Cargo Van Insurance in Maine
Allen/Freeman/McDonnell Agency
Cargo Van Insurance
- What Is It?
- Who Needs It?
- Coverages Offered
Cargo van insurance is tailored for insuring non-passenger vans. Policies typically help protect the van, the cargo and the business.
- Last-mile deliverers
- Local couriers
- Florists
- Comprehensive Coverage
- Collision Coverage
- Bodily Injury Coverage
What is cargo van insurance?
Operating a vehicle always involves certain risks, but some types of vehicles pose more risk than others. Cargo vans, with their weight, size, and sometimes lack of traction, can be one such vehicle. For businesses in Maine that use these vans, cargo van insurance can provide invaluable protection if something happens.
Cargo van insurance is tailored for insuring non-passenger vans. Policies typically help protect the van, the cargo and the business.
What businesses in Maine require commercial van insurance?
Maine generally requires auto insurance in order to register a vehicle. For cargo vans, commercial van insurance is usually the best choice.
In cases where a van is financed or leased, lenders might also insist on their own requirements. These can be in addition to the state’s requirements. The state is mostly concerned about liability, while lenders mainly focus on protecting the van that’s their investment.
Since cargo vans are used in many different situations, these policies are purchased by a variety of businesses. Some examples are:
- Last-mile deliverers
- Local couriers
- Florists
- Bakeries
- Equipment leasing companies
- Furniture stores
- Tradespeople
- Contractors
There are still many others that may want this type of policy.
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What kinds of vans are insured with for cargo van policies?
Commercial van insurance policies are usually for either cargo and vans, or passenger vans. Most utility vans can be covered by one of these policies.
Passenger vans normally aren’t covered by these policies. Cargo van policies might have some coverages that passenger vans don’t require, and cargo van policies often have lower bodily injury liability and personal injury protection limits.
Is it possible to insure box trucks under cargo van policies?
Box trucks, given their size and capacity, typically require a truck insurance policy. Cargo van policies might accommodate box trucks in rare situations. This is uncommon, however, and usually not the best choice even if possible. A box truck insurance policy is normally a better option for straight and box trucks.
What kinds of protections come with commercial van insurance?
Commercial van policies offer an array of protection options. Some important ones to consider are:
- Comprehensive Coverage: Normally covers damage to a van resulting from incidents other than collisions with vehicles, such as falling trees, theft, or fire.
- Collision Coverage: Normally covers damage to a van resulting from collisions with other vehicles.
- Bodily Injury Coverage: Normally covers physical injuries sustained by individuals involved in an accident.
- Medical Payments Coverage: Normally covers medical expenses incurred due to injuries sustained in an accident.
- Property Damage Liability Coverage: Normally covers the cost of damage caused to other vehicles vehicles and non-vehicle property in an accident.
- Gap Coverage: Normally covers the financial gap between the van’s current market value and the remaining loan amount if the van is deemed a total loss.
- Uninsured/Underinsured Motorist Coverage: Normally covers collisions with uninsured or inadequately insured drivers, and also hit-and-runs.
Does commercial van insurance provide coverage for items in a van?
Most commercial van policies will cover what’s kept in a cargo van. Coverage for common inventory, supplies, tools and equipment is often included.
It’s still important to confirm that a policy does provide adequate protection, however. An insurance agent who knows commercial van policies well can help check.
Where can businesses in Maine find cargo van insurance?
If you need help insuring one or more cargo vans registered in Maine, contact us at Allen Freeman McDonnell Agency. Our independent insurance agents are well-versed in commercial auto policies, including cargo van insurance policies, and will make sure you find an option that’ll protect your business’s vans well.
