At AIA services, they ensure that clients enjoy their time on the water without having to worry about what could do wrong. Their agency specializes in writing insurance policies for boaters, so clients can be certain that they will provide them with the best protection available. The company understand the differences between power boaters, sailors, and commercial fishermen, and they can tailor an insurance policy to the clients’ unique needs. Their watercraft insurance plans can provide clients with coverage against many different types of loss. They offer: * Medical payment coverage.
They offer medical coverage that can cover customers’ eligible medical expenses if they get hurt when on the water. * Physical damage coverage This optional coverage is typically designed to take care of clients’ boat, motor and trailer. Their agents will help client to determine the right amount of physical damage coverage for each boat on clients’ policy. Clients will also need to choose a deductible before their policy kicks in. * Liability coverage If the customer involved in an accident, there’s a good chance another person or another watercraft in involved.
And if the customer is at fault, he or she needs liability coverage. Clients can choose a lot of liability coverage or a little – it’s totally up to the clients. AIA services show customer what coverage and limits may be available, and how to get the maximum personalized protection they need. Recreational Vehicle Unless the clients have a true recreational vehicle insurance package, they could be in for an unpleasant ordeal should they experience a loss with their RV. The clients’ auto and homeowner’s policies may not cover such items as appliances, plumbing or accessories.
Recreational vehicles such as motorhomes and travel trailers, along with motorcycles have special insurance needs. Without true recreational vehicle insurance, clients emergency expenses incurred while travelling would undoubtedly come out of their own pocket. A typical travel trailer insurance policy from an auto carrier will include physical damage coverage only. AIA services which is A+ rated motorhome insurance and travel trailer insurance companies provide coverage far above and beyond the modest coverage provided by their auto insurance company.
Vehicle insurance, especially, can cover some or all of the following items: * The insured party (medical payments) * The insured vehicle (physical damage) * Third parties (car and people, property damage and bodily injury) * Third party, fire and theft * In some jurisdictions coverage for injuries to persons riding in the insured vehicle is available without regard to fault in the auto accident (No Fault Auto Insurance) Different policies specify the circumstances under which each item is covered.
For example, a vehicle can be insured against theft, fire damage, or accident damage independently. Bond Insurance Also known as financial guaranty insurance is a type of insurance whereby an insurance company (AIA Services) guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security. As compensation for its insurance, the insurer is paid a premium (as a lump sum or in instalments) by the issues or owner of the security to be insured.
Bond insurance is a form or “credit enhancement” that generally results in the rating of the insured security being the higher of; the claims-paying rating of the insurer and; the rating the bond would have absent insurance. According to AIA Services, they offers a tailor-made bond program that protects a person, corporation, or other legal entity in case of another’s default in the payment of a given contract, malfeasance of office, etc. By undertaking to be the surety, they are primarily liable in case of the default. Our main area of expertise lies in the secondary markets, offering a greater variety of surety credit.