Our Commercial Automobile Insurance Program, currently through Liberty Mutual Insurance Company, is a “package” program that provides coverage for several different exposures and risks.
- Physical damage to the automobile, including towing expenses and storage
- Collision coverage: damage to the covered vehicle caused by a collision with another vehicle or object. The deductible for collision is $500.
- Comprehensive coverage: damage or loss to the covered vehicle caused by something other than a collision. This would include incidents such as theft, vandalism, and fire. The deductible for comprehensive is $500.
The automobile policy provides the following coverage:
Automobile Liability coverage to compensate another party when the operator of the parish vehicle causes an accident resulting in injury or property damage. The institution has no deductible.
Personal Injury Protection (PIP) provides up to $8,000 in medical bills and lost wages to anyone injured while an occupant in the vehicle, or a pedestrian struck by it.
Collision coverage pays for damages to the institution-owned vehicle sustained in an accident. The institution has a $500 deductible.
Comprehensive coverage pays for damages to the institution-owned vehicle from incidents other than collision, such as vandalism and theft. The institution has a $500 deductible.