|
Illinois Dump Truck InsuranceBODILY INJURY/PROPERTY DAMAGE COVERAGE (BI/PD) Bodily Injury Liability provides coverage in the event a covered Dump Truck causes injury or death to another person and the insured is considered at-fault for the accident. It covers expenses related to medical costs, lost wages, sickness, death and pain and suffering for an injured third party. It also covers legal defense costs related to claims against covered damages. See the policy for full details. Property Damage Liability provides coverage in the event a covered Dump Truck causes damage to any property and the insured is considered atfault for the accident. It also covers legal defense costs related to claims against covered damages. Available Limits: 20/40/15 100 CSL 750 CSL 25/50/25 300 CSL 1,000 CSL 50/100/25 500 CSL 100/300/50 250/500/100 Rules: • The BI/PD limits must be the same for all vehicles on the policy. Dump Trucks Insurance.com will not write multiple policies for the same named insured. UNINSURED AND UNDERINSURED MOTORISTS COVERAGE (UM AND UIM) UM and UIM provides coverage for damages which an insured is legally entitled to recover from another party who is considered at-fault for an accident, but is uninsured or underinsured for the level of damages. Available UM & UIM Limits: 20/40 100 CSL 25/50 300 CSL 50/100 500 CSL 100/300 750 CSL 250/500 1,000 CSL Rules: • Can only be written in conjunction with BI/PD or Non-Truck. • Limits cannot exceed BI/PD or Non-Truck limits. • Limits may be lower than BI/PD or Non-Truck limits, provided the customer signs the appropriate block on the application. • Limits must be the same for each power unit of a multi-Dump Truck risk. • UM and UIM limits must be the same. UNINSURED MOTORIST PROPERTY DAMAGE COVERAGE (UMPD) UMPD provides coverage in the event an insured Dump Truck is damaged by an uninsured motorist who is considered at-fault for the accident. Available Limit: 15,000 Available Deductible: 250 Rules: • If selected, UMPD can only be included on private passenger type vehicles where BI/PD is written. • Not available on policies with Collision. PHYSICAL DAMAGE COVERAGE Collision provides coverage in the event of a loss or damage to an insured Dump Truck caused by a collision or overturn. Collision must be written with Comprehensive or Fire & Theft with CAC. Comprehensive provides coverage in the event of a loss or damage to an insured Dump Truck caused by incidents other than a collision. This includes damages due to fire, theft, vandalism, windstorm or contact with an animal. Fire and Theft with Combined Additional Coverages provides coverage in the event of a loss or damage to an insured Dump Truck caused by a specific occurrence. The damage or loss must be caused by: fire, lightning or explosion; theft; windstorms or hail; earthquakes; flood or rising waters; vandalism; while being transported by a third party; or by a collision with an animal. Available Deductibles: 100 250 500 1,000 2,500 5,000 Rules: • For each covered physical damage loss, only one deductible will apply - regardless of the number of covered vehicles involved. • Physical Damage Only policies can be written. Dump Trucks Insurance.com allow an Unlimited Radius on Physical Damage Only policies. The limit of liability and rate are based upon a Dump Truck’s Stated Amount (not cost new). The Stated Amount on a Dump Trucks Insurance.com policy should reflect a Dump Truck’s current retail value including any special or permanently attached equipment. Using Stated Amount provides a superior value by allowing our insureds to customize their policy to accurately capture a Dump Truck’s true value. The easiest way to establish a Stated Amount is to consult a book or other publication. Other possibilities include consulting with a dealer/manufacturer or checking Internet sites. When determining Stated Amount, remember to take condition, mileage and location into consideration. Also consider any Dump Truck upgrades, engine or major component rebuilds that could further increase a Dump Truck’s value. Possible resources include: • Valuation Publications & Internet Sites - Truck Blue Book, truckpaper.com, trucks.com, pricedigests.com • Dealerships - What is the current retail value of the Dump Truck? • Manufacturers - What is the special or permanently attached equipment worth? • Lending/Financial Institutions - What is the current Blue Book value of the Dump Truck? • Market-Value Software - N.A.D.A. (possible fee involved for the software) A Stated Amount must be maintained to remain accurate. Each time a policy term renews, you should review the values of all insured vehicles and modify stated amounts as needed to ensure they remain accurate. Dump Trucks Insurance.com does not automatically depreciate Stated Amount. Rules for Stated Amount: • A minimum value of $5,000 will apply for rating purposes. (This minimum does not apply to trailers.) • Passenger autos, pickups, vans, utility vehicles or trailers valued over $125,000 must be submitted for approval. • Trucks, buses or motor homes valued over $200,000 must be submitted for approval. • The customer is responsible for determining the appropriate amount of coverage. In the event of a loss, our policy pays the least of the stated amount, actual cash value, or cost to repair or replace. Dump Trucks Insurance.com does not have any affiliation with the above Stated Amount resources. The Stated Amount listed on a policy is NOT an agreed value and is subject to review upon servicing a claim. COMPREHENSIVE ONLY COVERAGE Comprehensive Only coverage is designed for seasonal businesses that do not operate year round and store their vehicles for prolonged periods. Coverage protects vehicles in the event of damages due to fire, theft, vandalism, windstorm or contact with an animal. Comprehensive Only coverage applies to all vehicles on a policy. Rules: • Coverage changes will take effect on the date requested by the insured, provided the date is today or in the future. • Only available by endorsement. • Only available on annual policies. • Not available on vehicles that require state or federal filings. • Endorsement request must be made to add liability back on to policy. Policy will not revert back to full coverage on renewal. |
We offer Illinois dump truck insurance in the following places and others...
: Chicago, Rockford, Aurora, Naperville, Peoria, Springfield, Joliet, Elgin, Waukegan, Cicero, Decatur, Arlington Heights, Schaumburg, Evanston, Champaign, Palatine, Bloomington, Skokie, Des Plaines, Bolingbrook, Mount Prospect, Wheaton, Oak Lawn, Berwyn, Oak Park, Orland Park, Hoffman Estates, Downers Grove, Tinley Park, Normal, Moline, Buffalo Grove, Elmhurst, Lombard, Glenview, Belleville, Carol Stream, Quincy, Rock Island, Calumet City, DeKalb, Hanover Park, Crystal Lake, Park Ridge, Bartlett, Streamwood, Urbana, North Chicago, Addison, Elk Grove Village, Wheeling, Danville, Pekin, Galesburg, Northbrook, Chicago Heights, Glendale Heights, East St. Louis, Highland Park, Granite City, Mundelein, Woodridge, Carpentersville, Alton, Niles, Harvey, Gurnee, Lansing, Oak Forest, Burbank|
The coverages above do not represent all coverages available in each state or a full discription of services we offer. They are intended to only give an example of some of the coverages we offer.
|