PERSONAL &
COMMERCIAL
AUTO
Legal Insurance Terms
COMMERCIAL AUTO COVERAGE:
Coverage for vehicles owned by your business.
Whenever a business owns vehicles – whether they are passenger cars, trucks, or vans – they need to be insured with a Commercial Auto Insurance policy. This coverage offers protection and financial assistance in the event of auto accidents, collisions, vandalism, theft, and some types of storm damage.
It can pay for vehicle replacement and repair, medical expenses, and any legal costs associated with a covered event – even if you are liable for the accident.
PERSONAL AUTO COVERAGE:
Personal automobile insurance covers private passenger vehicles. It provides protection against economic loss to an insured from bodily injury or property damage to others (liability) arising from the operation, maintenance, or use of a covered automobile. Coverage may also be purchased for damage to vehicles owned by you (Collision & Other than Collision).