New Insurer Focuses on Auto Glass.Autoglass Insurance Co. is offering an alternative to insurers who view their glass claims as a time-consuming nuisance. The Elmira, N.Y-based company is removing the hassle of auto glass claims from insurers auto physical damage coverage and is acting as a reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. to underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. , price and manage the claims on behalf of the issuing carrier. "Auto glass claims are annoying for insurers; our company gets them out of the insurers' hair and into ours," said James H. Nusbaum, vice president of Autoglass Insurance Co. Autoglass Insurance also offers insurance coverage for car owners who have a high deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). and want extra coverage for the chance of a $500 windshield replacement. "Our research shows that 80% of all auto comprehensive claims are for automobile glass replacement or repair, and for those in the nonstandard non·stan·dard adj. 1. Varying from or not adhering to the standard: nonstandard lengths of board. 2. markets or who don't have any auto physical damage coverage at all this is an affordable alternative," Nusbaum said. Autoglass Insurance Co. is licensed in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and writes coverage on General Re paper nationwide. |
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