High-Value Autos in Texas

Nuts & Bolts:
AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc., has launched its enhanced AIG Private Client Group Auto Program in Texas. The offering is designed specifically for high net worth individuals who own high-value vehicles and/or collector cars. The policy allows for protection against first-party diminution of value claims on covered or newly acquired automobiles. Collec-tors can purchase insurance that takes limited usage into account during the underwriting process and allows for a virtually unlimited number of collector and regular-use vehicles to be covered on one policy. The program also includes: Agreed value provisions, coverage amount determined at the onset of a policy is locked-in for the entire term; Coverage for specialty vehicles, including motorcycles; Freedom to choose a repair facility; and a single bill for all auto coverage needs.

Dollars:
Loss of use at $5,000, including no per diem limit on rental reimbursement; Loss of use limit is increased to $5,000 per occurrence; and Deductible waived in the event of a total loss.

States Available:
New to Texas, currently approved in over 20 states.

Contact:
Andrea Bezark at (212) 770-8011 or visit www.aigpcg.com.

Topics Texas