Auto Definitions
Auto Loan/Lease Gap Coverage
This coverage is designed to offset the financial loss that can result when physical damage insurance fails to cover the remaining amount of your financial obligation following an accident to a leased or financed vehicle. This is needed since, in the event of a total loss, the lease/loan can be subject to early termination and leave you owing more than the amount of the car's actual cash value.
Automobile Physical Damage
This coverage is used to protect the covered vehicle itself. It pays for physical damage loss that results from a covered peril.
Collision Coverage
This coverage is used to insure against loss or damage to a covered vehicle resulting from collision or upset.
Combined Single Limits
Combined single limit coverage specifies that regardless of the number of covered autos, insured or claims occurring in any one accident, the most that you can recover is the limit of liability shown on the policy's declaration page. This includes damage associated with bodily injury, property damage and pollution costs or expenses.
Split Limits of Insurance
You are covered up to the "per person" limit for injuries to one individual and to the "per accident" limit for injuries to two or more persons, plus a separate "per accident" limit for all damage to property.
Comprehensive Perils Coverage
This coverage is used to insure against loss or damage to a covered vehicle resulting from loss excluding collision or upset.
Employers as Named Insured
This endorsement is used to add your employee(s) to the Auto policy as additional insured. It covers an employee who uses his or her own car for company business. This is used when an employee's Personal Auto policy does not, or cannot, provide adequate insurance limits. This coverage is excess protection over your employee's Personal Auto policy.
Non-Owned Auto Liability
This coverage is used to provide you with liability protection for autos you do not own, lease, hire, rent, or borrow while they are being used in connection with your business operations.
Hired Automobile Coverage
This coverage is used to protect against claims arising out of the use of vehicles leased, hired, rented, or borrowed by you, while in the course of business. Note that this coverage does not apply when vehicles are leased, hired, rented, or borrowed from one of your employees or a member of your household.
Medical Payment
This coverage will reimburse, without regard to your liability, all reasonable medical expenses incurred by persons as a result of bodily injury sustained by accident as defined in your policy.
Rental Reimbursement
This coverage is used to pay for rental charges incurred if you temporarily lose the use of your vehicle(s) due to a covered loss.
Towing
This coverage will reimburse you to a predetermined limit for each disablement caused by a covered peril.
Uninsured/Underinsured Motorist
Uninsured and Underinsured Motorist coverage protects you and your passengers against bodily injury expenses if you are hit by another driver who has no automobile liability insurance or has less than the minimum limits required by your state.
Corporate Philosophy:
Our commitment is to assist clients with the development of a comprehensive insurance program tailored to each client’s specific needs, size, and future growth plans. Focusing primarily upon industry leaders who seek to develop a long-term relationship with their insurance professionals, our goal is to offer insurance coverage with excellent service, and competitive pricing.
Because we genuinely care about our clients, we have developed a reputation for outstanding customer service. With highly skilled servicing teams, we are enthusiastic, and dedicated to providing clients the quality service their business deserves.
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