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

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