What are the commercial auto insurance coverages?
2 Answers
Commercial auto insurance mainly includes third-party liability insurance, theft insurance, passenger liability insurance, vehicle damage insurance, scratch damage insurance, spontaneous combustion insurance, no-deductible insurance, compulsory traffic insurance, and glass breakage insurance. The following is a relevant introduction to commercial auto insurance: 1. Introduction: Commercial auto insurance is actually motor vehicle commercial insurance, which is voluntarily purchased by the car owner from commercial insurance companies after purchasing the compulsory motor vehicle insurance required by the state. 2. Classification: It is mainly divided into basic insurance and additional insurance. The basic insurance includes four types: vehicle damage insurance, theft insurance, passenger liability insurance, and commercial third-party liability insurance. The additional insurance includes scratch insurance, standalone glass breakage insurance, spontaneous combustion insurance, no-deductible insurance, etc. Additional insurance cannot be purchased independently and must be attached to the corresponding basic insurance.
I've been driving for decades and have deep feelings about commercial auto insurance. Commercial auto insurance mainly refers to those not mandated by the state, such as third-party liability insurance, which covers compensation if you hit someone else—the higher the coverage, the safer you are. Vehicle damage insurance is quite necessary for repairing your own car, especially for new or high-end cars that are prone to scratches. Comprehensive theft insurance protects against theft but has a low probability, so it might not be needed much in big cities. Passenger liability insurance covers medical expenses for yourself or passengers, and it's recommended if you often drive with elderly or children in the car. No-deductible coverage can save you money during claims, making it practical and worry-free. Others, like standalone glass breakage insurance or spontaneous combustion insurance, can be chosen based on the roads you frequently drive on. I always remind beginners to consider driving risks comprehensively when buying insurance—don’t save small money at the risk of big losses, and opt for more coverage when driving long distances.
