Auto Insurance

Types of Auto Insurance Necessary for Commercial Fleet Businesses

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Owning a commercial business with a fleet requires an understanding of basic legal requirements and insurance needs. If you’re located in Birmingham, AL, understanding the types of insurance that are necessary for commercial fleets is essential. At Birmingham Insurance Agency LLC, we’ll work with you to find coverage that’s suitable and adequate for your particular industry.

Is Commercial Fleet Insurance Required?

If you own a business that involves a commercial fleet, you’ll need to obtain the right insurance policy for adequate protection. Because fleet vehicles are on the road more than traditional cars or trucks, commercial insurance is a must. Fleet insurance protects your vehicles against damage and also covers your employees while they’re on the road.

Types of Commercial Insurance for Fleets

Commercial insurance types for fleets in Birmingham include:

  • Commercial auto liability insurance is required by law in Alabama. This insurance covers property damage and bodily injury if your driver is at fault for an accident.
  • Physical damage coverage, including comprehensive or collision policies, covers repairs and/or replacements after an accident.
  • Uninsured/underinsured motorist coverage protects a fleet if you’re hit by a driver who does not currently have coverage or adequate protection.
  • Cargo insurance is ideal for freight fleets and delivery vehicles, protecting them from losses and damage to goods during transportation.
  • Fleet umbrella insurance offers additional protection above base policy offerings. Fleet umbrella insurance is essential for high-risk industries and provides coverage for large lawsuits.

Whether you’re launching your first commercial business or you’re interested in adding to an existing fleet, you’ll want to do so with proper insurance in place. To learn more about commercial fleet insurance, turn to an agency you can trust. For commercial fleet owners and operators in Birmingham, AL, contact Birmingham Insurance Agency LLC to learn more about add-ons that can protect your fleet investment today.

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Buying Alabama Auto Insurance: Requirements and Coverage Options

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Before you purchase your first new car and park it in your Birmingham, AL, driveway, ensure your auto insurance policy covers both your liability and your vehicle. While Alabama requires every driver to have liability coverage, this only protects other road users. Your insurance agent at Birmingham Insurance Agency LLC can help you protect your vehicle and yourself with optional coverage.

Adding Coverage

Alabama mandates auto insurance with bodily injury and property liability coverage. To safeguard your financial security, consider adding the following types of coverage:

  • Collision: This covers vehicle damage incurred in an accident, whether self-caused or caused by another person.
  • Comprehensive: This covers vehicle damage caused by a named peril, such as fire or vandalism.
  • Personal Injury Protection (PIP): This covers injuries to a driver and their passengers regardless of who caused an accident, and sometimes covers lost time from work.
  • Medical Payments: This covers injuries to a driver and their passengers, regardless of who caused an accident.
  • Roadside Assistance: This covers emergency mechanical assistance, such as tow trucks, locksmiths, and gas delivery when a driver runs out of fuel while on a trip.

While some states require PIP or medical payments coverage, Alabama makes it optional.

Contact Us Today

Don’t drive in Birmingham, AL, without the auto insurance coverage you need. Let one of the helpful agents at Birmingham Insurance Agency LLC assist you in building a custom policy. Contact us today to determine the auto insurance coverage types you need and drive on Alabama’s roads knowing your finances are protected.

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Do You Need Gap Auto Insurance?

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Whether you primarily drive in Birmingham, AL or the surrounding rural areas, it’s crucial to have the right kind of auto insurance to meet your specific needs. There are several types of insurance you’ll want to consider. Gap insurance is a type of optional or add-on insurance that many people choose to have or are sometimes required to have.

What is Gap Auto Insurance?

Gap (Guaranteed Asset Protection) Insurance is considered optional insurance that would pay off the remainder or at least part of a car loan if the car is stolen or totaled in an accident. This coverage can help drivers pay the “gap” between what they still owe on a financed car and the actual cash value of the car. The cost of gap insurance would depend on a variety of factors. These would include your age, any previous auto insurance claims you may have had, and the actual cash value of your vehicle.

Do You Need Gap Insurance?

The following are a few different reasons a person might need gap insurance:

  • You would definitely want to consider purchasing gap insurance if your car is worth less than the amount you still owe on the vehicle.
  • Your loan provider may require you to have gap insurance.
  • If you are leasing a car, the lease may stipulate that gap insurance is required.

Contact Birmingham Insurance Agency LLC

If you think you might need gap auto insurance, you’ll want to contact an agency to find out what type of policy will work best for you. It’s important to find a qualified agent serving the Birmingham area to make sure you are completely covered for any situation. Call Birmingham Insurance Agency LLC today in Birmingham, AL for more information.

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