Different types of commercial car insurance and their benefits

Different types of commercial car insurance and their benefits

Commercial car insurance is similar to a motor insurance policy that is used to protect your commercial vehicles, like trucks, cars, tractors, and all other automobiles that are used for commercial purposes. san antonio commercial insurance is specially designed to give coverage for commercial vehicles that are involved in an accident or suffer a loss due to the commercial vehicle.

This insurance assists you in obtaining coverage for damages or losses caused by natural or man-made disasters. You can choose among the multiple plans that suit your commercial business requirements. Some policy providers allow the renewal process to be done online for the welfare of their customers.

Types of commercial vehicle insurance

Commercial vehicle insurance is classified into two major types, namely

  • Comprehensive commercial vehicle insurance
  • Third-party liability insurance for commercial vehicles

Comprehensive commercial vehicle insurance

This insurance provides coverage against the damages that were caused to your vehicle due to fire, theft, flood, and other natural disasters. This also covers the financial loss due to the accident and the damage caused to a third party due to the accident.

Third-party liability insurance for commercial vehicles

This insurance assists you in covering the loss caused to a third party during the accident. That cover includes third-party property, third-party death, and injury due to the accident.

All you need to do is choose the perfect policy provider, like a san antonio commercial insurance provider.

Commercial vehicle insurance coverage options

  • Consumable cover
  • Engine and gearbox cover
  • EMI protection cover
  • Roadside assistance
  • Loss of revenue

Business Insurance

Consumable cover

This offers coverage for the small parts of your vehicle that were damaged due to an accident. This small damage includes engine oils, grease, and other small components.

Engine and gearbox cover

This covers damage that was caused to your gearbox or engine in the accident, like water regression or leakage in your engine.

EMI protection cover

This cover helps you pay your EMI for the vehicle when you face financial loss due to the accident of your vehicle. This allows you to repay your loan while your business is closed due to an accident or while your vehicle is being repaired.

Roadside assistance

You can get roadside assistance for repairs if you face any repairs on the road due to an accident or any other vehicle issues.

Loss of revenue

The policy also provides coverage for the loss of wages due to vehicle damage or repair.

Benefits of commercial vehicle insurance

  • Comprehensive coverage
  • Third-party coverage
  • Personal accident coverage
  • Financial support
  • ¬†Etc.