Cab Insurance Arizona

Cab Insurance Arizona

Operating a taxi can be a great way to make money in Arizona. People are always in need of rides to bars, to the airport or wherever else they need to go. However, it is important that you have sufficient insurance if you want to operate a legal taxi company or drive your own taxi within the law.

Cab Insurance Arizona Requirements

If you are going to operate a taxi in the state of Arizona, you must carry $250,000 of primary commercial coverage in addition to $250,000 of uninsured motorist coverage. However, this is only during times in which you are actually transporting a paying customer. Proof of insurance must be carried at all times and presented upon request to anyone who asks for it.

Cab Insurance Arizona Requirements When Not Transporting Customers

If you are driving a taxi in the state of Arizona without any passengers inside, your insurance requirements are the same as any other driver. This means that you only have to carry $25,000 of general liability for a single person and $50,000 to cover two or more people hurt in an accident. Furthermore, you must carry $20,000 of coverage to pay for any property damage that may occur in an accident.

What Happens After an Accident?

In the event that you get into an accident while driving a cab, an investigation will be performed. You are responsible for presenting proof of insurance and meeting all other requirements to act as a taxi driver or operator. Your cab insurance Arizona provider is also required to provide any information that would help an investigation proceed. After an investigation is complete, one party will be deemed to have been at fault, and legal proceedings may take place if applicable.

What Happens if Your Commercial Insurance Policy Lapses?

If your insurance lapses, you must either get a new policy or stop operating as a taxi. Your insurance company may allow you to renew your coverage automatically or otherwise alert you to the fact that your policy will lapse well before it actually happens. This gives you ample time to ensure that your policy remains valid.

Whenever you operate a motor vehicle whether for private or commercial purposes, don’t forget to have adequate insurance. It will help you avoid financial and legal penalties that can harm your personal finances as well as your ability to make a living driving your car.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
2822 W. Northern Ave
Phoenix, AZ 85051
3655 W. Anthem Way A109-283
Anthem, AZ 85086
623-463-9001 Fax

SIX Things You Should Know About Buying Auto Insurance

1. How is Your Insurance price Determined?
There are two factors which determine what you pay for Auto Insurance Policy. The 1st factor is underwriting and the 2nd factor is rating. Insurance agencies and companies underwrite to assess the risk factor associated with insurance holder, group with other similar risks factor and decide if the insurance provider will accept the application.

2. Specific Factors that Affect Your insurance premium.
● Previous Driving record – drivers with previous accidents or are violations considered to be higher risk factor
● Geographic territory – urban areas have more insurance claims than rural areas
● Gender and age – Scenario says that males have more accidents; certain age(20-45) groups have more claims
● Marital status – married people show lower rates of insurance claims
● Previous insurance coverage – if you have been cancelled for non-payment of premiums
● Vehicle use – higher annual mileage results in higher vulnerable to risk
● Make and model of your vehicle – sports and luxury cars average a higher number of insurance claims

3. Check Into Optional insurance Coverage
The most commonly encountered insurance coverage’s, in addition to the basic liability package, are collision coverage’s and comprehensive coverage. Collision package benefit pays for physical damage to your car as a result of your vehicle colliding with an object such as a tree, house or another vehicle. This is expensive coverage and is not required by any Auto insurance law. Comprehensive insurance coverage pays for damage to your vehicle from almost all other causes, including fire, vandalism, severe weather, theft and floods. This coverage will also cover windshield damage and broken glass. Comprehensive insurance coverage is less expensive than collision insurance coverage.

4. Shop Around Before You Buy auto insurance
When shopping for vehicle insurance, quotations, premium are a useful tool for comparison of companies’ products. When asking for declaration, it is important that you provide the as it is same and true information to your agent or company. The agent will normally request the following information: description of your car, car use period, driver’s license number, number of drivers in your household, the limits and coverage’s you want.

5. For Your Protection
Once you have selected your need and an insurance agent or a good company, there are some steps you can take to make certain you get your money’s worth. Before signing an insurance application call your state insurance authorities or department and verify that the company entity and the insurance agent are licensed to do business in your state or your area. It is absolutely illegal for unlicensed insurers to sell insurance, and if you purchase insurance from an unlicensed insurer, you have no guarantee at all that the insurance coverage you pay for will ever be honored.

6. Read Your Policy documents
You should be know that a vehicle insurance policy is a legal contract. When you purchase vehicle insurance, you will receive a policy documents. You should read that policy documents and make certain you understand its contents and details. If you have questions or doubt about your insurance policy wording, then your insurance agent or company is responsible for clarification. If you still have questions, and not satisfied with the answer then you can turn to your state insurance department.
So insure your vehicle and stay happy.
Check our Quotations for your Auto Insurance

Necessity of Taxi Insurance

Taxi insurance is a very essential and useful thing. It is very very necessary for every taxi driver to drive insured taxi. It does not matter if you have a private car, minicab, limousine or normal taxis. When points comes to vehicle drivers, the taxi insurance policy gains even more importance and priceless because it secures their livelihood.

Taxi Insurance AZ

Taxi insurance protects a taxi driver from any road accidental situation that can damage his motors and life. In order to obtain an auto insurance policy you need to have the following things or documents:
i)Legal documents of your taxi like payment receipts.
ii)Your taxi should be in good condition.
iii)It’s necessary that your cab passes the mechanical inspection conducted every year.

There are many types of taxi insurance depending on your criteria. For instance, short term taxi insurance is the first option for those who want to insure their taxi for a short time of time. The duration of short period cab insurance ranges from approx 30 days. Your Insurance coverage can be further classified into normal sub categories depending on the total risk involved.

There is a particular taxi insurance which covers a number of points like provide legal protection against accidental probabilities, ranging from any larger damage to the vehicle, or physical damages to the driver or any pedestrian.

Second type of insurance includes coverage for any kind financial loss or life risk of drivers.Third kind of taxi insurance policy provides comprehensive benefits that not only secures vehicle from horrible accidents but also against any unpleasant incident like fire or theft.

As mentioned above, the intensity of risks involved help you to choose the appropriate or suitable taxi insurance.So keep all this points in mind while choosing a taxi insurance coverage.

On a daily basis, taxi driver has to come across a number of small or big road accidents. Hence, for them taxi insurance is a significant investment and strongly recommended. Get a taxi insurance policy coverage while you are buying a cab because it protects your life and your business.

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Taxi Insurance-Limo Insurance-AZ, NV, NM

Quoting risks lately has provided some interesting rates. Some prices for small Taxi’s like a Prius are very well priced. Insurers tend to want liability only. Many carriers don’t want to provide full coverage. With that being said, prices are still very favorable.

Gary Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028
623-551-6716 Fax