What car insurance options are worth considering as a limousine driver?
Limousines aren’t like most cars, so regular car insurance might not get you the coverage you need.
If you have a limousine as a collector’s item or for personal use, you can insure it as a luxury vehicle. However, if you run a chauffeuring or limousine service, it’s a bit more complicated. Insurance is typically purchased through intermediaries or brokers for a fee, though some insurers might not even offer this type of coverage. Compare your options to get covered for your limo.
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What’s covered by limousine insurance?
The three main elements of limousine car insurance are physical damage coverage, liability coverage and personal injury coverage.
Physical damage coverage
This type of coverage is generally like standard car insurance for your limousine. Depending on the insurer, you might be able to choose between liability coverage, collision damage or comprehensive coverage, while some will only offer comprehensive policies.
These types of policies will usually allow you to either claim the cost of repairs or have the insurer carry out the repairs themselves. Plus, you’ll get a new vehicle or the full value of yours in the event of a total loss. With comprehensive coverage, you’re generally covered for a wide range of damage to your limousine, including:
- Collisions or accidents
- Storm, hail, lightning or flooding
- Theft, vandalism and damage caused by attempted theft
This type of coverage will generally cover all chauffeurs, directors and executives while they’re operating a company vehicle. If you’re an owner-driver working as a contractor, it may also cover potential liability to the company that’s employing you.
Most liability insurance policies can be broken down into two kinds of coverage: bodily injury and property damage.
- Bodily injury covers certain legal and medical costs in the event that a passenger or a third party are injured in your care.
- Property damage covers the cost of damage to passenger or third party property.
Personal injury coverage
This coverage refers to medical and personal accident insurance for you or your drivers. It may cover costs such as:
- Funeral expenses if you or a driver die in an accident following an insured event
- Lump sum benefits in the event of specific disabling injuries such as quadriplegia or loss of limbs
- Repatriation of a driver in the event of them being injured or killed a long way from home
- Medical bills and expenses resulting from an insured event
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Additional coverage to consider for limos
Limousine and chauffeur insurance typically includes a range of options to help tailor coverage to your needs. Additional features can come in the form of options or automatic inclusions depending on the insurer. These may include:
- Keys and locks. Coverage for replacement keys and replacing locks if keys are stolen.
- Driver property. Coverage for a driver’s personal property, such as uniforms, phones or other items.
- Expediting expenses. To help cover temporary repairs or expedite permanent repairs.
- Rental vehicle. Coverage for the cost of temporarily hiring a replacement vehicle following theft or major repairs.
- Journey disruption. To pay for the costs associated with a journey being disrupted, including overnight accommodation for drivers and passengers and the cost of arranging new transportation.
- Removal, delivery and cleaning. The cost of cleaning up and removing debris, which you may be liable for following an accident or other insured event.
- Branding. Coverage for the cost of repairing or replacing any branding, decals or artwork on your vehicle that has been damaged.
- Gap insurance. If an insured vehicle has outstanding payments following a total loss, policies may pay a specified amount to the lender.
- Downtime. Extra insurance benefits to compensate you for vehicle downtime when it cannot be used for business purposes.
- No-deductible windshield claims. You won’t need to pay a deductible when claiming windshield damage.
- Non-owned vehicle coverage. Insures you while driving another vehicle not owned by you.
- Uninsured motorist. Coverage against damage caused by another driver who is uninsured or underinsured.
What impacts limo insurance costs?
The premiums are the regular, ongoing costs of holding a policy. Your premiums are generally determined by:
- The vehicle make and model and total value
- The location of your business and service area of your vehicles
- The types of coverage included in your policy, including options and features
- The age of the vehicle’s drivers
- Your previous driving history and claims history
- The deductible, or how much you’ll need to pay before insurance covers the claim
Limousine coverage exclusions
All policies will come with exclusions, so it’s important to read terms and conditions to avoid denied claims or gaps in coverage. Typically, you’re required to take all appropriate measures to operate your service safely and legally. This means that if your vehicle is improperly maintained or there’s any intentional damage, you probably won’t be covered.
- Acts of terrorism or war
- Tobacco smoke, asbestos or radioactivity-related claims
- Damage while carrying dangerous goods
- A vehicle not being legally roadworthy
- Unlawful acts, including a driver being unlicensed or under the influence
- Damage from watercraft, aircraft or hovercraft
- Legal costs for deliberate mistakes
- Damage from computer viruses
Vehicle damage exclusions
- Lawful seizure of your vehicle by authorities or debt collectors
- Consequential losses of being unable to use your vehicle, such as lost income
- Obsolete parts which are no longer made or cost more than the list price
- Not locking your vehicle to prevent theft
- Tire damage caused by brake application or road punctures
- Vehicle deterioration, wear and tear, rust, corrosion, faulty workmanship or failure to maintain it
Passengers rely on your limousine to get them to their destination safely, but it’s also important to protect yourself. Limousine car insurance can cover your drivers, vehicles, passengers and beyond, making it an absolute must for any limousine service.
Like standard car insurance, several providers and policies can help cover you on and off the road. Coverage, features and exclusions can vary, but you can find the best value by comparing your limousine coverage options.
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