Limousine Insurance Chicago, Illinois
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History of Transportation Chicago, Illinois
The Importance of Chicago Limousine Insurance
American Business Insurance has over 30 years of experience, insuring over 40,000 vehicles nationwide. We have a lot of experience in providing customized limousine insurance solutions for all types of luxury vehicle businesses. From owner/operators, to fleets with hundreds of vehicles. American Business Insurance developed an online portal for their audience. Now they can submit changes and print Auto Identification Cards and Certificates 24/7.
The main services provided by American Business Insurance for Limousine Insurance Illinois includes: Commercial Auto Liability and Physical Damage Protection. Commercial Auto Liability protects you and your business from financial losses when you are apart of an at-fault automobile accident. Most limousine insurers issue policies on a scheduled auto basis. This means the vehicle must be on the policy at the time of loss for coverage to apply. If your Illinois limousine company is found liable for an at-fault accident, the insurance would pay to fix the person(s) vehicle you damage, pay for medical bills of the passengers in that vehicle(s) and also for the medical bills of the passenger(s) in your own vehicle. Your commercial Chicago Illinois limousine insurance policy would also pay for court and legal expense fees if a third party decides to file a lawsuit against you in regards to an auto accident.
Illinois Limousine Insurance Benefits We Offer
protects your Chicago limousine fleet from damages, whether or not you are at fault for an accident. This coverage is extremely important for those who are leasing or financing a limousine since there is an outstanding loan or lien on the vehicle. This coverage is mandatory if you want to protect your Chicago limousine from damages, whether you are at fault or not. It also protects the loan or lien holder on the vehicle if not owned outright. Comprehensive Physical Damage covers damage to your Limousine caused by events that are out of your control (theft, vandalism, weather/acts of nature, etc).
Collision Damage Protection covers damage to your taxi fleet caused by you or your driver. Allowing you to get your vehicle fixed faster if damages are over your deductible. If the other limousine insurance company accepts liability, we waive your deductible and the insurance company will collect money from the party who is at fault. If you don’t have collision coverage you have to wait for the other party to accept liability and/or pay for the damages yourself while the claim process happens. Specified Perils covers damages from specific events that are pre-defined within the policy such as Fire, Theft, Windstorm, etc. Properly insuring your taxi fleet and keeping it on the road is the key to success. Without proper insurance, you risk liability against yourself and your business.