Sometimes it is and sometimes it isn't. The same is true of personal auto insurance. Many insurance policies do not include automatic coverage for newly acquired vehicles. This is a real reason you need to have an agent that you can call and make sure before driving off the dealers lot with a vehicle that may or may not have insurance on it.
The commercial general liability policy provides coverage for liability not contents. If you only have the CGL then there is no contents coverage. Commercial policies are generally put together by adding different policies as needed for particular coverages. There are many different commercial policies that you can combine to become your complete commercial insurance coverage. Discounts are given for combining the policies. Some of the commercial policies available are commercial general liability, commercial auto, commercial property, commercial boiler and machinery, commercial property floaters, and many more to customize the coverages needed.
There are various kinds of commercial policies, like there are various kinds of personal policies. The big difference is that commercial lines coverage applies to business-related risks. The mechanism of obtaining commercial coverage starts with seeking an agent or broker that specializes in commercial lines coverage; it is vastly different from personal lines, so you will want someone skilled in the area. Whatever you do, make sure that the insurer is authorized to transact the kind of insurance that you are buying in the state where the policy will be issued. Also make sure that the agent is not only experienced in commercial lines coverage, but is licensed in the state where he/she does business.
Commercial liability umbrella insurance has many benefits to the company. The liability umbrella insurance is pretty inexpensive compared to other coverage policies. It also provides better protection and coverage.
Business insurance agencies typically sell insurance policies to commercial businesses. They sell property and liability policies, employee coverage and product liability.
Construed coverage is a rider added on to credit insurance policies to allow the policy holder to ship for a specified number of days - usually 30.
Homeowners insurance policies are personal lines coverage and typically do not provide coverage for commercial or work related activities.
Commercial Combined Insurance is a term used to apply to more than one type of commercial insurance that are written together and given a discounted rate. There are many different types of commercial insurance that are put together in order to properly cover a business. Some of the types of policies are Commercial Property, Commercial Premises Liability, Commercial Auto, Directors and Officers Liability, Boiler and Machinery, Workers Compensation, Professional Liability, Inland Marine, Commercial Contents Coverage, and many more plus endorsements that can add or modify the coverage on these individual policies.
There is no requirement, but your mortgage company may require a certain amount of coverage that both policies will have to match.
There is not one company that can be classified as they all write policies for commercial vehicle. You can get some good rates with companies like Allstate, Nationwide or Progressive.
That depends on the type of home insurance policy and scope of coverage you purchased. All home insurance policies are not the same There are many types of home insurance policies available. Fire Insurance covers the peril of Fire. HO1 policies typically cover Actual Cash value for fire wind and hail damage along with optional owners liability and possibly burglary coverage. HO2 Policies generally provide the same coverage as above along with extended coverage and the option to purchase endorsements for accidental water discharge and optional replacement costs in the event of a loss. HO3 policies, often referred to as "All Risk" policies offer the broadest scope of coverage and typically offer replacement valuation on structure and contents. In addition there are literally dozens of endorsements you can purchase to cover specific risk exposures such as jewelry and various other personal property and unique risks. What your Home insurance covers depends on what coverage you purchased.
Overlapping coverage, aka, double coverage. etc. The primary policy is generally considered the one providing the broadest coverage for the loss concerned. Any other coverage provided by additional policies should be considered secondary or trailing coverage that can be accessed in teh event your loss exceeds the limits of the primary policy.
Yes all caravan insurance policies include contents coverage. But when in doubt, it would be best to contact your insurance agent or insurance company and verify the coverage in your policy.