Physical Damage Coverage may or may not be available for your NJCAIP business auto policy.
We have the ability to obtain physical damage, aka comprehensive and collision coverage as a standalone policy, regardless of where you primary auto liability policy is issued.
Business owners Compare Physical Damage Comprehensive & Collision Coverage’s for affordable Commercial Auto Insurance Quotes.
Physical damage coverage shall be offered only in connection with a policy written by the CAIP Plan affording bodily injury and property damage coverage.
Physical damage coverage shall usually be available to the following types of motor vehicles (For the purpose of this provision, risks consisting of fleets of 10 or more vehicles shall not be eligible for physical damage coverage.)
a. Private passenger
b. Private passenger types
c. Light trucks
e. Recreational trailers, excluding trailers used as residences
f. Social service vehicles of the private passenger, station wagon, van, or minibus type owned by or operated on behalf of a nonprofit entity used to transport, without charge, the elderly or handicapped, except that vehicles
listed below shall not be eligible for physical damage coverage:
(1) Vehicles with a seating capacity in excess of 20
(2) Vehicles owned by or operated on behalf of a political subdivision
(3) Any emergency type vehicle or an entity claiming nonprofit status shall, upon request of the servicing carrier, submit proof of registration as a nonprofit entity with the New Jersey Department of State.
The best source to learn your coverage options is a NJCAIP Certified Producer who may run quotes and bind coverage for you.