Reader question:

I should I have a specific type of commercial car insurance coverage for when I’m doing non business things in a company vehicle?

Ryan

You might.

Most businesses have commercial car insurance policies for the vehicles that they let their employees used, so for the most part when you are running errands or on a business trip, this is not something that you need to worry about. It is also true that a lot of businesses have it so that the commercial car is always insured, even if you’re just using it to go home for your lunch break or pick up your dry cleaning on the way back to work. In order to find out whether or not your company falls into this area as it concerns commercial car insurance policies, make sure you ask. You never want to know too little, too late.

If your company’s commercial car insurance coverage does not cover the vehicles while you are doing non business things, then you should get your own coverage. The type of coverage you can use is non owners auto insurance. This will cover you regardless of what car you drive, so long as you are not driving a vehicle that your own name is registered to.

Non owners car insurance is available from many companies and it is much cheaper than regular car insurance policies that come attached to a car. One of the reasons for this is that it only comes with the bare minimum coverage required by the state. If you want to get things like comprehensive and collision coverage, then it is not possible to do so on a non owners car insurance policy. This could turn unfortunate for someone using a company car for non company business who gets into an at fault accident, because while their liability is covered, the company car is still ruined. For this reason it’s probably a good idea to keep your personal and business driving lives separate, so that you never get into the problem of driving without proper vehicle insurance coverage.

Cheers,

Fashun Guadarrama.

Reader question:

I’m going to be delivering cars to people for a living. What kind of vehicle insurance coverage do I need for this?

Brody

Excellent question, Brody.

As I’ve mentioned previously, the car insurance policy is on the vehicle, not the driver. This means that if the car that you are delivering has its own auto insurance policy, then you are covered, considering you would be a driver who has permission to drive that car. However, considering that you are doing this as your job, I would not want to take that chance for granted. It is possible that if you got into a car accident while you were delivering one of these cars, then the company or person who owned the vehicle would try to pin the damages on you. That’s why it might be a good idea to get your own vehicle insurance coverage for the delivery.

In this case, you would want to get a commercial liability insurance coverage. Most companies offer this, although some specialize. If you are getting this sort of insurance coverage, consider adding comprehensive and collision for extra protection.

Cheers,

Fashun Guadarrama.

Reader question:

I’m a truck driver. How do I get the cheapest rates from my commercial vehicle insurance company?

Royal

Glad you asked.

Commercial car insurance is a specific type of car insurance coverage that is extremely necessary for many companies. It provides protection and insurance coverage for the vehicles that you use in your business or lease for it, as well as an equipment or product that they carry. The coverage for commercial vehicles is more extensive on average than that for regular vehicles in that it extends from damages done to the automobile and the employees involved, as well as whatever was being transported. If you own a business that requires a commercial vehicle, then having insurance coverage is absolutely important.

Any company that uses commercial vehicles is required just like everybody else to insure their vehicle by law. Same as the rest of us who have insurance to make sure that we and our loved ones don’t get caught in a bad situation, owners of commercial vehicles have them insured so that they don’t have to worry about losing their income. Extra coverage, though, like collision and comprehensive and all the rest, are extra important for someone whose entire ability to make money is based around that commercial vehicle, the same way that a person who has a store should have that store over insured.

A commercial vehicle car insurance company does not just deal with things like diesel trucks that carry goods and supplies from place to place. It may even apply to a company car, even if it is just a run down Isuzu. If your company has a car that is common between a few workers, you should assure yourself that you have a policy that gives you coverage for vehicles you don’t own, as most policies don’t do anything for accidents related to business.

Cheers,

Fashun Guadarrama.

Reader question:

I’ve been saving up money for awhile because I know it’s really lucrative to be an owner operater in the truck driving business. What kind of coverage can I get through a commercial vehicle insurance company?

Roscoe

If you work on wheels, you gotta have that coverage.

Owner operators are some of the business people that get the most out of their car insurance policy because it is as important to them as house insurance is to someone who is trying to sell real estate. If you get in an accident with a commercial vehicle, that can cause a lot of problems, not the least of which could be loss of goods and the injury to your person. If your truck is destroyed, there goes your source of income. This is why truck drivers have no excuse to skimp when it comes to taking out a policy from a commercial vehicle insurance company.

