Commercial Auto Insurance in Coeur d’Alene, Hayden Lake, Post Falls, Sandpoint, Spokane, and Spokane Valley
Work vans, delivery vehicles, semi-trucks, utility vehicles. These all have commercial vehicle insurance for them, which is different than your personal auto insurance. But those are just a few examples, and even a regular car or SUV could be used by a Post Falls business and require commercial vehicle insurance. As you might guess, there are similarities and some differences as well between personal auto insurance and commercial vehicle insurance.
Whatever your Spokane Valley business is, if you use a vehicle for any part of it, you’ll need to call Inland Insurance to make sure that you have the right commercial vehicle insurance in place. You don’t want to get caught without the right insurance for your business.
What Are The Similarities And Differences
We mentioned that there are some similarities between personal auto insurance and commercial auto insurance in Sandpoint. These include liability coverage, personal injury coverage, collision coverage, comprehensive coverage, as well as the uninsured and underinsured coverage. While these similarities exist, even within these similarities there are differences. Commercial policies have higher liability limits versus personal policies, for example.
So what about the differences between personal auto insurance and commercial auto insurance? One of these differences is specialized coverage for trailer interchanges. This covers trailers that your Coeur d’Alene business uses that are owned by another company. Another difference is rental reimbursement with downtime. What this means is that the insurance will cover your cost to rent a temporary replacement vehicle while yours is getting repairs.
The third difference between personal auto insurance policies and commercial auto insurance policies is hired vehicle coverage. This means that when you rent vehicles for employees or clients, your insurance covers that Hayden Lake rental. Lastly, there is the non-owned vehicle coverage aspect. This means that your insurance covers the personal vehicles of employees when they use their own vehicle for company business.
Commercial Auto Insurance Is Affordable
For many people, when they hear that something is for the commercial audience, they immediately think that it will be very expensive. That just isn’t so. Is commercial auto insurance a bit more expensive than personal auto insurance? Typically yes, but that is because of the higher coverage limits compared to personal auto insurance. And discounts that you would get with personal auto insurance, such as a multiple policy discount, also can apply for commercial auto insurance. So call Inland Insurance today to learn the options you have for Spokane commercial auto insurance.