What Does Commercial Auto Insurance Include?
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 related introduction to commercial auto insurance: 1. Introduction: Commercial auto insurance is actually motor vehicle commercial insurance, where the vehicle owner, after purchasing the compulsory motor vehicle liability insurance required by the state, voluntarily purchases auto insurance from a commercial insurance company. 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. It should be noted that additional insurance cannot be purchased independently and must be attached to the corresponding basic insurance.
Recently, I spent a lot of time researching when buying car insurance. Commercial insurance basically includes third-party liability insurance, which helps compensate for losses if I accidentally hit someone or property while driving; vehicle damage insurance is the most commonly used, covering repairs if my car is damaged or naturally impaired; theft insurance provides compensation if the car is stolen; passenger liability insurance covers medical expenses for injuries to myself and passengers; and additional coverage like standalone glass breakage insurance and scratch insurance, which are for minor incidents. I think it's best to choose based on driving conditions. For example, if you often drive in the city with passengers, passenger liability insurance is a must. For suburban areas or new cars, adding glass insurance is cost-effective, saving you from paying big money out of pocket in case of an incident. Buying comprehensive coverage brings peace of mind—don’t just go for the cheapest option and lose protection, since driving involves daily risks.
