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Does Geico provide garagekeepers coverage on commercial vehicle policy?
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∙ 9y ago
yes
Wiki User
∙ 9y ago
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What is the best insurance for a commercial vehicle?
The best insurance for a commercial vehicle is a comprehensive plan that provides not only liability coverage, but also includes coverage for cargo, and the vehicle itself.
What is auto physical damage coverage?
This is coverage that would provide insurance to pay for damage to a vehicle for a vehicle that you rent or use for some reason. This is often an endorsement that you have added to your policy in order to provide this type of coverage. Normally it is done on a commercial policy. The normal endorsement in a commercial setting is called "hired and non-owned coverage" endorsement. The endorsement provides coverage for a rental car or in a situation like if your secretary runs an errand for you and has an accident of some kind. This would provide coverage for the named insured only and not as primary coverage for the other party. The person who owns the car will provide the primary coverage but the endorsement will be secondary.
What is hired auto physical damage coverage?
This is coverage that would provide insurance to pay for damage to a vehicle for a vehicle that you rent or use for some reason. This is often an endorsement that you have added to your policy in order to provide this type of coverage. Normally it is done on a commercial policy. The normal endorsement in a commercial setting is called "hired and non-owned coverage" endorsement. The endorsement provides coverage for a rental car or in a situation like if your secretary runs an errand for you and has an accident of some kind. This would provide coverage for the named insured only and not as primary coverage for the other party. The person who owns the car will provide the primary coverage but the endorsement will be secondary.
What is hired auto physical damage?
This is coverage that would provide insurance to pay for damage to a vehicle for a vehicle that you rent or use for some reason. This is often an endorsement that you have added to your policy in order to provide this type of coverage. Normally it is done on a commercial policy. The normal endorsement in a commercial setting is called "hired and non-owned coverage" endorsement. The endorsement provides coverage for a rental car or in a situation like if your secretary runs an errand for you and has an accident of some kind. This would provide coverage for the named insured only and not as primary coverage for the other party. The person who owns the car will provide the primary coverage but the endorsement will be secondary.
Does a commercial general liability policy also provide excess vehicular liability coverage beyond the coverage in the driver's separate mva policy?
No. A commercial liability policy specifically excludes liability arising out of the ownership, maintenance or use of a motor vehicle.
How do the rates for commercial vehicle insurance differ from standard auto coverage?
Commercial vehicle coverage will cost more. It has to cover any person driving and the more likely lawsuits against companies.
What kind of insurance is required for a commercial vehicle?
A commercial vehicle such as a truck or limo needs to have a very high coverage cost because they are used for commercial purposes. The most common insurance for them is comprehensive insurance.
Do your car insurance cover your car when it in the repair shop?
The vehicle is likely covered for the same risks while in the body shop as when it is under your dominion and control. However, in addition, the body shop likely has garagekeepers coverage which would also apply. It is different from your own auto coverage and essentially covers negligence by the repair shop while it has custody of your car. You are well advised to confirm the existence of that coverage prior to entrusting your car to the repair facility.
What type of insurance is needed for a sightseeing tour bus?
Commercial vehicle Insurance with "For Hire" coverage. Basically the same type of coverage a Taxi Cab would need.
Does drive other car coverage offer personal liability to driver of company vehicle?
No. Your personal auto Insurance Policy provides NO coverage for Company owned or commercial vehicles.
Who pays for your stolen vehicle?
If you have comprehensive coverage on your vehicle, that is the coverage that will pay for your stolen vehicle.
What are the usual differences in a commercial vehicle to an everyday one?
A personal vehicle is one that is typically used by one person, either for personal or business use. A commercial vehicle is normally not used for personal use. It may be a vehicle used to transport hazardous material, or a vehicle in need of higher liability insurance coverage.
