Insurance Forums

Auto Insurance Forum

What is the difference b/n private and commercial vehicle

Message

Author

	Add to del.icio.us
	Add to YahooMyWeb
	Add to Simpy
	Add to BlinkList

Posted: Thu Aug 27, 2009 8:28 pm Post subject: What is the difference b/n private and commercial vehicle

difference between private vehicle insurance policy and commercial vehicle insurance policy. are there any exclusion form each?

fikad_abebe

New member

Joined: 27 Aug 2009
Posts: 1

1.25 Dollars($)

Posted: Thu Aug 27, 2009 11:02 pm Post subject:

There are many differences.... to many to list here. Also, even personal and commercial policies differ from company to company. Some differences that come to mind.... Business Auto Policies (BAP) use symbols for coverage. For example, you will almost always find Symbol 1 for liability which is "Any Auto". There are symbols for owned autos only, scheduled autos only, hire autos, etc. The definition of an "insured" is much broader on the BAP. The BAP provides coverage for vehicles used in the scope of your employment. Personal Auto Policies (PAP) may not.

tcope

Forum Expert

Forum Expert

tcope

Joined: 22 Nov 2006
Posts: 3200

Location: Salt Lake City, UT
335.51 Dollars($)

Quick Reply

Your Name

Subject

Message body


All times are GMT
Page 1 of 1

Ask Community Experts

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs