Tuesday, October 13, 2009

American International Group (AIG) Auto Insurance

US Auto Insurance Companies
American International Group, Inc. (AIG) Auto Insurance

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AIG Auto Insurance

American International Group, Inc. (AIG) is a world leader in insurance and financial services. AIG has operations in more than 130 countries around the world. AIG is listed on the New York Stock Exchange and the stock exchanges of Ireland and Tokyo. The network of worldwide member companies of AIG offers their customers a wide variety of products and services. The worldwide member insurers and agents network of AIG serve individual, commercial and institutional customers. The global businesses AIG also include financial services, asset management and retirement savings. The businesses include aircraft leasing, financial products, consumer finance and trading and market making.

Different AIG Insurance Businesses
AIG companies provide a wide range of Accident & Health insurance coverage for individuals and their families. AIG Auto Insurance provides coverage to every driver and vehicle regardless of driving record or type of vehicle. The vehicles may be classic car, recreational vehicle or motorcycle or any other. AIG Life Insurance provides whole life, variable life, and universal life and term life insurance policies with vast variety of products in term and permanent life insurance. AIG group has a banking and loans business that deals with products like personal loans, home equity loans, mortgage insurance, money market accounts, certificates of deposit and many other private bank services to protect and grow the customer’s money. AIG Travel Insurance offers a gamut of global travel insurance products providing assistant and support worldwide during, before or after the trip. AIG Retirement Services offer a range of products that include fixed annuities, variable annuities and mutual funds.

Auto Insurance Products and Services
When an insured person meets with an automobile accident, Auto insurance and Motor Vehicle insurance provides the financial coverage. The claim may be due to theft, vandalism or collision involving a motor vehicle. AIG’s insurance policies include property, liability and medical coverage. Property coverage compensates for damage to or theft of a vehicle. Liability coverage provides for the policyholder’s legal responsibility to compensate for others for bodily injury or property damage. Medical coverage pays for the cost of rehabilitation, treating injuries and in a few cases loss of wages and funeral expenses if there is a loss of life. Auto and RV insurance provides coverage for cars, motorcycles, RVs, all-terrain vehicles (ATVs) and watercraft.

AIG Auto Insurance Coverage
AIG Auto Insurance generally provides coverage for most of the vehicles of daily use such as sedans, SUVs and convertibles. Their motorcycle insurance provides coverage to motorcycles and ATVs including scooters and the high performance bikes

Their comprehensive motorcycle program is tailor for covering every rider and every bike virtually at affordable cost.

Commercial automobile insurance products from AIG are insurance for school buses and charter buses, loss portfolio and insurance for lessors. Commercial vehicles that come under this coverage are small business vehicles, box trucks and pickups.

Personal Auto Insurance offered by AIG through agents and brokers who have the professional expertise to help you pick the right protection for your and your family.

Benefits of AIG Auto Insurance

1. Provides security to individuals and businesses
2. Flexible options and plans
3. Customer Focused claim service that is fair, fast and accurate.

AIG recently completed the sale of US Auto Insurance business to Zurich Financial Services for $1.9 billion which is the largest AIG business sale.

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