There are many things to consider before buying insurance from a commercial auto insurance provider. The following are seven questions to ask before purchasing.
7 Questions to Ask Your Commercial Auto Insurance Provider
Every commercial vehicle should have commercial auto insurance coverage. There are many things to consider before buying insurance from a commercial auto insurance provider. The following are seven questions to ask before purchasing.
1. What Kind of Coverage Will You Get?
Ask your insurance provider about the kind of coverage you'll get for your commercial vehicle. You should ask if your provider will cover the costs of accident damages as well as additional costs like collisions and injuries.
2. Are Drivers Covered in the Plan?
Ask is if the insurance also covers drivers. Large truck drivers can be behind the wheel for as long as 11 hours at a stretch under federal hours-of-service regulations (per the Insurance Institute for Highway Safety). Most insurance plans do not cover drivers, making you liable if they get injured in an accident. A good insurance provider should cover your vehicle and employees as well.
3. What are the Payment Plan Options?
Ask about the payment plan options. Commercial auto insurance providers either charge annual insurance premiums or monthly insurance premiums. While monthly insurance premiums are affordable, annual insurance premiums come with incredible discounts. Choose a provider whose payment plan option is affordable and appropriate for your business.
4. Is the Provider Available 24/7?
Many commercial auto insurance providers are only available during regular office hours, making them very inconvenient. A reliable commercial auto insurance provider should be available 24/7. Be sure to ask your provider if they are available throughout the day and night. This will make it convenient to find them whenever you need help.
5. Can You Shift to Comprehensive-Only Policy?
You may want to shift from a full coverage policy to a comprehensive-only policy for your vehicles. While a full coverage policy covers all main parts of a vehicle, a comprehensive-only policy covers damage, loss of vehicle, or any third-party claim. Your commercial auto insurance provider should allow you to shift whenever you deem feasible.
6. What are the Limitations of the Coverage Policy?
Ask about the coverage's liability, limitations, and reasons for limitations. This will help you understand what the coverage can and cannot cover.
7. How to File a Claim?
Finally, ask your provider how to file a claim. This makes it easier for you to file a claim whenever you're involved in an issue that requires insurance cover.
The commercial auto insurance provider you get should meet all your needs, preferences, and specifications. Asking the questions highlighted here will enable you to get the best insurance provider for your commercial vehicles.