Commercial auto insurance makes individuals think of corporations, which is only natural because it’s the truth. Businesses that use vehicles for the use of their company will pick up this type of insurance for their rides. It is not the only use for commercial insurance, as it depends on how and why a vehicle is used. This means that an individual could easily need to pick up commercial auto insurance. Here is everything you need to know regarding commercial auto insurance.
Type of Automobile
Automobiles such as semi trucks or heavy duty trucks used for hauling will be classified as commercial use vehicles. However, individuals do not realize that these automobiles may not be eligible to be covered by commercial insurance. Therefore, it is absolutely essential to check with your insurance company to see what type of vehicles are covered under their commercial auto insurance policies. Some companies will not cover emergency vehicles, as well as specialty automobiles such as monster trucks.
Use of the Automobile
Your daily running around completing errands will not classify you as needing commercial insurance. For these types of uses, a personal auto policy will suffice. If your automobile is used for business, then you may need to look into this type of insurance.
If you have a job such as making deliveries or driving people for money, you should look into purchasing a commercial auto policy. Personal policies can actually exclude such uses of your vehicle, which is why it is important that you understand all the ins and outs of your auto policy. If you get into an accident and these uses are excluded from your coverage, your insurance may not cover damages.
Who is in Your Automobile?
If for any reason you loan out your automobile for a fee, then your personal policy will not cover any damages that occur while the other individual has possession of your vehicle. You will need to thoroughly read your personal auto policy to see what is excluded from coverage.
If you are using your vehicle to drive clients to and from work areas, as well as transporting workers, your current auto policy may not cover any damages that could occur during these times. A commercial policy will cover these damages, so it is absolutely necessary to consider the individuals riding in your vehicle.
Take all these facts into consideration and decide if a personal or commercial auto policy will best suit your needs. If you are in need of car insurance in Las Vegas, give us a call today at (702) 904-8518.
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