The Commercial Auto Insurance Policy Add-Ons You Need

Your commercial auto policy might be good, but is it perfect for you? 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 1: Gap Coverage

Commercial auto insurance gap coverage is one of the most important add-ons. If one of your fleet vehicles gets damaged, gap coverage can help. It pays the difference between the vehicle’s loan amount and your insurance coverage.

Add-On 2: Roadside Assistance

Roadside assistance protects your finances if one of your vehicles breaks down. You can usually receive this protection at a minimal increase to your rates. If one of your fleet’s automobiles gets a dead battery, roadside assistance coverage can help. Or, if one of your cars gets a flat tire, it might cover the towing and a replacement.

Roadside assistance coverage doesn’t cost much. You can also customize it to meet your fleet’s needs, giving you better control when disaster strikes.

Add-On 3: New Vehicle Replacement Coverage

If you’re like most businesses, you’ll need to replace your vehicles following an accident. A lot of businesses thrive on vehicle replacement coverage. It might help you pay for a new car of equal or lesser value.

Add-On 4: Rental Reimbursement

If your fleet needs rental vehicles, this add-on will pay for them. Your policy’s limit determines this add-on’s value. So, you’ll need to make sure you have enough coverage. Rental reimbursement is useful if one of your vehicles gets into an accident, as it will assure you have a transportation backup.

Add-On 5: Expanded Towing

An expanded towing add-on will cover your vehicles well beyond your business’s standard auto policy. It’ll also cover tows, jump-starts and small roadside repairs. As with other add-ons, you can modify your towing add-on to meet your fleet’s needs.

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. Providers offer coverage for businesses with unique fleet needs, too.

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 Shreveport commercial auto insurance policy options available.