FRIDAY, JANUARY 29, 2021
Commercial Auto Insurance Coverage for Vehicle Fires
A vehicle fire is one of the most dangerous situations that any driver could ever face. If one of your commercial vehicles is the victim, then the ramifications could include thousands of dollars in losses, or even a totaled vehicle. That’s something that no business owner wants to face, but if they have commercial auto insurance, they will be able to afford the costs of recovery much more easily.
Commercial auto insurance is important for any business that owns automobiles, whether it is a single car or a fleet of vehicles. These vehicles are too important to ever neglect to insure, and a vehicle fire is one of the clearest examples of why you need coverage.
The Causes of Vehicle Fires
Like all other types of auto insurance, commercial auto insurance covers a company’s vehicles against unexpected, unavoidable hazards. Often, a vehicle fire falls under this coverage definition.
However, commercial auto insurance is very strict in that it will only cover unexpected and unpreventable vehicle fires. Therefore, a fire that occurs due to poor maintenance and upkeep might not have coverage. Should your company fail to maintain its vehicles, then you will often face a significant risk of a denied claim.
Consider how to properly maintain your vehicle so that your insurer will always be able to approve any fire claim:
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Keep records of inspections and oil changes. Your insurer will want to know that you have maintained your vehicle, so that there’s never a question about whether a fire was your fault.
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Always have your vehicle checked and fixed at regular maintenance intervals. Most vehicle manufacturers recommend oil changes, filter changes, tire rotations and other maintenance every 5,000 – 10,000 miles.
By keeping records of your maintenance, you will better prove that you have done everything you can to prevent a vehicle fire. Therefore, you are much more likely to face an easy claims process.
How Will Commercial Auto Insurance Apply to Vehicle Fires?
Your commercial auto policy will apply to any number of other causes of vehicle fires, such as:
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Electrical fires.
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Lightning strikes.
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Gas leaks.
To determine exactly what perils your commercial auto policy covers, examine your policy and speak to your insurance agent. If your policy includes comprehensive damage protection, then you will have the coverage that will pay for damage from hazards other than collisions, fires included. However, deductibles, exclusions and other coverage limits will apply.
Though keeping your commercial vehicle in good condition is important, commercial auto insurance is there to help you in case of the accidents you could least expect. Let our agents help you get optimized benefits.
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