What is Commercial Auto Insurance and what will qualify your Vehicle for Auto Insurance?

Florida commercial auto insurance offers protection and coverage for the vehicle you lease along with the name of the company which owns it. The insurance protects the commercial vehicle of your company, your assets and also your employees. So, whatever comes along with your business ownership, stays protected. Having such insurance can really protect companies from financial losses on the occasion when the vehicle causes some damage. It is there to protect your business and simultaneously offers high level of accountability, financial benefits to fight out the claims.

What actually is a commercial vehicle?

A commercial vehicle may be of different sizes, makes and models. It can be tractor trailer or a semi-truck. You can classify buses, vans, trucks, lorries, coaches, etc, as commercial vehicles. In Florida, a commercial vehicle is defined as that vehicle which is not state or government owned. Vehicle having gross weight of 26,001 pounds or more are classified as commercial vehicles. It is Gross Vehicle Weight Rating or GVWR that is used to classify the commercial vehicle.

Qualifying your vehicle for commercial auto insurance

There are various factors that determine whether a vehicle qualifies for commercial auto insurance or not. So, if you own an SUV, a truck or a coach, it is great to buy commercial auto insurance to protect it. Following are the determining factors:

• The title of your vehicle must be under the name of a company
• There must be a sole proprietor of the vehicle even if it is used for commercial purpose.
• The vehicle, although being a leased one, should be under the name of a company
• The commercial vehicle must have the minimum weight of 26,001 pounds. If it does so, the vehicle will be a commercial one.
• A variety of commercial vehicles used for offering services to people can qualify for auto insurance. They include flatbed trucks and dump trucks, garbage trucks, tow trucks and semi trucks, front loader trucks, etc.
• Some other vehicles like cargo vans, vans, SUVs are commercial vehicles qualifying for auto insurance.

So basically it is the GVNR which qualifies a vehicle for commercial auto insurance. There are many companies offering insurance policy.

The need for taking auto insurance coverage

Commercial auto insurance may cover you for variety of claims. The most important coverage it offers is the bodily injury. You may get involved in an auto accident unfortunately. The insurance will protect you from the claim. The body injury protection will cover medical cost incurred by the other person. Some of the auto insurances also offer collision coverage whereby the damages done to the other vehicle or your vehicle during an accident gets covered. If the deductible is lower, your monthly premium will be higher. It even covers the claims for damage done to the personal property.

Florida commercial auto insurance offers a complete round of protection. It covers the vehicle, the medical costs and offers a protection from personal injury claim.

About the Author:

The author of the article has an extensive knowledge in the field of Florida Auto Insurance Quotes and Homeowners Insurance Miami.

Allstar Assurance can help you to get great coverage at great rates through the multiple Insurance Companies they carried. Each home insurance policy is different.