Texas Auto Home Insurance understands the stress and anxiety experienced by contractors and other commercial business owners who are presently experiencing extreme costs from the increasing gasoline prices. With rising overhead, many feel that cost of commercial truck insurance is an added burden on top of other costs that are already seriously eroding their profit margins. These increases in operating expenses certainly bring pressure on the business owner to seek other ways of decreasing operating costs, and many often feel that reducing coverage on their commercial truck insurance will offer them reduced overhead and better profit margins. This is neither necessary nor advisable because perils exist regardless of the state of the economy, and coverage is essential to protect one’s interest regardless of the spirit of the times.
Texas Auto Home believes there are innovative ways to provide rate relief without decreasing protection.
Limited usage classification
If a truck is used for specific or limited purposes, it may fall into what we refer to as a limited usage classification. Commercial truck insurance rates are lower for vehicles classified with this status and allow the owner to take advantage of reduced premiums.
Temporary Vehicle Coverage at No Additional Cost
Texas Auto Home Insurance realizes that added costs now require the business owner to be very frugal in purchasing and adding trucks to the commercial insurance policy. In many instances, business owners have to be innovative and make use of use of temporary vehicles. Texas Auto Home Insurance now has the ability to afford the commercial truck insurance policyholder physical damage coverage for temporary vehicles at no additional cost.
Lease Deficit Protection on Truck Insurance
Many times leased commercial vehicles acquired by the business owner depreciate more rapidly than anticipated due to usage and or mileage. Texas Auto Home Insurance has found a means of protecting the business owner from a deficit should the leased or owned vehicle at the time of a claim be found to be valued at less than the amount owed on the lease or loan. Texas Auto Home Insurance can now provide "Lease and Loan Gap Coverage" to put the owner of the insured commercial truck back in the same position they were in before the loss
This can be done at no additional cost to the commercial truck insurance policy.
Blanket additional insured protection
Texas Auto Home Insurance is aware that there are many added costs to the commercial truck insurance policy arising out of premium increases due to added coverages required by a municipality or general contractor with whom the insured in doing business.
One such form of overage is the "additional insured" clause. It is written for the purpose of covering the municipality or general contractor for claims arising out of the negligence of the insured business owner. Texas Auto Home Insurance now can offer "blanket additional insured protection" without additional cost to a commercial auto or commercial truck insurance policy.
