NLIC.org

Gerald Said:

what's the cheapest commercial vehicle insurance broker?

We Answered:

Try this site

usainsurancequotes.net

Here you can compare quotes from different companies

Jessie Said:

How can I get commercial vehicle insurance?

We Answered:

Call a local independent agent. Independent agencies will have multiple markets to shop you to. You can also try direct write companies like Allstate, Farmers etc. Who does your personal insurance right now? Give them a call first and see what they might have available.

Marion Said:

Question about insurance on commercial vehicle?

We Answered:

Years and years ago, my dad had a Ford F150 register and insured as a commercial vehicle. He was a lobster fisherman. I, and the rest of my licensed siblings, were able to drive the vehicle since it was registered under a business. He had an endorsement allowing "all drivers" to operate the vehicle. Things may have changed since then. So perhaps, he should just run this question by his agent.

He is correct about your second question. Since you do not live with your mother, you do not have to be listed since you are not a household member. You and she are covered as long as you are not a regular user and you have permission to use the vehicle.

Alexander Said:

i want to become Commercial Vehicle insurance agent ,,,?

We Answered:

Do you want to come an independent agent or an "captured agent"?

A "captured agent" mostly works with just one company like State Farm, Farmers, Allstate, ect. You just call the company and ask how to get contracted with them.

Heather Said:

What is the difference between Commercial Vehicle Insurance and Private Insurance?

We Answered:

Whether a PAP (personal auto) or BAP (commercial auto), the same rules & laws applies when resolving auto claims. The only difference is the amount of liability carried by each...BAP's are generally much higher than PAP. So to answer your question, NO a commercial carrier will not "replace" your totaled out vehicle. Both carriers have a duty to settle claims fairly & do their best to keep their insured out of court.

As for the settlement of a total loss....the law states if it's cheaper to total the car than repair it because the repairs exceed the value of the car, then the car must be totaled. Financially it doesn't make sense, whether it's your neighbor paying or some company with deeper pockets than your neighbor. You do have the option to "retain salvage," where you keep the car & you receive the value of your vehicle less the salvage amount. At that point you can pay to have it repaired if you want but the insurance won't give you additional money during the repair process to pay it b/c you have been compensated...you do not get to benefit from both.

My professional experience with commercial carriers has been they penny pinch right down to the last penny, and rarely ever do they directly pay a claim without it going thru subrogation first. On the rare chance they have stepped up and taken the repairs on first hand they have been slow to respond, slow to issue payments.

If your car is a total loss, have BOTH carriers provide you with a t/l offer and go with who ever gives you the higher amount.

April Said:

Commercial vehicle insurance vs. private: do I count as a commercial driver?

We Answered:

You do need to let your insurance company know about this use of your vehicle and yes it is considered commercial. And yes it does generally cost more because you are using your vehicle more than a person that just uses their vehicle to commute and stays put all day at work and then commutes back home. Once you notify your company, they will endorse your policy to include the commercial use and you will be assured coverage in the event of an accident.

The non-profit agency where you work should also have hired and non-owned auto coverage to protect themselves in case there is an accident involving your vehicle while on an errand for them. I can assure you that if you have an accident while running one of these errands you will be sued and the non-profit agency will be sued.

I hope this information helps. Good Luck