Business Auto Comprehensive CoverageThis coverage provides protection to an insured auto for covered losses not caused by collision or from the auto being overturned. It typically provides protection including but not limited to covered loss caused by fire, theft, hail, flood or vandalism. Comprehensive Coverage is usually required if you have a loan or lease on your business vehicles. Here, you choose a deductible amount instead of a limit. The deductible is the portion of a covered loss that you pay before the insurance company becomes responsible for payment under the policy. A larger deductible usually means a lower premium. This is a brief description; it's not part of any contract of insurance. The policy terms and conditions determine whether a loss is covered and if so, to what extent. |