Coverages
- Auto Liability
- Bodily Injury Liability - is the legal obligation that stems from the injury or death of another person. If your driver is found at fault in an accident that injures someone in the other vehicle involved. An example of this is the injuries sustained by the occupants of the vehicle your driver collides with.
- Property Damage Liability - pays the cost of defense and claims for damage the insured does to the property of others. An example of this is when your driver strikes a parked car.
- Uninsured Motorist Coverage - is the coverage for drivers and passengers in your vehicle when bodily injury is caused by another motorist who does not carry liability coverage. Uninsured Motorist Coverage is similar to Bodily Injury coverage.Uninsured Motorist property damage covers your auto when property damage is sustained by an insured and the negligent operator does not possess insurance. Some states have limits at $3500. If you have Collision coverage, Uninsured Motorist Property Damage coverage only pays your collision deductible (in some states).
- Medical Payments to Others - covers medical expenses to you and your passengers injured in an accident. There may also be coverage if as a pedestrian a vehicle injures you. Does NOT matter who is at fault. Medical payments may also cover policyholders and their family members when they are injured while riding in someone else's car or when they are hit by a car while on foot or bicycling. Coverage is limited to the terms and conditions contained in the policy.
- Auto Physical Damage
- Comprehensive Coverage - covers your vehicle for incidents other than collision. For example, fire, theft, vandalism, falling object, and animal. Most damage other than collision falls under comprehensive.
- Collision/Upset Coverage -Covers damage to your vehicles when your car hits, or is hit by another vehicle or object, regardless of fault.
- Garage and Operations Coverages
- Garage Liability Coverage - covers premises, operations, products and completed operations. This coverage should be written for the same limit as owned auto coverage.
- Garagekeepers Legal Liability - this coverage provides coverage to owners of storage garages, parking lots, etc. for liability as bailees with respect to damage to automobiles left in their care, custody and control. Coverage is contingent upon establishing liability on the part of the insured. Coverage is limited to “Motor Vehicles” and does not cover cargo or items in tow other than licensed motor vehicles. (See Cargo/On Hook Coverages)
- On Hook Coverage - is part of a Garage policy for a tow truck company. The On Hook coverage provides physical damage coverage to the vehicle that you are towing while it is being towed.
- Cargo Coverage - covers Legal Liability for goods or contents which are in your care, custody and control. Coverage can usually be extended to your storage facility.
Contingent Cargo for Truck Brokers - Contingent Auto Liability coverage provides indemnity and defense to a truck broker for third-party liability claims. Contingent Cargo coverage provides indemnity and defense to a truck broker for third-party cargo claims. An example of this is when a broker relies upon a certificate of insurance for a trucker to be valid and turns out to be invalid. A claim ensues and the truck broker is brought into the suit. The contingent policy provides for indemnity and defense.
- Broker Surety Bonds - Tony Taylor Insurance offers basic programs to Brokers requesting BMC-85 Trust Agreements. The success of all such options is dependent entirely upon careful management of claims activity, the principal cost component of any trust administration process.