Should I get comprehensive coverage?
Damages to your business vehicle may not always be caused by a collision with another vehicle or object. Your vehicle may be vandalised, stolen, or perhaps damaged in a hail storm. Comprehensive insurance will respond to repair your vehicle, or if the vehicle is found to be unrepairable, the Actual Cash Value of the vehicle would be determined and paid.
Should I add collision coverage?
Unless your policy contains collision coverage, there would be no option to repair damage to your own commercial vehicle in an at-fault loss. By adding collision coverage, you can rest easy knowing that if your vehicle is damaged in an accident where you are at fault or if you are hit by an unidentified vehicle (hit and run), collision coverage will respond to repair your vehicle. If the vehicle is found to be unrepairable, the Actual Cash Value of the vehicle would be determined and paid.