How do you get the right kind of coverage for your commercial truck? Like this:

• You have to decide what is more important to you and what you can afford. If you are able to take higher premium costs, by all means, go for it, because getting a high deductible could put you seriously back in regards to finances. Deductibles for commercial trucks are much higher than they are for standard vehicles.
• Put your deductibles together. If you aren’t with a company that does this, find one that does. By combining your coverage for your truck, the trailer on the back, and whatever it’s carrying you can save a lot of money on your insurance annualy.
• Insurance is more than the quote. When you’re getting insured for something as important as your business, you might have to accept slightly higher rates in exchange for an agent or company that you can put your trust in.
• Be aware of your options. Commercial vehicle insurance can be got through the trucking company you work for, the finance company that is financing your truck’s lease, and even a trucking association.

Cheers,

Fashun Guadarrama.

Once you have decided from what resource you will pull your insurance coverage, or at what commercial vehicle insurance company you will decide to cover the interest of you and your business, it’s time to figure out how much exactly you want covered. The answer should be everything possible. When you’re dealing with your paycheck, you don’t want to make any risky decisions. Because of this, getting extra coverage is key to owning or leasing a commercial vehicle.

That’s right, I said leasing. Just like you have to have insurance when you’re renting a car, the same goes for commercial trucks. Even if someone who works for you is using the truck, or a business partner is, so long as it is under your name you need to have insurance on it. Lots of times it is fairly easy to get commercial truck insurance for a truck that you are leasing because the company that you are leasing it from will provide it for you, and there is little need to go somewhere else.

One of the types of coverage that you need to get if you own or lease a commercial truck is physical damage coverage, which is not required by state law but is required by the good sense nodes in your brain. If you’re leasing your truck, your financer will probably make sure that you have this. Either way, it’s good to have. What it is, is basically the equivalent of collision coverage, so if your truck or trailer get damaged it will cover repairs. The premiums will be based on the percentages of the MSRP of the vehicle.

Cheers,

Fashun Guadarrama.

There are many things that you have to think about when you have a commercial truck, things long the lines of owning and leasing, and your insurance. There is a lot of responsibilty placed on you. It is one thing already to be navigating the roads with such a large vehicle while following safety precautions, but you also have to protect your property. The thing about working as a trucker is that not everything you have with you is your property, even if you own the truck. There’s always the cargo. The cargo is what you are paid to take from place to place by somebody else, so if something happens to it on the way, then you are in trouble.

Many a commercial vehicle insurance company will offer cargo coverage, and it is one of the most valuable types of commercial truck coverage. If you are taking around any cargo in your commercial truck, cargo coverage insurance will pay for the loss or damage of any of it should you have a collision. This is only in the case of a collision, though, and does not apply to things like theft. If you are carrying chips, and then you pull over at a truck stop to go to the bathroom only to come back to find the chips gone, you are out of luck. You should also understand that there is a maximum dollar amount for the coverage.

Another type of cargo coverage insurance is terminal coverage, which does not involve collisions. It provides coverage for cargo only at a certain place, such as the warehouse where it is either being loaded into the truck or unloaded. It only works for that place and a certain amount of time not exceeding three days.

Cheers,

Fashun Guadarrama.

Of the groups of people who have the most to worry about when it comes to insuring their auto, owner operators of commercial trucks are right there at the top. Unlike most people, who can take the bus or catch a ride from a friend or co worker, when an owner operator’s car breaks down, their business breaks down. They need to be able to keep safe the vehicle that they use and the cargo they use it to haul around. Considering that it is so important to insure a commercial truck, you should get the most amount of insurance possible. If you can’t, though, liabilty coverage is as good as any to begin with.

If you get coverage for commercial liability you will be covered for any type of vehicle, be it car, truck, whatever, that your business owns or is leasing. It is pretty extensive for just being liability and includes many types of coverage. These types include physical damage to the truck or trailer in the case of a collision, as well as injury to the driver, and also any loss of wages for the time that the commercial vehicle is out of service.

Not every car insurance company that you can go to is going to help you get insurance for your commercial vehicle. Only some can count as a commercial vehicle insurance company. Most of the major ones, thoug, provide this type of coverage, and it’s as easy as ever to get auto insurance quotes from these companies on the internet.

Cheers,

Fashun Guadarrama.