California-based Cambridge General Agency is offering coverage for accidental downtime for commercial auto risks. This coverage is only available for vehicles with comprehensive and collision coverage. The accidental downtime coverage pays insureds for the time their vehicle is disabled because of an accident.
Coverage does not apply for vehicles that are disabled for mechanical or other problems. Coverage benefits for a vehicle under 20,000 GVW is $40 a day for up to 20 days; for vehicles exceeding 20,001 GVW, benefits are $50 a day for up to 20 days. There is a 14-day waiting period before benefits begin.
Coverage is offered through an admitted carrier rated A- VIII.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
