Physical Damage Only
What is Commercial Automobile Physical Damage Insurance?
Commercial Auto Physical Damage coverage protects businesses from financial losses resulting from physical damage to vehicles they own or hire, arising from collision, vandalism, fire or theft.
What coverages are included in a Commercial Auto Physical Damage policy?
Commercial Auto Physical Damage insurance includes collision and comprehensive coverage:
- Comprehensive Coverage - Coverage or vehicles or trailers on a policy for physical damage caused by something other than a car accident, including theft, vandalism, fire, flood or other damages
- Collision Coverage - Coverage for damages to vehicles or trailers from the collision from another vehicle
Does your business need Commercial Auto Physical Damage coverage?
While Physical Damage coverage is not required by law like liability coverage is in most states, businesses using leased vehicles may be required to have physical damage coverage by their leasing company or lender. Businesses may also consider Physical Damage coverage based on the vehicle’s condition or age, since claims are paid based on Actual Cash Value and older vehicles may be worth too little to insure.
What vehicles are covered by Commercial Auto Insurance?
Commercial Auto Physical Damage insurance is not exclusive to certain types of vehicles. Any type of vehicle or trailer, as long as it is used primarily for business purposes, can be protected, including:
- Fleet of Vehicles
- Pickup Trucks
- Delivery Trucks & Vans
- Food Trucks
- Passenger Vans
- Box Trucks
- Flatbed trucks
- Service & Repair Trucks
- Mobile Mechanics
- Retail Delivery
- Moving Trucks
Contact an insurance agent for more information
For more information on selecting the right Commercial Auto policy for your business, talk to an insurance agent. Contact us and we can provide you with insurance agent in your area.Find an Insurance Agent Near You