Commercial Automobile Policy and Commercial Package Policy

What is the Motor Carrier Coverage Form designed for?

• Businesses that transport goods for hire or private carriers.

• Individuals seeking personal auto insurance.

• Companies providing home insurance coverage.

• Organizations focused on health insurance plans.

What are common exclusions in the Commercial Automobile Policy?

• Intentional acts, employee injuries, handling of property before loading or after unloading, use of mobile equipment, and racing or organized speed contests.

• Coverage for personal vehicles used for business purposes.

• Liability for damages caused by uninsured motorists.

• Accidental damage to personal property during transportation.

What does the Louisiana – Lessor – Additional Insured and Loss Payee endorsement do?

• Adds the lessor as an additional insured and loss payee for leased vehicles.

• Removes the lessor from the insurance policy.

• Increases the premium for leased vehicles.

• Provides coverage for personal property of the lessor.

What does Physical Damage Coverage protect?

• The insured’s own vehicles, including collision, comprehensive, and specified causes of loss.

• Only third-party vehicles involved in an accident.

• Personal property inside the vehicle during theft.

• Medical expenses for injuries sustained in an accident.

What does Symbol 1 (Any Auto) provide?

• The broadest coverage, including owned, hired, and non-owned autos.

• Coverage only for owned vehicles.

• Limited coverage for hired vehicles only.

• No coverage for non-owned vehicles.

What are common exclusions in a CPP?

• Earth movement, flood, war, nuclear hazard, wear and tear, and governmental action.

• Fire damage, theft, vandalism, and earthquake.

• Personal liability, medical payments, and property damage.

• Loss of income, business interruption, and equipment breakdown.

What are the insured's duties after an accident or loss?

• Promptly notify the insurer, cooperate with investigations, send legal documents received, protect the vehicle from further damage, and permit inspection and appraisal.

• Only notify the insurer and wait for their instructions.

• Immediately repair the vehicle without notifying the insurer.

• Ignore the accident and continue using the vehicle as normal.

What does Builders Risk coverage include?

• Buildings under construction, including materials, supplies, and equipment on-site or in transit.

• Only the completed structure after construction is finished.

• Personal property of the owner, including furniture and appliances.

• Liability coverage for accidents occurring on the construction site.

What is the Auto Dealers Coverage Form tailored for?

• Coverage for personal vehicles only.

• Coverage for auto dealerships, combining liability, physical damage, and garage operations coverage.

• Coverage for motorcycle dealerships only.

• Coverage for rental car companies.

What is Drive Other Car Coverage used for?

• Extends coverage to non-owned autos driven by executives or employees without personal auto policies.

• Provides coverage for personal vehicles used for business purposes.

• Covers damages to rental cars only.

• Offers liability protection for drivers without insurance.