It is important for any business that uses commercial vehicles to have the right insurance policy that will protect the company in any kind of situation. There is a difference between insurance for personal and commercial auto, so it’s good to know what is exactly written on your commercial auto insurance policy and what it means.
On your commercial auto insurance policy you can see numbers on the declarations page. You can find them next to each type of coverage on your policy. If you know what those numbers mean, you will fully understand your insurance and how your staff and vehicles are covered.
“1” is the largest amount of coverage you can get that will protect all the vehicles your company uses for commercial purposes, no matter if you own the vehicle or not.
“2” means the coverage for all the vehicles you own. It also includes trailers that they tow.
“3” only covers private passenger vehicles.
“4” covers all other kinds of vehicles not included in number “3”, for instance, vans and big rigs.
“5” is for vehicles housed in a no-fault state.
“6” is for vehicles housed in a state where uninsured motorist insurance is required.
“7” is coverage that protects only the vehicles listed on your insurance policy. If you have a new vehicle, you will need to add it to your policy to get in covered.
“8” is for rented, borrowed, hired and leased vehicles.
“19” covers bulldozers, forklifts and other mobile equipment.
If you have any questions about commercial truck insurance, don’t hesitate to contact SafeLine Truck Insurance. We will be happy to help you with all your truck insurance and commercial auto insurance needs!