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FAQ Group: Insurance policy coverage

FAQ

What is collision coverage?

A typical TLC liability policy only covers property damage to other vehicles involved in an accident. If there is an accident and there is damage to your vehicle, you would not have any coverage to repair the vehicle unless your policy has collision (sometimes referred to as “full coverage”). We also sell a combined policy...

FAQ

What is uninsured motorist coverage?

Uninsured motorist coverage protects you in case there is an accident involving an uninsured vehicle (you will be surprised how often this happens!). The minimum limits of coverage in New York State are $25,000/$50,000. This means the insurance carrier will pay a maximum of $25,000 for any one person or a maximum of $50,000 for...

FAQ

What is property damage coverage?

Property Damage (PD) liability covers claims as a result of damage to others’ property (such as a vehicle). The coverage includes legal defense for you as a result of a lawsuit. The minimum limits of Property Damage liability mandated by the TLC are $10,000. This means that the insurance carrier will pay up to $10,000...

FAQ

What is bodily injury coverage?

Bodily Injury (BI) liability covers bodily injury claims from other parties as a result of an accident caused by your automobile. The coverage also includes legal defense for you as a result of a lawsuit. The minimum limits of Bodily Injury liability mandated by the TLC are $100,000/$300,000 – this means that the insurance carrier...

FAQ

What is Personal Injury Protection (PIP)?

Personal Injury Protection (PIP), sometimes referred to as “No Fault” is coverage provided on a standard auto liability policy that covers medical expenses, lost earnings and other related expenses for drivers, passengers and pedestrians. Please note that drivers for TLC vehicles may be ineligible for this coverage. Drivers affiliated with Black Car Bases (such as...

FAQ

What doesn’t a typical TLC insurance policy cover?

There are various exclusions on a liability only policy that should be reviewed, however, one that many drivers may find surprising is that there is no collision coverage. This means if you get into an accident and need to repair your vehicle, you will need to pay out of pocket for these expenses. We recommend...

FAQ

What does a typical TLC insurance policy cover?

The minimum requirements for registering a TLC vehicle include liability coverage, Personal Injury Protection (PIP) and uninsured motorists coverage (UM) – the combination of these coverages are typically referred to as a liability policy. This type of a policy will cover you (the insured) against claims and lawsuits for bodily injury and property damage to...