To help you understand the nature of coverage potential via Good's Insurance Agency, we've outlined several coverages here. For additional information or for specific details about your policy, please read your policy or contact a Good's Insurance professional toll-free at 800-699-7120.
Motor Truck Cargo Coverage
Commercial General Liability Coverage
Liability Coverage
Medical Payment Coverage
Uninsured Motorist Coverage
Personal Injury Protection(PIP)
Owned Auto
Non-Owned Auto
Hired Auto
Blanket Lessee Coverage
Physical Damage Coverages
Motor Truck Cargo Coverage
Covered Property means lawful goods and merchandise of others that you have accepted for transportation under a bill of lading, tariff, shipping receipt or contract of carriage as a motor carrier. Such property is covered while in due course of transit in your care, custody or control or in the custody of a connecting carrier—so long as some portion of the transportation was performed in, on or attached to an auto that you own or operate.
Commercial General Liability Coverage
The Commercial General Liability Policy provides the insurance protection needed to pay damages for bodily injury or property damages for which the insured is legally responsible. The policy provides coverage for liability arising from personal injury and advertising injury. Coverage for medical expense is provided. The policy covers accidents occurring on the premises or away from the premises. Coverage is provided for injury or damages arising out of goods or products made or sold by the named insured. The insured is the named insured and the employees of the named insured. However, several individuals and organizations, other than the named insured, may be covered, depending upon certain circumstances specified in the policy. In addition to the limits, the policy provides supplemental payments for attorney fees, court costs, and other expenses associated with a claim or the defense of a liability suit.
Liability Coverage
The liability coverage of the commercial auto policy provides protection against legal liability arising out of the ownership, maintenance, or use of any insured automobile. The insuring agreement agrees to pay damages for bodily injury or property damage for which the insured is legally responsible because of an automobile accident resulting from the ownership, maintenance or use of a covered auto. The insuring agreement also states that, in addition to the payment of damages for which the insured is legally liable, the insurer also agrees to defend the insured for all legal defense costs. The defense costs come in addition to the policy limits
Medical Payment Coverage
The insuring agreement states that the insurer will pay all reasonable and necessary medical and funeral expenses incurred by the insured because of bodily injury caused by an accident. The insured is the named insured, the insured’s employees and guests, and any other person occupying a covered auto. These payments are made without regard to fault.
Uninsured Motorist Coverage
This insuring agreement pays for bodily injury to any insured that is injured by an uninsured motorist, a hit-and-run driver, or a driver whose insurer becomes insolvent. These benefits are paid under the named insured’s policy
Underinsured Motorist Coverage is a coverage added to supplement the Uninsured Motorist Coverage. The coverage applies only when the other driver has liability limits at the time of an accident, but the liability limits carried may be insufficient to pay for damages for which the driver is responsible. This is when the insured’s underinsured motorists coverage applies, and payment for the difference can be made. The two coverages are mutually exclusive and do not overlap or duplicate each other.
Personal Injury Protection(PIP)
PIP is an endorsement that adds no-fault benefits. No-fault means, in the event of an automobile accident, each party collects from his or her own insurer regardless of fault. The PIP endorsement is only available in certain states with No-Fault Laws. The endorsement applies only to bodily injury and not to property damage (the state of Michigan is the exception to property damage). No-Fault Laws vary widely from state to state.
Owned Auto
Coverage is provided for all autos owned by the named insured. The owned auto symbol is used for liability insurance only.
Non-Owned Auto
Coverage is provided only for autos not owned, leased, hired or borrowed by the named insured. Coverage includes autos owned by the insured’s employees or members of their households, but only while used in the named insured’s business or personal affairs.
Hired Auto
Coverage is provided only for autos leased, hired, rented, or borrowed for use in the named insured’s business
Blanket Lessee Coverage
Who is an insured? The lessee to whom you lease, under a written lease agreement, a covered “Auto you own” or hire if used in the business or the lessee, but not operated by the lessee, and under the written lease agreement you indemnify or hold the lessee harmless for automobile “bodily injury” or “property damage” liability.
Physical Damage Coverages
- Collision Coverage
Coverage provides protection against loss or damage to a covered auto or a non-owned auto resulting from the impact with another vehicle or object. Collision losses are paid regardless of fault.
- Comprehensive Coverage
Coverage provides protection against loss or damage to a covered auto resulting from loss other than collision or upset. This coverage also provides supplemental payments for transportation expenses in the event of the total theft of a covered auto or a non-owned auto. Coverage begins forty-eight hours after the theft.
- Specified Cause of Loss
Provides coverage against loss from fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, mischief, vandalism, and sinking, burning, collision or derailment of a conveyance transporting the covered auto.
- Binding Coverage with Surplus Lines Companies
When receiving coverage from a Surplus Lines Company, please be aware of the following:
The insurer issuing this policy does not hold a certificate of authority to do business in this state and thus is not fully subject to regulation by the State Insurance Commissioner. This policy receives no protection from any of the guaranty associations created under Title 31A, Chapter 28.
