Pre-owned Vehicles Auto Insurance San Antonio Texas TX

Reader’s Question:

Were opening up a new, home-based business which will involve acquiring and using a number of pre-owned vehicles here in San Antonio, Texas. Will it be advisable to still have car insurance on pre-owned vehicles and up to what level of coverage would I need to get?

Sam

San Antonio, TX

If you will have more than one vehicle, regardless if their brand new or pre-owned, car insurance is a necessity. Just like any other form of insurance car insurance coverage protects your vehicles, the assets of your growing business there in San Antonio, from liability due to theft or loss or in the event they get involved in a vehicular accident. Texas financial responsibility laws will also require you to carry at least a minimum amount of coverage or car insurance so it is a must to insure your vehicles.
Consider getting as much coverage as you can afford on the following: Comprehensive and Collision insurance, Uninsured/ Under insured motorists insurance, Liability Protection coverage, and Personal Injury Protection for you and/or any drivers you hire. These coverage basically protects you from monetary liabilities or car/ vehicle damage or loss and also cover for damages caused to, or may have been caused to you. You wouldn’t want your fledgling business to sink in the event you or your business gets sued for hundreds of thousands of dollars in damages.

You may even benefit more for your business by considering a commercial-level insurance coverage. Talk to your insurance provider or shop around for the best rates. Compare at least five offers and haggle if you can on your premium. Also, before you sign anything make sure that you have read and understood the policy’s fine print.

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