What You Should Know About Commercial Auto Insurance
Using your car in making small errands here and there makes it a good candidate for a commercial auto insurance. This kind of insurance is proper in this case because a personal auto insurance will not be applicable due to the nature of the car’s use. Insuring your car will help save you from more financial loses that you might shoulder if it gets into an accident. This article will provide for a short discussion about commercial auto insurance and the ways and means on how to go around in getting one.
Similar to a traditional personal auto insurance, a commercial auto insurance will still cover the repairs or replacement of the car that was damaged due to an accident as well as the cost of any third party claims. The kinds of coverage available for this kind of insurance is private and sporadic business use, the private and business use and the commercial coverage. The first one includes the occasional use of the car for business purposes. It can be availed of just as long as the car is not registered as a business auto neither does it represent part of the business income. The second kind covers the use of the car in the ordinary course of business by the company driver or any driver for that matter. The last kind of coverage is when the car used is the company driver’s car but uses it for the business. Similar to this is the “non-owned auto” provision of the insurance policy which should be taken note of when company staff uses their personal cars in line with the business and their respective work. This includes even the business owners car.
One of the simplest ways to get an auto insurance is through the insurance company’s website. However, be sure that you have first made your research and have complete documents needed in your application such as the license number of the car, drivers license of each driver, driving history, and the like together with the vehicle registration number and the model and make of the car that will be used. Do not forget also to secure quotations from all insurance companies in order for you to choose which one is giving you the best deal for your money.
You can still save money even if you have an auto insurance and that is by getting discounts by taking out several insurance policies with only one insurance company. If you do not have a car yet, and an auto is needed for the business, try getting one that insurance companies do not charge high premiums for.