When driving a business vehicle, you probably keep quite a few important items inside. Sometimes, those items have considerable value. So, if your vehicle gets stolen, you might lose more than your car. Can your insurance help you replace vehicle contents?image of commercial vehicle

In most cases, your commercial auto insurance will prove a vital asset to you in cases of vehicle theft. Nonetheless, you might need other types of coverage to protect possessions within. Together, various pieces of business insurance will help you create less risk.

Commercial Auto Insurance for Theft

If your business vehicle gets stolen, then that’s a big loss to you. But, if you have commercial auto insurance on the vehicle, then you might have recourse. If you have comprehensive insurance, then you’ll likely have coverage for theft costs. This coverage pays for non-accident losses. It can help you make repairs to a recovered vehicle or replace a lost one.

Keep in mind, comprehensive insurance is an optional coverage element in most states. Thus, unless you opt to carry it, your policy might not include it automatically. Also, if your policy doesn’t include replacement value coverage, then it might not pay the full value of a new car. It might only pay the missing car’s cash value at the time of the loss.

Also, one area that your commercial auto policy likely won’t help you at all is with your vehicle's contents. You might need to use other coverage to help you insure items that aren’t part of the car itself.

Insuring a Commercial Vehicle’s Contents

Think about what you might transport in your vehicle. Items might include cash for deposits, electronics, cargo and the possessions of clients. If a stolen car contained these items, then you might lose more than only the vehicle’s value.

Commercial auto insurance might not cover the lost contents of the vehicle. However, other policies might do so.

Your business’s possessions insurance might cover various personal possessions in the vehicle. Let's say you paint houses. If someone steals the truck with materials inside, this policy can often help you.

You might also benefit from various forms of inland marine insurance. This coverage applies to items lost or damaged while in transport within your car, or in your care. Usually, it contains coverage for expensive items belonging to you, like computer systems.

Also ask about cargo insurance. This is a special type of inland marine coverage. It insures items belonging to your customers while you deliver them. Make sure you ask about it as well.

Your agent can help you determine the type and amount of commercial auto and possessions insurance for your needs. Let them guide you through the selection and enrollment process. Call 512-989-6006 to talk to a commercial auto insurance agent.

Also Read: For Commercial Fleets, Tire Care is Important

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