Insurance Vehicle Classification
When you decide to purchase motorcar insurance the insurance company will provide protection by paying for loss, damage, or liability due to an accident from the ownership, operation, use, and maintenance. But how are vehicles classified by the insurance company? The first category is Private Vehicle. Under this category, your car must be used for social, domestic, and pleasure purposes only. This means the insured car is designed for transporting non-fare paying passengers. The second category is Commercial Vehicle. Vehicles classified under this should mainly be used for business purposes like for transporting goods or products. However, vehicles that fall under this category should still be not used for transporting passengers for compensation.