Does Your Auto Insurance Policy Cover Your Vehicle for Business Use?
To say that 2020 has been an interesting year would be a drastic understatement. All of us have learned to deal with difficult and impossible to imagine circumstances, circumstances that have often led to us changing our daily routines. The commute from the office might have become the bedroom to the living room. The employee break room where you have enjoyed a coffee break or a lunch hour is now your own kitchen. Professional meetings have largely taken place virtually rather than face-to-face.
But just because our work stations might look differently, the work you do has not changed. The daily demands and stresses of your job are still there, and they haven’t slowed down. Meetings still need to take place, errands still need to run, deadlines still need to be met.
Let’s visit the topic of errands for a moment. How often have you, whether or not you’ve been in the midst of a pandemic, needed to go out to the printer to pick up the event invitations? Have you ever made a surprise coffee run to treat the whole office? Did you ever need to pick up dry cleaning for the boss or go to a client’s office for a presentation?
If this sounds like you, chances are, your personal has been used for business. But does that mean that, in the unlikely and unfortunate event of an accident, that your company would not help cover automobile repair expenses?
Unfortunately, often it does not. Frequently using your vehicle for business purposes naturally puts more miles on your car, and more miles equate to more wear and tear. This means that more frequent maintenance will likely be needed on your car. However, Trusted Choice explains that there are three common exceptions to this rule: if you drive a private passenger auto, a pick-up truck, or a van, then you’re more often than not covered by your current insurance policy. You are also likely covered if you use a trailer for any of those vehicles. But keep in mind, that exceptions often do apply to these exceptions!
Sounds confusing? When in doubt, consider this advice from Economical.com; if you use your car for carrying passengers for hire (looking at you, Uber drivers), making deliveries that are part of a business, emergency transportation, or renting out your vehicle to others, then you may need to update the coverage on your personal car insurance.
Thankfully, a personal auto insurance policy can easily be extended to cover business use if it doesn’t already. That’s when you give Allstate Insurance agent Eric Kyer a call; he can not only review your current policy, but can help you add on additional coverage if it’s needed. Eric is an expert in working with his clients to provide policies customized to fit their individual needs. Countless people in the Dalton and North Georgia area have trusted Eric Kyer Allstate to provide them with the very best coverage in Auto, Home, Business and Life Insurance. For more information about what Eric and his knowledgeable staff can do for you, visit his website or contact him today to get a quote (706) 226-5240.
Sources:
https://www.lopriore.com/blog/personal-car-for-business-use/
https://www.trustedchoice.com/insurance-articles/business-use-of-my-personal-vehicle/
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