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Casey
Fleet Solutions has been providing Fleet Insurance Coverage to
leasing Companies since 1995 and has created a
sophisticated yet flexible interfaces to manage large fleets,
providing the lessor with many tools that are not available
from other agencies or carriers.
Since
the concept of fleet leasing commenced in the 1940's, there
have been many attempts by leasing companies to provide
insurance coverage to their lessees. Most of these attempts
have been subjected to re-structure many times, as the Lessor
discovers that he is carrying an undesired risk, or that the
losses sustained have outweighed any available benefits from
their program.
The
highly specialist nature of fleet insurance is a natural for
outsourcing, particularly if the program allows the Lessor a
degree of flexibility and profit participation.
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Coverage |
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InsurancePlus
has a standard coverage that complies with the
needs of 99% of Lessors and Lienholders. Alternative coverages
are available. The basic coverage
details are: |
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Automobile
Liability |
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Bodily Injury,
Property Damage, Liability: |
$1,000,000
Combined Single Limit |
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Uninsured/Underinsured
Motorist: |
$1,000,000 Combined Single Limit |
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Personal Injury
Protection: |
Statutory per
State |
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Physical
Damage |
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Collision: |
Actual Cash Value:
$1,000 deductible |
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Comprehensive |
Actual Cash Value:
$1,000 deductible |
| Premium
Pricing Based on Fleet Mix and History |
Premiums are
calculated on the
geographical mix of your insured fleet, and are then
assessed by the loss history of each individual client
within the fleet. This allows for a mix of excellent and
not-so-good histories, without the better clients being
penalized for the losses of others.
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| Removes
All Risk From Lessor |
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designed to remove all risk from the lessor, allowing him to
concentrate on his real business, but still provide the
product as a profit center. Those Lessors who wish to
participate in the risk in the hope of increasing margins on
the product have the ability to do so. |
| Competitively
Priced |
Our program
represents competitive commercial fleet premiums. This
is especially true when one considers the fact that the cash
flow is better than available anywhere else and that
Accident Management may be included, free of charge for
those Lessors who do not have their own program. If you do
have your own Accident Management program, YOU WILL GET
PAID for the services provided.
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| Optimized
Cash Flow |
Our program
calculates the actual premium per month per unit based upon
the number of units active at the time. Therefore your
clients' premiums reflect the exact profile of their fleet each month.
There is NO DOWN PAYMENT or DEPOSIT of 25% at the
outset of their coverage, and, because the Insurance Premium
is included in the monthly leasing bill, your client only
has one bill to contend with each month.
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| Program
meets Umbrella Requirements |
The limit of
Liability of $1,000,000 meets the underlying requirements of
virtually every Umbrella Liability policy we have ever seen.
Our insurance carrier is A+ rated which is also required by
the Umbrella insurance company. Higher limits are available
where required.
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| Optional
Accident
Management |
We can, where
required, provide
accident management, not just another insurance company
claim department for our clients. This is a level of
hands on, driver friendly service not available from a
traditional commercial auto insurance policy. In
addition the work flow, quality and cost of the repair is
monitored to a much greater extent than normally seen.
This helps keep future insurance costs under control -
and it doesn't cost you, or your client a dime in additional premium.
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| An
Independent Profit Center |
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The structure of our program
allows you to retain profits from this service in exactly the
same way as the issuance of fuel cards. A no-risk bottom line
contribution with absolutely minimal involvement must be an
attractive proposition. |
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Experience |
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This program is
not a newcomer to the market, we have been operating this
program, and refining it for nearly ten years. We are
extremely proud of the fact that over those years, we have
covered many thousands of vehicles, without one dime of loss
being incurred by the lessor. |
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