All commercial vehicles normally have to be insured with some type of commercial vehicle insurance. Not all vehicles require the same particular type of vehicle insurance, though. For cargo vans registered in Massachusetts, cargo van insurance tends to be the best kind.
Cargo van insurance policies are specifically designed for non-passenger vans. Coverages, terms and limits are tailored to suit these vehicles.
Massachusetts state law requires insurance for almost all vehicles, including cargo vans. Any business that owns one or more cargo vans likely needs commercial van insurance.
Multiple coverages are legally required. The general requirements are as follows:
Insurance agents often shorten these coverage terms to more easily said names. Bodily injury, uninsured/uninsured motorist, PIP and property damage liability are the colloquial terms.
In addition to these coverages, lenders frequently have their own requirements when vans are leased or financed. Businesses that don’t own their vehicles outright may also need comprehensive coverage, collision coverage and gap coverage.
Most of these are wise to carry irrespective of legal or finance requirements, and businesses should consider additional protections and limits. Whatever coverages are chosen, commercial van insurance policies tend to be the best way to secure insurance for cargo vans.
Cargo van policies are able to insure most non-passenger vans that businesses use. They can usually be used for cargo vans, delivery vans, courier vans, box fans, step vans, utility vans, refrigerated vans and others.
Some businesses that frequently purchase these policies include last-mile deliverers, couriers, tradespeople (e.g. painters, plumbers, exterminators, specialist contractors), and service-oriented businesses (e.g. bakeries, equipment rental businesses, florists).
If there’s any question about whether this type of policy is suitable for a particular vehicle, businesses should ask an insurance agent who specializes in commercial van insurance.
Commercial van insurance may be used to insure cargo vans or passenger vans. Passenger vans usually call for higher bodily injury, PIP and medical payments limits, though. A policy that’s intended for cargo vans might not be suitable for passenger vans, which likely ought to be insured with a passenger van-specific policy.
Most commercial van policies offer at least the following coverages:
A knowledgeable insurance agent can explain these coverages in detail, and give examples of when each would likely apply.
Some cargo van policies may cover goods when the goods are in a van, but this protection can be limited. Businesses that transport goods of substantial value ought to explore inland marine coverage. Inland marine is a commercial insurance that usually insures equipment and goods when in transit.
Premiums for cargo vans vary according to many details, frequently including the :
For assistance with insuring Massachusetts-registered cargo vans, contact the independent insurance agents at Roger Keith & Sons Insurance. Our agents will work closely with you to find cargo van insurance that protects your business’ vans well.