Coachman Insurance Company
Founded in 1979, Coachman Insurance Company is a subsidiary of SGI Canada. Coachman Insurance is only operational in Ontario with SGI Canada using separate branches in other territories. Coachman Insurance offers auto insurance as well as property and commercial business insurance. The Coachman company differs from most mainstream insurance providers because they specialize in non-standard insurance for drivers. So, what is non-standard auto insurance? Well, insurance is broken down into three categories:
Preferred Auto Insurance
This category is for drivers with the cleanest driving records and best vehicle usage characteristics. In other words, drivers who pose the least risk to insurance brokers.
Standard Auto Insurance
This is the most basic form of car insurance. Most drivers with few infractions on a driving record and a brief claims history qualify with standard insurance.
Non-Standard Auto Insurance
This is for car owners with a particularly rocky driving record or extensive claims history that pose a higher risk to insurance brokers. High risk essentially means that the cost to the insurance company will be higher than the premium they earn from the customer.
For high risk car owners, getting insurance can be difficult but it is an essential step towards getting back on track. This is because a long term insurance plan improves your driving record as well protecting you in the event of an accident. Most insurers frequently refuse to insure high-risk car owners. Coachman Insurance Company not only seeks out these drivers, they also endeavour to provide competitive prices. Because they carry the most risk to insurers, customers looking for non-standard coverage typically pay higher insurance premiums than preferred or standard customers.
Is Coachman right for you?
Let’s take a look at the advantages of the Coachman company:
- Specialized coverage: For higher risk car owners in need, this feature is essential.
- Product Selection: Considering Coachman’s specialization, their selection of insurance products is impressive, ranging from private to commercial property.
- Discounts: Coachman Insurance includes rewards for long term customers, as well as the standard insurance discounts.
Coachmen Insurance Company policies cover the following:
- Auto physical damage insurance: This insurance covers damages to the owner’s primary owned vehicle incurred in collisions, acts of vandalism or theft, or fire.
- Natural disaster insurance: If you live in an area with high rates of hail, thunderstorms, earthquakes, or tornados, this feature is a major plus.
- Third-party damage insurance: This protects you from claims made against you by another driver in the event of an incident. You can purchase up to $2 million in third party liability coverage from Coachman Insurance Company.
- Commercial general liability insurance: If you own a commercial business, this insurance protects your business from losses if you are found responsible for a third party’s bodily injury or property damage. GCLI can also protect representatives from your company if they are operating off your work premises.
- Umbrella insurance: Umbrella insurance is a form of liability coverage extends your policy to your family or household. Umbrella insurance works to make sure you will not lose your savings if you end up owing more money than your insurance can provide.
- Commercial Surety Bonds and Fidelity Bonds: This is a specific kind of written agreement between the guarantor (in this case, Coachman Insurance is the guarantor) and the insured party. This is to protect Coachman Insurance should the principal (the car owner) not be able to repay the agreed upon amount.
Conclusion
Coachman Insurance reviews are quite hard to come by and it’s difficult to say whether their customer service is up to the standards or other insurance providers. However, the insurance products are undeniable lifelines for car owners struggling to find insurance.
Remember, Coachman Insurance Company only caters to clients in Ontario. If you feel like Coachman has the right product for you, you can access them from other territories through other subsidiaries: SGI Canada in Saskatchewan, and SGI Canada Insurance Services Ltd. in Manitoba, British Columbia, and Alberta.
