Kapasu Insurance Services Inc. Blog
Personal auto insurance policies often reject business use. That implies you don't have coverage in instances you encounter an accident while driving for work. So, which insurance policy covers multipurpose vehicles? To know, let's take a look at the various types of auto insurance.
Commercial Auto Insurance
The principal contrast between commercial and personal auto insurance is who claims the vehicle. If your business owns a car, it should have coverage from commercial auto insurance.
This insurance type covers mishaps that happen while you or your workmates drive a vehicle owned by the company. Commercial and personal auto policies pay for legal and hospital expenses identified with car collisions. Commercial auto insurance typically covers higher cases, various sorts of vehicles, and more mind-boggling lawful issues.
This type of policy typically safeguards all the employees as additional insureds, which implies each employee with a license has permission to use the vehicle.
Commercial Auto Insurance Provides Coverage for Business Vehicles
In case you're a sole owner who has a vehicle utilized basically for business, you may require this policy. A commercial policy commonly has higher risk limits compared to personal auto insurance. It can provide coverage for vehicles used to:
Personal Auto Insurance
Personal auto insurance only provides coverage for accidents that happen while utilizing your vehicle for personal reasons. That includes driving to and from work and any travel not related to your duties at work. Policies commonly safeguard the vehicle's owner and a couple of close relatives.
Your Auto Insurance Won’t Cover Business Use
Most personal auto insurance policies explicitly prohibit business use. If you experience an accident while driving for work, your insurance agency will probably dismiss your case. Since this approach incorporates less coverage, it's usually more affordable than commercial auto insurance. At times, this policy type may include limited inclusion for business use.
You have several options for choosing the next time you decide on using your vehicle for either personal or work-related purposes. Check with your insurance agency to discover what is and isn't covered.
At Kapasu Insurance Services Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (760) 995-3853. Get your free quote today by CLICKING HERE.
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