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Songer Benefits, Inc. Blog

All You Ever Wanted to Know About Insurance

Commercial Business Automobile

Commercial auto is a combination of coverages to protect the assets commercial insured. Both first party type coverages and third-party protection are afforded.

First party coverages: first-party coverage provided physical damage coverage to insureds vehicles and take the form of:

-Comprehensive (other than collision) 
Comprehensive coverage is an option that deals with most kinds of damaged that might  happen to the insured vehicle other than a collision with another object or covered vehicles overturn. The covered perils such as fire theft vandalism falling object flood collision with animals and the like. 

-Specified causes of loss
Specified Causes of loss provides coverage for damage to an insured's vehicle when a specifically named peril causes the loss. These perils are fire, explosion, theft, windstorm, hail, earthquake flood mischief or vandalism sinking burning collision for the derailment of any conveyance transporting the covert auto. 

Insureds either choose comprehensive or specified calls of loss but not both. Most insureds choose a comprehensive coverage option. But specified causes of loss is an option available if an insured wants to reduce costs since it is cheaper than comprehensive coverage. 

Collision provides coverage for damage to insurance vehicles when the loss is caused by the covered autos collision with another vehicle, or it overturns. A collision is a supporting coverage which means it is only written when needed comprehensive or specified perils coverage is also provided for the vehicle. Collision cannot be written as standalone coverage. 

If you own a business in Beckley West Virginia or surrounding area and have commercial vehicles that need insurance, please call one of our agents at Songer Insurance Agency in Beckley West Virginia. We will discuss all your options with your commercial business automobile to help you stay protected from financial loss.