Commercial auto liability coverage provides protection for business-owned or leased commercial vehicles. Policies usually include collision and damage coverage as well as coverage for property and personal damage to others, such as bodily injuries and lost wages. Commercial auto liability protects your business''s assets should an accident occur while driving a commercial vehicle.
On-line resources. Many insurers, such as Progressive, Insurancetraders.com, Quotemeinsurance.com and US Insurance On-line, now provide free commercial auto liability quotes on-line or provide information for the nearest agent when pricing policies for large business or complicated scenarios where on-line quotes don’t work well.
What if it’s not available online? Most of the large insurance companies such as AIG, The Hartford, Liberty Mutual and others, offer commercial auto liability policies – although many do not offer online features. If you can’t find what you need online, using an independent agent is typically your best bet as they will do the legwork to find you the best rates. If you can’t locate an agent, try the FreeAdvice Auto Insurance Quote Center.
For information about auto insurance and the law, check out our FreeAdvice Auto Insurance FAQs.
Kamis, 15 April 2010
If someone borrows my car, Will they be covered under my insurance policy?
Generally speaking – yes. Most insurance coverage is connected directly to the car, so if someone else borrows your car occasionally, he or she should be covered under your policy. That being said, it is important to realize that your insurance company bases your premium not only on your car, but on the “primary” driver of that car – you. If someone else starts driving your car more than you do, contact your carrier and have them added to your policy. If your insurer finds out that you are no longer the primary driver, they may claim that you provided false information on your application and deny your claims.
Borrowing someone else’s car. When you borrow someone else’s car and are involved in an accident, his or her insurance will kick in first. However, beware of driving someone’s car if he or she has little or no insurance as your policy could be triggered once their limits are exhausted.
Contact your carrier. Never assume that you’re covered. It is always best to contact your carrier if you have doubts about your coverage or the rules of your policy pertaining to those that borrow your car. For information about auto insurance and the law, check out our FreeAdvice Auto Insurance FAQs.
Borrowing someone else’s car. When you borrow someone else’s car and are involved in an accident, his or her insurance will kick in first. However, beware of driving someone’s car if he or she has little or no insurance as your policy could be triggered once their limits are exhausted.
Contact your carrier. Never assume that you’re covered. It is always best to contact your carrier if you have doubts about your coverage or the rules of your policy pertaining to those that borrow your car. For information about auto insurance and the law, check out our FreeAdvice Auto Insurance FAQs.
Minggu, 11 April 2010
Car Insurance Coverage and Deductible Options
Car Insurance Coverage and Deductible Options
What is a deductible?
A deductible is the part of a covered loss that you have agreed to pay with your own money.
If you file a claim against your insurance, you will pay only the amount of the deductible. State Farm® will pay the rest - up to your coverage limit.
When choosing a deductible, you must decide how much you would be willing and able to pay out-of-pocket, if you ever had to file a claim.
Typically, higher deductibles mean lower premiums.
Who does my auto insurance policy cover?
An Auto Insurance policy typically covers:
* You and your spouse
* Relatives who live in your home
* Other licensed drivers who have permission to drive your insured vehicle.
Types of auto insurance coverage
An Auto Insurance policy generally consists of several kinds of coverages.
Because all 50 states have different laws when it comes to Auto Insurance, the following coverage descriptions are simply general information. They are not statements of contract.
To learn more about auto insurance in your state, contact your State Farm agent.
Most Common Coverages:
Liability
Auto liability coverage pays for the damage if you are legally responsible for accidentally injuring someone, or for damaging another vehicle or other property in an auto accident.
Auto liability coverage falls into two categories:
1. Bodily Injury Liability - which covers medical expenses, pain and suffering, lost wages, and other special damages.
2. Property Damage Liability -- which covers damaged property, and may include loss of use.
Liability coverage also pays legal defense and court costs.
State laws usually dictate the minimum amounts of insurance required, but higher amounts are available.
Personal Injury Protection (PIP)
This coverage pays the reasonable and necessary medical expenses for covered persons for treatment due to an auto accident.
It may also pay for:
* Rehabilitation
* Lost earnings
* Replacement of services (For example, child care if a parent is disabled.)
* Funeral expenses
Medical Payments
This coverage is available in most states. It pays reasonable and necessary medical and funeral expenses for covered persons when those expenses are related to an auto accident.
