Commercial auto insurance is essentially motor vehicle commercial insurance. It refers to the voluntary coverage that vehicle owners purchase from commercial insurance companies after obtaining the mandatory motor vehicle liability insurance required by the state. It is mainly divided into basic insurance and additional insurance. Additional Information: 1. Commercial insurance is divided into two major categories: basic insurance and additional insurance. Basic insurance includes four types: vehicle damage insurance, full vehicle theft insurance, passenger liability insurance, and commercial third-party liability insurance. Additional insurance includes coverage such as scratch insurance, standalone glass breakage insurance, spontaneous combustion insurance, and no-deductible insurance, among others. It's important to note that additional insurance cannot be purchased independently and must be attached to the corresponding basic insurance. 2. Some vehicle owners, in an effort to save on premiums, may choose to underinsure by skipping certain coverages—such as opting for vehicle damage insurance but not third-party liability insurance, or purchasing only primary insurance without additional coverage. However, each type of insurance has its own scope of coverage. In the event of an accident, the insurance company will only compensate based on the terms outlined in the original insurance contract. As a result, the vehicle owner may not receive compensation for other losses incurred.
