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Ledford Insurance Agency

1910 N Big Spring St
Midland, TX 79705

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Tag: insurance

Difference Between Personal and Commercial Auto Insurance

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At first glance, car insurance may seem the same whether you’re driving to the office or hauling equipment to a job site. However, personal and commercial auto insurance are designed for very different situations. Knowing which type of coverage you need is crucial, especially when a claim is involved. Your insurance agent at Ledford Insurance Agency, serving Midland, TX, wants you to understand the difference.

Personal Auto Coverage

Personal auto insurance is tailored for everyday use, such as commuting, running errands, or taking weekend trips. It protects you, your family members, and your vehicle against accidents, theft, and liability. However, it assumes the car is being used in a private, non-business capacity. Once you start using the vehicle for work purposes, the boundaries of coverage can become unclear.

Commercial Auto Coverage

Commercial auto insurance is designed for business-related driving. This could include a single pickup truck used to carry tools, a van delivering products, or an entire fleet of vehicles. Commercial policies offer broader coverage to reflect the higher risks associated with heavier use, larger vehicles, or transporting clients and equipment. They also provide higher liability limits, which can be critical if an accident results in costly damages or involves multiple parties.

Why the Difference Matters

Using a personal vehicle for business purposes without the appropriate policy can leave coverage gaps. For example, if an accident occurs while making deliveries or transporting materials, a personal policy may deny the claim. Commercial insurance fills this gap, ensuring both the business and the driver are protected.

For Texas drivers, the choice between personal and commercial auto insurance depends on how the vehicle is used daily. Discussing your situation with an agent at Ledford Insurance Agency, serving Midland, TX, can help determine whether personal coverage is sufficient or if commercial protection is the better option. Making the right decision ensures drivers and businesses are covered where it matters most. Contact us today to learn more.

Can Your Homeowner’s Insurance Cover Stationary Vehicles on Your Property?

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For those who collect old cars to work on, or those who’ve decided to park an RV on their property — and who have no intention of driving any of those for a while — the idea of saving money by canceling vehicle insurance coverage may be tempting. If no one is driving them, the thinking goes, there’s no need for coverage on the road, just for property. Many people assume their home insurance will cover them if something happens. However, the Ledford Insurance Agency in Midland, TX, wants you to know that this is unlikely to be the case.

A Vehicle Is a Vehicle

It’s not unusual at all to park your RV on your property, nor is it unusual to have an old car that you’re fixing up. It’s also not unusual for these vehicles not to move for months. But their lack of movement does not make them non-vehicles, and the fact is that they are likely going to be operational, if they aren’t already.

If you decide not to insure them as vehicles, then you have no coverage if they sustain damage from, say, a storm or vandalism. Your homeowner’s insurance is likely not going to consider the RV to be stationary property, even if someone is living in it full-time and not moving it anywhere.

If you think the vehicle is a special case and believe you can prove that it’s a stationary property and nothing more, then you should discuss this with your insurance agent. Never assume your homeowner’s insurance will cover damage done to the vehicle when it’s parked on your property. If you have more questions, call the Ledford Insurance Agency in Midland, TX.

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