- Ted Baker, Baker Commercial Landscaping
Business Automobile Coverage from LRA Insurance
This policy can provide a combination of liability protection and physical damage coverage for loss due to damage to vehicles owned, maintained, or used by you. Additional coverages such as medical payments and uninsured motorist protection can be purchased to customize the policy to fit your particular needs.
Collision Coverage
This coverage is used to insure against loss or damage to a covered vehicle resulting from collision or upset of the motor vehicles used in the business.
Automobile Liability
This coverage is used to protect against claims alleged for bodily injury and property damage arising from the ownership, maintenance or use of any covered auto.
Agreed Value Valuation
This coverage specifies that in case of loss to a scheduled vehicle, your carrier will pay the lesser of what it would cost to repair or replace the vehicle without deduction for depreciation, or the limit specified for that vehicle.
Combined Single Limits
Combined single limit coverage specifies that regardless of the number of covered autos, insureds or claims occurring in any one accident, the most that you can recover is the limit of liability shown on the policy's declaration page. This includes damage associated with bodily injury, property damage and pollution costs or expenses.
Comprehensive Perils Coverage
This coverage is used to insure against loss or damage to a covered vehicle resulting from loss excluding collision or upset.
Drive Other Car Coverage
This endorsement is used to protect employees or other specified individuals when they borrow or rent cars for personal use, and do not have the protection of a Personal Auto policy.
Garagekeepers Coverage
This insurance is used to insure against claims arising out of damage to vehicles owned by others which are left with you for storage, service, safekeeping, or repair. This coverage is important to any association or business that offers valet parking or an attended parking of any kind.
Medical Payments
This coverage will reimburse, without regard to your liability, all reasonable medical expenses incurred by persons as a result of bodily injury sustained by accident as defined in your policy.
Personal Injury Protection (No-Fault)
This coverage is used to provide medical expenses as well as work loss, funeral expenses, essential services expenses and survivor's loss coverage as outlined in your state's statutory No-Fault laws.
Stated Amount Valuation
This valuation method states that in case of loss the dollar recovery will not be more than the amount specified for that automobile even if this amount is less than the actual cash value or cost to repair it.
Uninsured & Underinsured Motorist
Uninsured and Underinsured Motorist coverage protects you and your passengers against bodily injury expenses if you are hit by another driver who has no automobile liability insurance or has less than the minimum limits required by your state.