Executive Risk Indemnity Inc Auto Insurance Review

Executive Risk Indemnity Inc Auto Insurance is part of an excellent insurance group called the Chubb Group of Insurance Companies. Since 1882 when the company was founded, the Chubb Group has only grown larger and larger.

This company is so big that it is currently doing business in the United States as well as Asia, Europe and South America. As one of the most successful auto insurance companies, it has received the highest rating from A.M. Best, an A++. For several FREE auto insurance quotes, enter your ZIP code!

Being associated with the Chubb Group of Insurance Companies makes Executive Risk Indemnity Inc Auto Insurance a highly reliable company. Furthermore, the Chubb Group of Insurance Companies has several other subsidiaries along with Executive Risk, but it still received the credit ratings agency’s highest rating.

An A++ rated company is the very least likely to not be able to honor all of the claims that warrant payment.

Clients Have the Choice of Agreed Upon Value

The fact that Executive Risk Indemnity Inc Auto Insurance has such a high amount of monetary assets at its disposal allows this company to offer services that not all auto insurance companies can give their clients.

Rather than offer the market value when a car is too damaged to be repaired, Executive Risk Indemnity Inc Auto Insurance gives its clients a choice of agreed upon value that may be more advantageous than the market value amount.

Options for Times When the Vehicle Is Being Repaired

Another positive feature may be the fact that their clients may need a rental vehicle while their cars are being repaired. These clients will be entitled to a rental vehicle that will be comparable to their own in size. When Executive Risk Indemnity Inc Auto Insurance clients are unable to use their cars, they may receive as much as $5,500 to cover any expenses they will incur because of it.

Part Depreciation Is Not Subtracted from Payment

Executive Risk Indemnity Inc Auto Insurance is different from other auto insurance companies in another important way. It does not lower the amount that will be given to the client based on the depreciation of the vehicle’s parts.

The Option of Insuring a Classic Car

People who have classic cars are not driving these vehicles in the same way that they are driving the cars they drive to work. Because of this, classic cars are, generally, much less expensive to insure than regular cars.

It’s for this reason that people need to purchase a policy specifically for classic cars, but not every insurance company offers these types of auto insurance policies.

Executive Risk Indemnity Inc Auto Insurance does have the ability to offer classic car insurance. Like with the standard policies, owners of classic cars will have the agreed upon value if their vehicles are completely destroyed.

As classic cars appreciate rather than depreciate, Executive Risk Indemnity Inc Auto Insurance adds this value to the agreed upon value as it increases.

The Option of Purchasing Excess Liability Coverage

Executive Risk Indemnity Inc Auto Insurance has another type of insurance coverage that other auto insurance companies are not prepared to offer. Excess Liability coverage that adds to the liability that people can purchase for their basic coverage is available for Executive Risk Indemnity Inc Auto Insurance clients.

The Ability to Qualify for the Multi-Policy Discount

Executive Risk Indemnity Inc Auto Insurance also has other types of insurance products for their clients to purchase beyond auto insurance. By bundling these different types of products, people can receive auto insurance discounts on their policies, known as the multi-policy discount.

Other Opportunities for Discounts

The company also goes out of its way to offer cheap auto insurance for everyone with many other discounts. Several of the discounts clients of the Executive Risk Indemnity Inc Auto Insurance Company are the good student, the defensive driving course, the driver’s training course, the anti-lock brake, anti-theft, passive restraint and air bag discounts.  Find the lowest quotes for auto insurance for FREE by entering your zip code!

Final Thoughts

It wouldn’t be wise to accept a quote from one auto insurance company and purchase this insurance right away. Executive Risk Indemnity Inc Auto Insurance Company appears to be a company that has several good options for its clients, but applicants may also like another company’s offerings even better.