What Decides your Limo Insurance Premiums?

What decided your limo insurance premiums? While this subject is normally a complicated one to answer, Professional Insurance Strategies, LLC can answer almost anything on the spot, particularly when it pertains to livery vehicles insurance. The fact of the subject is, not a single thing decided your vehicles insurance premiums; it’s an array of several factors that,contribute,combined, to what you pay. Here is the point of common things that affect insurance premiums.

 

•Geographical Location: Location can play a part in determining  limo insurance premiums and it generally pertains to things like whether or not you’re in an urban area people and location population density. For instance limo insurance premiums for a livery production company operating in nevada, new mexico would certainly be cheaper than one operating in New York or the Greater Boston Area.

•Limousine class code: Limo Insurance carriers track at the class code of the vehicle as well. Commercial buses and trucks are at greater risks factor than limos, so their premium amount are normally the highest. Limos are generally more expensive car than sedans, due to their big size. Also, the amount of kilometers normally people traveled will also play a key role.

•Vehicle Driver: Limo drivers may key factor into what exactly premiums are, too. If limo drivers has a professional driving record or a spotty personal, then it may cause you to pay more for your limo insurance. Tickets, accidents, age and experience can all be taken under consideration.

•Loss ratio or total claim: Your company’s performance statistic over a three to five year period is referred to as your loss ratio. This ratio is calculated by total claims which are closed and open ratio to get the total losses incurred over this time period. The vehicle insurance company will total the paid premiums versus any incurred claims to get the loss ratio number.

If you have any more query or any concern your limo insurance, contact today Professional Insurance Strategies, LLC to get the information you’re looking for. We’ll do everything we can to solve your query to the best of our ability.

Gary Hanson

Professional Insurance Strategies, LLC

3519 E. Shea Blvd., Suite 120

Phoenix, AZ 85028

6708 W. Bethany Home Rd.

Glendale, AZ 85301

ghanson@proinsgroup.com

Phone: 602-481-0161

Fax: 623-551-6716

Four Steps How to File a Claim for Your Car Insurance

                                         

Just recently, a small truck bumped into my car and caused a deep dent at the back part of the car. When accidents like this happen, the 1st thing that comes to our mind is our auto insurance. Now the problem is, most people don’t have a deep knowledge of their car insurances. Do you have any idea what the coverage of the insurance is? Do you have any idea how to file a claim? Don’t worry because we are here to support you. Find out the details how to file a car insurance claim
Step 1: First evaluate whether or not you should file an motor insurance claim. Some car owner wants their insurance claim records to be clean. So evaluate the damage cost first before you even call your car insurance company. It does not matter if the accident is your fault or not, you should ask yourself first if you can pay for the damage or not. If you can afford to pay the cost, then don’t file the insurance claim.
Step 2: Have a deep checklist of what to do. Filing insurance claim can be time consuming matter especially if you are going back and forth to the car insurance company because you missed some of the requirements. So make a checklist and keep tracks of all the documents you need time of submit the claim. Some of the most important documents such as sworn statements from witnesses, photographs of the accident scene as well as your application form.
Step 3: File the claim as soon as possible. One should file a claim as soon as possible. Some car insurance company doesn’t honor claims that happened a few weeks or months ago. So file on the spot, call your agent immediately after any road mishap.
Step 4: Finally, get your car fixed. After your insurance claim is approved, you will likely get a phone call from your car insurance company about sending an insurance assessor to assess the damage or asking you to send your vehicle to a pre-approved shop to get it fixed.

Gary Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028

ghanson@proinsgroup.com

602-481-0161
623-551-6716 Fax