Personal and Commercial AUTO Insurance and related ACORD AL3 groups (1)

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Personal and Commercial AUTO Insurance and
related ACORD AL3 groups

• 
  WWW.WINSURTECH.COM

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Introduction

• The main difference between personal and
  commercial auto insurance is based on who owns
  the vehicle. If your business owns a vehicle that
  is worked for business purposes, it will be
  protect commercial auto insurance. Commercial
  auto insurance protects accidents that occur
  while you or your employees are driving a
  commercial vehicle. While both personal and
  commercial auto policies cover legal and medical
  bills associated with auto accidents, commercial
  auto insurance usually pay higher claims, various
  types of vehicles, and more complex legal issues.
  A commercial policy typically sees all the
  businesss employees and additional insureds, It
  means every employee of the organization/company
  with a valid license can utilize the vehicle.

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Commercial auto insurance covers business
vehicles

• A commercial auto insurance policy has higher
  liability limits than personal vehicle insurance.
  It can cover vehicles which utilize to
• Transport goods or equipment
• Drop clients or employees
• Do a service that youre paid for
• Charge people a fare to move goods in your
  vehicle
• Haul heavy, work-related loads
• Tow a trailer operate for business

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Personal auto insurance

• Personal vehicle insurance only covers accidents
  that occur while youre using your vehicle for
  personal reasons. That includes commuting to and
  from work and travel non-related to your job
  obligation. Policies usually insure the owner of
  the vehicle and one or two related family
  members.
• Your personal vehicle policy wont cover business
  use
• Most personal vehicle policies concretely omit
  business use. If you get into an accident while
  driving for work, your insurance company might
  cancel your claim.
• Because this policy covers less coverage, its
  always cheap than commercial auto insurance. In
  some cases, a personal policy might cover limited
  coverage for business use.

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Personal Auto Insurance Coverages

• Bodily injury liability
• Medical coverage or personal injury protection
  (PIP)
• Property damage liability
• Collision - It cover for damage to your vehicle
  from a collision with another vehicle, an object
  like a tree, telephone pole, etc.
• Comprehensive - It cover different events such
  as fire, falling objects, missiles, explosions,
  hail, floods, earthquakes, windstorms.
• Uninsured and underinsured motorist coverage
• It protects you, a member of your family, or a
  designated driver if one of you is hit by an
  uninsured driver or a driver who doesnt have
  sufficient insurance to pay for your total loss.

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