandatory while some are optional policies that can be taken or not depending on individual preference. Thus it is illegal for commercial vehicles like trucks and vans to be driven without insurance coverage. |
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