Excess Automobile Liability
Imagine being involved in a serious accident where the costs exceed the limits of your primary insurance coverage. Without excess automobile liability insurance, you could be held personally responsible for the remaining expenses, putting your savings, assets, and financial stability at stake.
Excess Automobile Liability Insurance coverage is a type of insurance that provides additional protection beyond the limits of a primary automobile insurance policy. This coverage is important for individuals or businesses that want increased financial protection in case of a major accident where the damages exceed the limits of the primary policy. Excess Liability Insurance kicks in once the limits of the primary policy are exhausted, providing an extra layer of security and peace of mind.
Underwriting information is crucial in determining the premium for Excess Automobile Liability Insurance. Underwriting involves assessing the risk associated with insuring a particular individual or organization. The insurer considers factors such as the insured's driving record, claims history, type of vehicle, coverage limits, and other relevant information. The underwriting process helps the insurer determine the likelihood of a claim being filed and the potential costs involved. The higher the risk presented by the insured, the higher the premium is likely to be.
Engaging AMG's services as an insurance broker can offer several benefits to clients looking for Excess Automobile Liability Insurance coverage. As a reputable insurance broker, AMG can provide clients with access to a diverse range of insurance products from multiple insurance providers.
AMG Corporate has a wide scope of expertise with deep technical skill and experience including:
- Aviation
- Business Interruption/ Loss of Profits
- Carrier’s Liability
- Comprehensive General Liability
- Construction All Risk
- Contractor Plant’ Equipment
- Employer’s Liability
- Excess Automobile Liability
- Fidelity Guarantee
- Freight Forwarder Liability
- Goods in Transit
- Marine Cargo
- Marine Hull & Machinery
- Port & Terminal Operator Liability
- Project Delay in Start-up (DSU)
- Property Insurance
- Ship Builders’ All Risks
- Ship Repairers’ Liability
- Warehousemen Liability
Contact AMG
We provide risk management, risk consulting, insurance broking, insurance program management and claims advocacy services.