Do I need to buy auto insurance for my used car dealership?
Author: admin
4
Feb
Do I need to buy auto insurance for my used car dealership?
We are just starting out and wonder if our personal car insurance would cover test drives, or our driving the vehicles. It is a sole proprietorship.
5 Responses for "Do I need to buy auto insurance for my used car dealership?"
Best Answer – Chosen by Voters No, personal car insurance specifically doesn't cover that. It's EXCLUDED under every personal auto policy.Sounds to me like you're operating illegally – used car dealerships need to also be licensed and bonded, in every state I've ever worked. And you need that insurance to get the license.
Typically, insurance companies will not cover any damages or anything related as you are now running a business. There is a difference between personal auto insurance and business insurance.I would suggest you ask your insurance company.You should inquire about a business owner's policy. Source(s): I work for American Family Insurance.
Yes as per Motor Vehicle Act – No vehicle can ply on public places without a valid third party insurance. It mandatory and to protect other parties. Comprehensive insurance is optional, but Third party is mandatory.For More must C here : http://www.insurancereview.in
The insurance company can tell you the best, below is site gives you the access to many auto insurance companies profiles, you can see details about them here Source(s): http://www.freeautorater.com/
That's probably something best asked to your insurance company and get it in writing. If you need some quotes, this site is great.http://greatinsurancequotes.net
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