The Commercial Auto Insurance Policy Add-Ons You Need to Know About

Your commercial auto policy might be good, but is it perfect? When it comes to commercial auto insurance, you have a lot of options to pick from. Below, we’re covering the best policy add-ons around.

Add-On One: Gap Coverage

Gap insurance will allow you to pay the difference between your settlement and the remaining loan cost.

Add-On Two: Roadside Assistance

Company vehicles can break down from time to time, and whether it’s an empty gas tank, dead battery or flat tire, these issues can be big inconveniences. If you or one of your drivers get caught in this situation, then you naturally will want easy access to assistance. A roadside assistance benefit will allow your insurer to dispatch an approved service provider to your location, usually at no charge, and they can have you back on your way in no time.

Add-On Three: New Vehicle Replacement Coverage

Should one of your company vehicles get totaled in an accident, you will want to replace it. This coverage will ensure that your policy pays you the amount of money necessary to buy a new model for the same vehicle.

Add-On Four: Rental Reimbursement

Sometimes, you will need to rent a vehicle if one of your fleet vehicles is being repaired after a covered insurance claim. This coverage can supplement those costs to lessen your own burden. This coverage does not cover if a vehicle is being repaired for routine maintenance.

Double-check your commercial auto insurance policy before buying add-ons. A lot of base policies are customizable. Sometimes, you won’t need add-ons.

Once you’ve bought a base insurance policy, ask about the add-ons. Chances are, your fleet—and your employees—could use some extra coverage. Between breakdowns and rentals, your expenses might get a little high. Don’t leave your drivers without transportation. Get the best auto insurance policy options available.