Things to Consider When Purchasing Commercial Car Insurance
Buying commercial auto insurance is inevitable when you have an auto business. This is because one, it is a legal requirement and two, there are bound to be accidents even with low use. You therefore need to choose and buy an insurance policy cover that best suits your company requirements. Auto insurance may cover several things including liability for bodily harm, cost of loading and unloading, funeral and medical costs, and property damage liability amongst others. When choosing a commercial automobile insurance to purchase such as from http://cciiagency.com/business-owner/commercial-auto/, you might think the things discussed below.
The kind of coverage you need
It is important to ask the Sacramento Auto Insurance broker questions regarding what policy you will receive using a given commercial car insurance. Ask them what additional coverage is included so that you understand what's going to be covered particularly if a collision occurs. Will the insurance cover cater for the medical bills of wounded persons? What about collusion liability? Purchase insurance which does cater for all these additional coverage.
The payment Choices available
Another critical factor to consider is the options that are available for paying for the insurance. Ask the agent if they have yearly, bi-annual and monthly payment programs and just how much it might cost. Normally, yearly payments are cheaper and or might have reductions while monthly would be a little bit more expensive. If you are not able to afford the annual lump sum payment option, then you will need to get an auto insurance company that has monthly or bi-annual plans and yet is not too expensive.
How many cars and drivers the commercial auto insurance covers
In case youhave many cars for your company, it might be cheaper to buy a fleet insurance than separate commercial auto insurance for each of your cars. Ask the insurance agent how many drivers and cars could be insured from the given cover and then compare to get one which has the best offer.
Policy definition for using the automobile for industrial purposes
Also, make sure that you know the definition of the policy you are buying. You have to know what the limits are before you make the purchase. For instance, you need to know the aggregate limit, that's the maximum amount you may claim in a year and also the occurrence limit which is the maximum amount you can claim in one instance. Also notice the limit of what they could be used for if it is covered by a specified insurance. Most insurance covers will have a definition of exactly what the car is insured for and thus it's a good idea to purchase a suitable policy.
Lastly, you also need to find out how you will be submitting claims. You can ask the insurance agent on tips for making the entry a Smooth encounter. Be sure to read know what you will have to perform in case of an accident.