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Disclaimer:
The abbreviated outlines of coverages used throughout this proposal are
not intended to express any legal opinion as to the nature of coverage.
They are only visuals to a basic understanding of coverages. Please read
your policy for specific details of coverages.
Motor
Truck Cargo Coverage
Covered Property means lawful goods and merchandise of others that "you"
have accepted for transportation under a bill of lading, tariff, shipping
receipt or contract of carriage as a motor carrier. Such property is covered
while in due course of "transit" in "your" care, custody
or control or in the custody of a connecting carrier-so long as some portion
of the transportation was performed in, on or attached to an "auto"
"you" own or operate.
Commercial
General Liability Coverages
The Commercial General Liability Policy provides the insurance protection
needed to pay damages for bodily injury or property damages for which
the insured is legally responsible. The policy provides coverage for liability
arising from personal injury and advertising injury. Coverage for medical
expense is provided. The policy covers accidents occurring on the premises
or away from the premises. Coverage is provided for injury or damages
arising out of goods or products made or sold by the named insured. The
insured is the named insured and the employees of the named insured. However,
several individuals and organizations, other than the named insured, may
be covered, depending upon certain circumstances specified in the policy.
In addition to the limits, the policy provides supplemental payments for
attorney fees, court costs, and other expenses associated with a claim
or the defense of a liability suit.
Liability
Coverage
The liability coverage of the commercial auto policy provides protection
against legal liability arising out of the ownership, maintenance, or
use of any insured automobile. The insuring agreement agrees to pay damages
for bodily injury or property damage for which the insured is legally
responsible because of an automobile accident resulting from the ownership,
maintenance or use of a covered auto. The insuring agreement also states
that, in addition to the payment of damages for which the insured is legally
liable, the insurer also agrees to defend the insured for all legal defense
costs. The defense costs are in addition to the policy limits
Medical
Payment Coverage
The insuring agreement states that the insurer will pay all reasonable
and necessary medical and funeral expenses incurred by an insured because
of bodily injury caused by and accident. The insured is the named insured,
the insured's employees and guests, and any other person occupying a covered
auto. These payments are made without regard to fault.
Uninsured
Motorist Coverage
This insuring agreement pays for bodily injury to any insured that is
injured by an uninsured motorist, a hit-and-run driver, or a driver whose
insurer becomes insolvent. These benefits are paid under the named insured's
policy
Underinsured
Motorist Coverage
This coverage is added to supplement the Uninsured Motorist Coverage.
The coverage applies only when the other driver has liability limits at
the time of an accident, but the liability limits carried may be insufficient
to pay for damages for which the driver is responsible. This is when the
insured's underinsured motorists coverage applies, and payment for the
difference can be made. The two coverages are mutually exclusive and do
not overlap or duplicate each other.
Personal
Injury Protection (PIP)
PIP is an endorsement that adds no-fault benefits. No-fault means, in
the event of an automobile accident, each party collects from his or her
own insurer regardless of fault. The PIP endorsement is only available
in certain states with No-Fault Laws. The endorsement applies only to
bodily injury and not to property damage (the state of Michigan is the
exception to property damage). No-fault Laws vary widely from state to
state.
Owned
Auto
Coverage is provided for all autos owned by the named insured. The owned
auto symbol is used for liability insurance only.
Non-Owned
Auto
Coverage is provided only for autos not owned, leased, hired or borrowed
by the named insured. Coverage includes autos owned by the insured's employees
or members of their households, but only while used in the named insured's
business or personal affairs.
Hired
Auto
Coverage is provided only for autos leased, hired, rented, or borrowed
for use in the named insured's business.
Blanket Lessee Coverage
Who is an insured? The lessee to whom you lease, under a written lease
agreement, a covered "Auto you own or hire if used in the business
or the lessee, but not operated by the lessee, and under the written lease
agreement you indemnify or hold the lessee harmless for automobile "bodily
injury" or "property damage" liability.
Physical Damage
Coverages
Collision
Coverage
Coverage provides protection against loss or damage to a covered auto
or a non-owned auto resulting from the impact with another vehicle or
object. Collision losses are paid regardless of fault.
Comprehensive
Coverage
Coverage provides protection against loss or damage to a covered auto
resulting from loss other than collision or upset. This coverage also
provides supplemental payments for transportation expenses in the event
of total theft of a covered auto or a non-owned auto. Coverage begins
forty-eight hours after the theft.
Specified
Cause of Loss
Provides coverage against loss from fire, lightning, explosion, theft,
windstorm, hail, earthquake, flood, mischief, vandalism, and sinking,
burning, collision or derailment of a conveyance transporting the covered
auto.
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Coverage
Options