Hybrid Auto Insurance Launched by Fireman's Fund Insurance Company
Hybrid Car Insurance Provides Enhanced Coverage for Green Automobiles
Press Release
FAIRLAWN - August 20, 2009 - Brunswick Companies announced today that its Personal Insurance Group stands ready to assist hybrid automobile owners desiring enhanced insurance coverage specifically designed to meet the needs of green car owners.
Fireman's Fund Insurance Company is First to Introduce Hybrid Upgrade Auto Insurance
Fireman's Fund Insurance Company is the first to introduce hybrid upgrade auto insurance, enabling car owners to go green.
Optional Coverage Provides Full Replacement Cost of Your Hybrid Vehicle
In addition, new vehicle replacement coverage is available - insuring the full replacement cost of vehicles that are total losses for up to their first three model years (option available for five model years).
The hybrid auto upgrade enables policyholders to upgrade to a hybrid model (or its equivalent) during the first three model years in the event of a total loss. This is an attractive choice for those car owners who want to protect the value of their assets, reduce their energy costs, and protect the environment.
Ninety percent of U.S. adults are open to choosing a hybrid if they were in the market for a new vehicle, according to the Johnson Controls survey conducted by Harris Interactive (http://www.mema.org). Many car owners are opting for hybrids and alternative fuel vehicles to reduce fuel costs and pollution, said Don Soss, Fireman's Fund vice president of Personal Insurance.
Most auto insurance policies pay actual cash value (cost of the vehicle when purchased new minus depreciation) if an auto is damaged beyond repair or stolen. This doesn't account for the extra cost you would have to pay to purchase a new vehicle, often costing thousands of dollars more. Fireman's Fund differentiates by offering full replacement coverage, including increased cost to replace, with a new vehicle.
Vehicles will be replaced with the most current make and model available, including similar equipment and options. There is no depreciation reduction, but rather the inreased cost to replace with a new vehicle is covered. These optional enhancements to the Prestige Auto Premier policy are now available in six states: AZ, CO, CT, IL, MD and TX.
Source: Insurance News Net To request additional information or request a quote, download the following applications or call Michelle Hirsch at 800-686-8080.
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