Collision
This coverage helps pay for damage to a covered vehicle caused by:
* Collision with another vehicle
* Collision with an object
* A vehicle rollover
A deductible is required.
Comprehensive
This coverage helps pay for loss of or damage to an insured vehicle, not caused by a collision or vehicle rollover.
Examples of this type of damage or loss include:
* Fire
* Wind
* Hail
* Flood
* Vandalism
* Theft
* Hitting an animal
A deductible may apply.
Uninsured Motorist
This coverage pays for damages when a covered person is injured in an auto accident caused by a driver who does not have Liability Insurance
In some states this coverage may also pay for property damage.
This coverage varies by state and depends upon policy provisions.
Underinsured Motorist
This coverage pays for damages when a covered person is injured in an auto accident caused by another driver who has insufficient Liability Insurance.
Application of this coverage varies by state and depends upon policy provisions.
Rental Reimbursement
This coverage pays for renting a car when your auto is disabled due to an auto accident.
Daily allowances or limits vary by state or policy provisions.
Emergency Road Service
This coverage pays for having your auto towed due to a breakdown.
Towing limits vary by state or policy provisions.
This information is only a general description of the available coverages and is not a statement of contract. All coverages are subject to all policy provisions and applicable endorsements.
For further information, contact a State Farm® agent
What is a deductible?
A deductible is the part of a covered loss that you have agreed to pay with your own money.
If you file a claim against your insurance, you will pay only the amount of the deductible. State Farm® will pay the rest - up to your coverage limit.
When choosing a deductible, you must decide how much you would be willing and able to pay out-of-pocket, if you ever had to file a claim.
Typically, higher deductibles mean lower premiums.
Who does my auto insurance policy cover?
An Auto Insurance policy typically covers:
* You and your spouse
* Relatives who live in your home
* Other licensed drivers who have permission to drive your insured vehicle.
Types of auto insurance coverage
An Auto Insurance policy generally consists of several kinds of coverages.
Because all 50 states have different laws when it comes to Auto Insurance, the following coverage descriptions are simply general information. They are not statements of contract.
To learn more about auto insurance in your state, contact your State Farm agent.
Most Common Coverages:
Liability
Auto liability coverage pays for the damage if you are legally responsible for accidentally injuring someone, or for damaging another vehicle or other property in an auto accident.
Auto liability coverage falls into two categories:
1. Bodily Injury Liability - which covers medical expenses, pain and suffering, lost wages, and other special damages.
2. Property Damage Liability -- which covers damaged property, and may include loss of use.
Liability coverage also pays legal defense and court costs.
State laws usually dictate the minimum amounts of insurance required, but higher amounts are available.
Personal Injury Protection (PIP)
This coverage pays the reasonable and necessary medical expenses for covered persons for treatment due to an auto accident.
It may also pay for:
* Rehabilitation
* Lost earnings
* Replacement of services (For example, child care if a parent is disabled.)
* Funeral expenses
Medical Payments
This coverage is available in most states. It pays reasonable and necessary medical and funeral expenses for covered persons when those expenses are related to an auto accident.
Collision
This coverage helps pay for damage to a covered vehicle caused by:
* Collision with another vehicle
* Collision with an object
* A vehicle rollover
A deductible is required.
Comprehensive
This coverage helps pay for loss of or damage to an insured vehicle, not caused by a collision or vehicle rollover.
Examples of this type of damage or loss include:
* Fire
* Wind
* Hail
* Flood
* Vandalism
* Theft
* Hitting an animal
A deductible may apply.
Uninsured Motorist
This coverage pays for damages when a covered person is injured in an auto accident caused by a driver who does not have Liability Insurance
In some states this coverage may also pay for property damage.
This coverage varies by state and depends upon policy provisions.
Underinsured Motorist
This coverage pays for damages when a covered person is injured in an auto accident caused by another driver who has insufficient Liability Insurance.
Application of this coverage varies by state and depends upon policy provisions.
Rental Reimbursement
This coverage pays for renting a car when your auto is disabled due to an auto accident.
Daily allowances or limits vary by state or policy provisions.
Emergency Road Service
This coverage pays for having your auto towed due to a breakdown.
Towing limits vary by state or policy provisions.
This information is only a general description of the available coverages and is not a statement of contract. All coverages are subject to all policy provisions and applicable endorsements.
For further information, contact a State Farm® agent
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