What is commercial automobiles insurance?

Commercial automobiles owned and operated Private Estate by a farmer or owner of a private estate and used primarily on or about the premises of the farm or private estate in connection with its operation or maintenance shall be written at the commercial light Class 4 rates less 15% for public liability and property damage. Get direct car insurance quotes now.

An endorsement to the following effect shall be used: “In consideration of the reduced premium at which this policy is written the: assured declares that the automobiles insured hereunder are and will be used principally on or about the premises and in connection with the operation of his farm or private estate.”
Funeral directors’ automobiles commonly known as hearses shall be written at the commercial light Class 4 rates less 25% for public liability and property damage except for the New York City territory for which refer to the New York State Rate Sheet.

A tractor (three or four-wheeled motive power vehicle without body) with a two or four-wheeled trailer attached by means of a coupling device or pole, shall be rated as a commercial automobile of a load capacity determined by the load capacity of the trailer, and the trailer shall be insured at 25% of the tractor rate. A tractor with a semi-trailer (two-wheeled trailer attached by means of a kingpin or fifth-wheel) the whole constituting a so-called six- wheeled truck, shall be rated as a commercial automobile of a load capacity determined by the load capacity of the semi-trailer, and the semi-trailer shall be rated at 10%ofthe premium for the tractor.

So-called “caterpillar” tractors, i.e., slow moving vehicles with caterpillar treads, shall be rated as commercial automobiles of “Light” capacity.

Tractors owned and operated by assured who carry a Contractor’s Public Liability policy and who are classified as road and street construction and paving contractors, do not heed to be insured separately under Automobile policies.


Comments are closed.