Commercial Auto Insurance

Hired and Non-Owned auto - Liability and property damage insurance for a vehicle that is owned by an individual other than the company, but is used on a company's behalf. It is intended for those "incidental" accidents-such as those that might occur when you send an in-house employee on an errand to buy lunch or go to the bank.

 

No-Fault - Auto insurance coverage that pays for each driver's own injuries, regardless of who caused the accident. No-fault varies from state to state. It also refers to an auto liability insurance system that restricts lawsuits to serious cases. Such policies are designed to promote faster reimbursement and to reduce litigation.

 

Deductible - The amount the policyholder will pay when they make a claim on their collision or comprehensive insurance policy.

 

Liability Insurance - The part of your insurance policy that pays for the damages done to other people and their property. This extends to cover medical expenses, death benefits in the event of a fatality and reparation costs on vehicles and buildings as well as other property

 

Collision Insurance - An auto insurance policy that insures and covers damage to the policyholder's vehicle that was sustained in a car accident with another vehicle or property.

 

Comprehensive Insurance - An auto insurance policy that covers damage to the policy holder's vehicle that was not sustained in a motor vehicle collision, such as acts of God, impacts with an animal, fire, theft or other damage.