For people with small businesses that have dedicated vehicles, some of these business owners may think that getting a Commercial Vehicle Insurance Quote in Waukesha Wisconsin is unimportant. If they have personal insurance coverage, they may think there isn’t really much of a need for dedicated commercial vehicle insurance. Unfortunately, this is typically said by people with little experience in the business industry, and it couldn’t be any further from the truth.
There are many differences when it comes to personal vehicle insurance, compared to commercial vehicle insurance, that a person should be aware of before getting a Commercial Vehicle Insurance Quote in Waukesha Wisconsin. The first difference is that personal insurance benefits an individual, as well as the vehicle the person is driving. Commercial insurance benefits the business and the vehicle. Because of the many different people that may actually drive the business vehicle throughout its lifetime, the coverage and focus aren’t on the individual; it’s in the business.
Commercial vehicle insurance may also require higher levels of coverage because of work-related items being in the vehicle. For example, if it’s a delivery vehicle, the insurance policy will need to cover any potential damages to the vehicle as well as covering the cost of replacing items left in a work truck, such as tools and repair parts that may be damaged or lost.
While the technical differences in commercial insurance as opposed to personal insurance are far too numerous to get into in this article, there is one important thing to remember. Should a claim be made on a personal vehicle when the vehicle is being used for business purposes, that claim could potentially get rejected? Since insurance companies view commercial insurance, and personal insurance has two different types of coverage, one doesn’t necessarily bleed over into the next. This is why claims made on personal insurance policies when the vehicle was damaged in a work-related accident, can cause some problems.
The best thing to do is to speak with an insurance expert at P & C Insurance Services Inc. These insurance experts can answer any of your questions regarding commercial vehicle insurance, and which situations require this insurance and which ones don’t. If you want to learn more about this type of insurance without speaking to anyone, a quick informational visit to pc-insurance.net may be in order.
