Having a bit of a time finding commercial auto insurance for an antique car. Any ideas ? I'm still exploring all my costs and am pretty much down to insurance at this point.
PS just left Hagardy a note, we'll see if they get back to me. The NPS requirements are pretty tight
$1,000,000 per occurrence
Commercial auto insurance provides:
1.Liability insurance, which includes coverage for bodily injury, property damage, uninsured motorists, and underinsuredmotorists;
2.Physical damage insurance, which includes collision insurance; and;
3.Other coverage, which includes medical payments, towing and labor, rental reimbursement, and auto loan coverage.
Taxis that do not provide tour services are only required to have Auto Liability insurance. The Commercial General Liability covers out of vehicle activities and taxis do not provide out of vehicle activities.
Insurance Company Minimum Standards
The CUA Application defines various terms, conditions, and requirements for CUA insurance.
The NPS has established the following minimum insurance company requirements. All insurance companies must meet the following minimum standards. These standards apply to foreign insurance companies as well as domestic companies.
1.All insurers for all coverages must be rated no lower than A- by the most recent edition of Best’s Key Rating Guide (Property-Casualty edition), or similar insurance rating companies (Moody’s, Standard and Poor’s, or Fitch), unless otherwise authorizedby the Service.
2.All insurers for all coverages must have Best’s Financial Size Category of at least VII according to the most recent edition ofBest’s Key Rating Guide (Property-Casualty edition), or similar insurance rating companies (Moody’s, Standard and Poor’s, orFitch), unless otherwise authorized by the Service
3.The insurance ratings must be submitted with the CUA Application. The rating companies do not issue certificates. Werequire the insurance broker to note this rating in the Certificate. If the rating does not appear on the certificate, theinsurance broker must provide it in another document.
Christech I haven't called your buddy yet, I'm still getting some ducks lined up. Working on the medical requirements and insurance at the moment, purchasing the vehicle is the final step, and that assuming the Park is processing applications, they're on hold for the moment.