Even though it says auto, it’s for commercial vehicles including cars, trucks, and trailers. Like your personal auto insurance, it’s a separate policy.
Hired and non-owned auto can be found on either a commercial auto policy or a business owners policy. If your office manager goes to the post office on your behalf and gets into an accident her insurance is primary and yours kicks in after hers.
The physical damage includes collision and comprehensive coverage for your vehicles. The liability insurance includes: bodily injury, property damage, uninsured motorist, and underinsured motorist coverage. Other coverage includes: medical payments, towing & labor, rental reimbursement, and auto loan or lease gap coverage.
Collision insurance – Pays for damage to your vehicle if you hit another vehicle, another vehicle hits you or your vehicle rolls over, regardless of who is at fault. Collision coverage may be needed if your vehicle is financed or leased .
Comprehensive insurance – Pays for damage to your vehicle from causes other than an accident. Such causes may include theft, flood, vandalism, earthquakes, fire or damage from a bird or animal
Liability insurance – Covers bodily injury to others and any property damage to another vehicle if you are at fault in an accident. Bodily injury pays others’ medical costs and lost wages, and your legal expenses if a lawsuit is brought against you due to an accident
Uninsured motorist coverage – Pays for your injuries or property damage if you are hit by an uninsured driver or, in some states, an unidentified driver
Underinsured motorist coverage – Protects you if the at-fault driver does not carry enough liability insurance to cover your bills – unless you live in a no-fault state, where each driver’s auto insurance policy responds to their own losses
Roadside Assistance – Protects you when problems arise that are not typically handled under your commercial auto policy. This could include being locked out of your car, dead batteries, and flat tires
Hired auto physical damage with loss of use coverage – Covers comprehensive and collision damage to a leased or rented vehicle, as well as any other contractual obligations to the leasing or rental company
Auto loan or lease coverage – Covers the difference between the unpaid amount on the loan or lease and the actual cash value of the vehicle, if your vehicle is a total loss after an accident
Rental reimbursement – Pays for a rental car up to the limits of your policy so you have transportation after an accident
Medical payments or personal injury protection coverage – Pays for medical expenses if your health care insurance – or your passengers’ – does not cover the costs
