COMMERCIAL AUTOMOBILE INSURANCE

Coverages You Must Buy - Compulsory Insurance
Bodily Injury to Others pays expenses (medical, injury) to anyone hurt or killed by your car up to a limit of $20,000 per person and $40,000 per accident. Injuries to the driver or passengers in your car are not covered in this part of the policy. You could be sued for much more, so recommended coverage is $250,000 per person, $500,000 per accident.

Personal Injury Protection pays up to $8,000 to you or anyone you let drive your car, passengers and pedestrians, no matter who causes the accident. This pays medical, replacement services and 75% of lost wages. Motorcycle drivers and passengers are not are not covered by PIP. If you own a motorcycle, you must buy PIP to protect others.

Bodily Injury Caused By An Uninsured or UnderInsured Auto protects you, household members and passengers against accidents caused by an uninsured, underinsured or "hit and run" driver. This covers you both as a pedestrian and a driver, so that if you are hit, injuries sustained are covered up to the limits of the policy. A minimum of $20,000 per person and $40,000 per accident is required. ***It is highly recommended that you increase the standard coverage.

Damage to Someone Else’s Property covers costs associated with the loss of use of that property, when you or another authorized driver cause an accident. A minimum of $5,000 is required. Limits of $50,000 or $100,000 are recommended. Limits: no less than $100,000 is recommended.

Very Important Coverages to Add – Ask Your Strategic Agent How You Can Save Money
Comprehensive Insurance pays for damage from fire theft, vandalism, and hitting an animal, minus deductible. (Collision is excluded here.) Substitute transportation fees of $15 per day are included until your car is found or repaired. If your car is stolen, report it to the police and your insurance company immediately.

Collision pays for collision damage to your car, minus deductible, no matter whose fault. Most car loan companies require this and comprehensive. Collision with a "waiver of deductible" means that the deductible will not apply when an another known insured driver causes the accident.

Hired Auto and Non-owned Auto Liability and Physical Damage covers you and your employees when renting or borrowing a car for business. It extends all the policy coverages to this vehicle. Physical damage extends your regular policy protection to a rental or borrowed car in the event of an accident.

Drive Other Car Coverage protects those who do not have a personal auto policy on their vehicle, because it is owned
by the business. This coverage extends personal insurance to the individual and provides better protection.

Underinsured or Uninsured Motorist Coverage-***It is highly recommended that you increase the standard coverage.

Bodily Injury to Others expands your liability protection up to whatever amount you choose- usually $250,000 - $1,000,000. This also pays for damages suffered by passengers in your car.

Other coverages to elect: Substitute Transportation and Towing and Labor