What is Commercial Auto Insurance?
1 Answers
Commercial auto insurance includes Vehicle Damage Insurance, Third-Party Liability Insurance, and Theft Insurance. Below are detailed explanations of commercial auto insurance: 1. Vehicle Damage Insurance: This covers damage to the vehicle caused by natural disasters or accidents within the insurance coverage. 2. Third-Party Liability Insurance: This covers direct property damage and personal injuries to third parties caused by the driver's accidents. 3. Theft Insurance: The insurance liability under Comprehensive Auto Theft Insurance covers vehicle loss due to theft, robbery, or hijacking, as well as reasonable repair costs for damages incurred during theft, robbery, or hijacking, or the loss of vehicle parts and accessories.