|Chartis Introduces New Auto Coverage Enhancement That Helps Business Customers “Go Green”|
NEW YORK – September 7, 2010 – Chartis today announced the introduction of an Auto Physical Damage Alternative Fuel Incentive Deductible coverage enhancement, developed by its Commercial Casualty Division to assist business customers in their efforts to be environmentally responsible.
There is no additional charge for this coverage enhancement, which is available as an endorsement to commercial automobile policies issued by Chartis insurers. It allows customers to be reimbursed for their auto physical damage deductible, or have it waived, up to a maximum of $1,000, if a covered gasoline-powered vehicle is deemed a total loss and is replaced with a “green automobile.” Insureds must submit documentation verifying a “green auto” purchase to their claims adjuster no later than 30 days after payment of the total loss settlement.
“Today’s businesses are striving to reduce their carbon footprint, so it is incumbent upon us to offer solutions that assist them in their effort to adapt to evolving regulations,” said Louis Iglesias, Chairman and Chief Executive Officer of Commercial Casualty. “We pride ourselves on our ability to deliver innovative products that provide meaningful benefits to clients across all of our market segments and industry initiatives. This new auto solution complements our general liability solution for green commercial and residential properties.”
For more information regarding this auto endorsement, please contact Lentz Merisier, Senior Vice President of Commercial Casualty, at 212-458-5644 or via e-mail at email@example.com.
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.