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 Posted: Tue Oct 28, 2008 4:07 am Post subject: Looking for coverage that would do this? Any ideas? |
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I have a small business in which we own and lease the cars. Members can buy in like a timeshare. We provide the insurance. Currently I think they are covered wrong. These members would use the cars for 15 days, 30 days, or 60 days. Is there a company/coverage that I could find that would allow for this type of use? I do a drivers record check and a criminal background check due to the fact that the cars are a corvette and a porsche cayman. Also they have gps devices that allow them to be tracked very similar to lojack. Any help would be greatly appreciated, currently I'm paying a lot to insure the cars.
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Akokoth
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| Posted: Tue Oct 28, 2008 4:29 am Post subject: |
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| You need to sit down with an agent and discuss your needs. The agent needs to know how the company is owned and how the vehicles are titled, what coverages you have now, etc. |
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tcope
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| Posted: Tue Oct 28, 2008 5:32 am Post subject: |
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The insurers may not have a policy that may meet all the requirements of yours. However, an agent or an insurance broker can find a policy that'll suit to your needs. You may also ask the existing carrier to craft coverage for you.
~Jeremy |
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JeremyHolter
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| Posted: Tue Oct 28, 2008 3:06 pm Post subject: |
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That is going to be a very unique situation. You may have to do like most rent-a-car companies do and self-insure. Either the person uses their coverage of pays you.
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LifeIsGood
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| Posted: Tue Oct 28, 2008 7:30 pm Post subject: |
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Thanks for your responses. It has turned out to be kind of unique. I have been working with an agent, but nothing has turned up. I'm in the Atlanta, GA area so if any of you know agents that work in the area(south, anywhere  ) that may be able to help me out, please feel free to list them and I will contact them.
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Akokoth
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| Posted: Tue Oct 28, 2008 7:32 pm Post subject: |
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Actually is there a site out on the web that anyone knows where I might be able to post what I'm looking for insurancewise and people may get in touch with me? Kind of like lendingtree?
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Akokoth
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| Posted: Wed Oct 29, 2008 3:19 am Post subject: |
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| Frankly, I don't see what a Business Auto Policy with liability symbol 1 and comp/coll with symbol 2 would not solve the problem (long term lease with be cosidered "owed"). I'm not an agent but I think you _really_ need to have a commercial insurance policy on those vehicles. Commercial policies are not as restrictive on drivers as a personal policy. That is, they cover employees as drivers. |
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tcope
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