Which Commercial Auto Insurance Do You Need?

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Which Commercial Auto Insurance Do You Need?
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An Overview

• If you are using commercial sequence for business
  Purposes, then is you need to invest in
  commercial vehicle insurance policies. Vehicles
  such as passenger carrying vehicles, goods
  carrying vehicles, Vans, tractor, taxis, Grains
  etc. require commercial vehicle insurance. If you
  want your business to like smoothly then you need
  to invest in a Good Commercial insurance policy.
  Rider insurance is a commercial auto insurance
  company in Maryland that can help you get the
  right commercial insurance policy for your
  vehicles.

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Lets dive into some different types of
commercial auto insurance that you should know

• Third-Party Insurance
• Comprehensive Insurance

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Third-Party Insurance

• According to the motor vehicles act passed in
  1988, every vehicle owner should invest in a
  commercial vehicle insurance policy. Third party
  insurance ensures the vehicle against any legal
  liabilities that can arise due to damage. The
  best part is that hundred percent compensation is
  provided to the third party in the event of
  permanent total disability and death. On the
  other hand, 50 compensation is provided in case
  of loss of site or limb.

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Comprehensive Insurance

• Clearly, this type of insurance is completely
  optional. In fact, it is not mandatory by law as
  well. Investing in a comprehensive insurance
  policy can help you get coverage for damages
  caused to your vehicle, third party or property.

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Factors that influence the premium of commercial
vehicle insurance

• The most important factors that affect the
  premium you pay for third party are
• Vehicles age
• Sub class GCV/PCV/Tractor etc.
• Fuel type
• Make and model
• Insured declared value
• Location of registration

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Thanks!
Contact Us info_at_riderins.net? 1 (410)
828-1555? www.riderins.net?