Types of Commercial Vehicle Insurance

2007-03-08 10:33:40

( Insurance )



Having a commercial vehicle is very important to most businesses. A lot of businesses depend on their vehicles for transportation of their products to their customers or to another location. Remember it is illegal to take out a vehicle without any kind of insurance.

You can avail of the basic commercial vehicle insurance which is the cheapest, but you can also get the most comprehensive coverage there is. Bottom line, the commercial auto insurance that you avail should be appropriate to the nature of your business. Getting commercial auto insurance can also give you peace of mind when your fleet is on the road.

There are several type of commercial vehicle insurance. You can choose just third party coverage which is the simplest and cheapest form of commercial car insurance. Third party coverage protects any third party from injury or property damage caused by your driver.

In addition to third party coverage, you may want to opt for protection against fire and theft. This policy covers not just third party injury and property damage; it also protects your vehicle from theft or fire.

The most comprehensive type of commercial vehicle insurance has third party coverage as well as protection from theft and fire damage. It also protects your vehicle from any type of damage. This includes coverage for the repairs to your vehicle even if your company driver was at fault.

Although you can get the basic commercial auto insurance, most business owners opt for the most comprehensive coverage. These business owners need their commercial vehicles on the road all the time to prevent loss of profit. In purchasing any type of insurance, you should always do your research and read the fine print. You should know exactly what type of coverage you are paying for and how to process your claims in the event of an accident.


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