Commercial Auto Insurance Vs Personal Auto Insurance

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Commercial Auto Insurance Vs Personal
Auto Insurance
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(No Transcript)
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Whether it is a commercial vehicle or a personal
car, auto insurance is an essential tool in order
to cover up financially, if in case any accident
takes place.
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However, there is a blurry difference between
both the types of auto insurances  commercial
vehicle insurance and personal auto insurance. 
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Since a commercial vehicle needs to ply more on
the road, a business use auto insurance in
Louisiana has different coverages compared to
private car insurance. Read more to know the
actual difference between the two.
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Private Car Insurance
An auto insurance policy that offers damage
coverage for your private car, including third
party liability plan and own damage, is a
personal auto insurance. Its comprehensive plan
covers the following
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• Monetary help for the damages and the losses
  during accidents
• Financial coverage against natural calamities,
  riots, thefts and fire
• Personal accident coverage for the owner-driver
• Third party liability

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What is excluded from personal auto insurance in
Louisiana?

• Business purpose vehicles and cars are not covered

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• Passenger coverage is excluded, until and unless
  add-on for passenger coverage is opt for
• If add-on is not opt for, it does not cover
  personal driver expenditure

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Business Use Auto Insurance
A motor insurance policy that offers financial
protection against damages and losses for
vehicles used for commercial and business
purposes is termed as business use auto insurance.
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Generally this type of insurance is provided to
cabs and taxis where the car is used to commute
people from one location to the other. The
following are covered under this plan
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• Offers monetary security to the policy holders
  business use vehicles and cars, if any damages
  take place due to accidents.

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• Covers complete loss due to thefts, natural
  disasters and fire
• Offers personal accident cover of the driver
• Covers passengers loss
• Includes third-party liability

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What is excluded from commercial vehicle
insurance in Louisiana?

• Does not cover if the car or the vehicle is used
  for personal purpose
• Regular wear and tear

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• Does not include any type of mechanical and
  electrical failure
• No coverage for damages and losses done by
  radiation, nuclear attack or war
• No financial security for damages done in course
  of using the car/vehicle beyond its limitation

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• Damages are not covered if the insured
  car/vehicle is driven by someone else other than
  the driver mentioned in the policy.

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Thus it can be concluded that, although
both, personal auto insurance and commercial
vehicle insurance in Louisiana were introduced to
offer monetary security to cars and vehicles,
they both vary from one another in terms of
coverages.
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The original source is here https//insurancecom
pany871924513.wordpress.com/2021/01/01/commercial-
auto-insurance-vs-personal-auto-insurance/
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Bonano Insurance Agency
Phone [phone]
E-mail familyservice_at_bonanoinsurance.com
Website www.bonanoinsurance.com
Address 1109 US-190 BUS, Covington, Louisiana
70433, USA