Commercial Auto Insurance in Saint Marys, PA
Pennsylvania companies using vehicles to conduct business must maintain specific minimum amounts of commercial auto liability insurance. The state’s minimum limits may change without notice, so you should check in with your agent at least once yearly to verify that your commercial auto policy complies with Pennsylvania’s regulations.
Contact Pacelli Insurance Agency today to build your customized business auto insurance plan.
How Much Commercial Auto Insurance Do I Need?
Companies based in Pennsylvania must maintain the following commercial auto insurance coverage:
- Bodily injury liability insurance may help pay for third-party accident-related injuries up to the policy’s limits.
- Property injury liability insurance may help cover third-party accident-related property damage claims up to the policy’s limits.
- Medical benefits (MedPay) may help cover accident-related medical bills up to the policy’s limits for you and others covered by your policy, regardless of fault.
Your agent may recommend that you purchase more than the minimum required limits to help provide appropriate financial protection.
Your company may also be subject to the Federal Motor Carrier Safety Administration (FMCSA) rules about public liability coverage if you operate certain heavy-duty trucks or semi tractors. Your agent can help you determine whether you must carry public liability insurance.
What Does Commercial Auto Insurance Cover?
In addition to covering liability and medical costs up to your commercial auto insurance policy’s limits, you plan may also provide coverage via the following optional policies and endorsements:
- Comprehensive and collision coverage may help pay to replace or repair your covered vehicle if it is damaged or destroyed. If your company finances or leases vehicles, your lienholder may require full coverage insurance, which includes this coverage.
- GAP insurance may help pay off your vehicle if it is a total loss after a covered accident or incident. Your lienholder may also require this coverage.
- Uninsured/Underinsured motorist insurance may help cover damage to your company vehicle if you are in an accident with a driver that doesn’t have appropriate insurance coverage.
- Hired and non-owned auto insurance (HNOA) may provide coverage for leased, personal and rented vehicles used by your company.
- Umbrella insurance may help cover property damage and bodily injuries when a liability claim exceeds the limits of your company’s other liability policies.
Your agent may also recommend that you tailor your coverage to include add-ons such as roadside assistance and rental reimbursement.
How Does Commercial Auto Insurance Work?
Commercial auto insurance may help provide coverage for business vehicles. Premiums are based on factors such as the vehicle type and value, claims history and the amount of coverage selected.
If your company must file a commercial auto insurance claim, an adjuster will investigate the incident and determine the cause and extent of damages or injuries. The insurance company will then work with your company to provide compensation for covered losses, such as vehicle repairs or medical expenses, according to the policy’s stated coverage.
Contact Pacelli Insurance Agency in Saint Marys, Pennsylvania, for personalized commercial auto insurance quotes from reputable insurance companies.