There are a few different types of motor fleet insurance policies that can help protect your business. Each type has its own set of benefits and drawbacks, so it's important to choose the right policy for your operations. Finally, some businesses opt for auto theft protection as part of their motor fleet guarantee policy. This coverage helps to cover the cost of replacing stolen vehicles in your fleet.
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Collision: This type of policy covers accidents that occur while your vehicles are in motion. It typically includes coverage for bodily injury, property damage, and loss of vehicle value.
Comprehensive: This type of policy covers both liability and collision protection. It provides additional benefits such as roadside assistance, rental car coverage, and legal fees.
Uninsured/Underinsured Motorist: This type of policy protects you if someone drives their car into yours without insurance or fails to carry adequate insurance. Coverage typically includes property damage, bodily injury, and death.
Rental Car: If you rent cars from a fleet company, make sure you have Rental Car Insurance with them as well. This will cover you in the event that one of your vehicles is involved in an accident.
Another common type of fleet insurance is collision coverage. This provides financial protection in the event that one of your vehicles crashes into another vehicle, person, or object.