Auto

Anyone planning to operate an automobile internationally will need to purchase Comprehensive, Collision and Liability coverage. As requirements vary from country to country, it is important to determine the exact requirements of your destination.

The Cormorant Program

Our Auto program can provide coverage for Comprehensive, Collision and Theft, Primary Auto Liability (Third Party) and Excess Liability coverage conveniently packaged in one program.

Comprehensive & Collision Coverage

Worldwide comprehensive, theft and collision coverage for your automobile while it is being operated or parked abroad. Cormorant also provides Automobile Rental Reimbursement, Disablement Towing Coverage and optional coverage for duty expenses.

In addition, this coverage provides Reimbursement of Automobile Rental Insurance Expenses while renting an automobile. Remember, this feature does not provide insurance coverage on the rental vehicle, but simply reimburses you for the cost to purchase the rental agency's daily insurance package. Some limits apply.

The Fine Print

A deductible applies.

Automobile Liability Coverage is excluded.

A standard war exclusion applies.

Coverage is excluded while the automobile is within the United States, Canada or the named insured's home country.

Transit insurance is excluded.

Primary Liability Coverage

Our policy can provide the locally required third party automobile liability coverage while your automobile is being operated. Licensed drivers are covered for the sums they are legally obligated to pay as damages because of bodily injury and/or property damage to others.

In many countries, we provide the locally required Primary Auto Liability Insurance (Third Party) coverage in conjunction with your Cormorant policy. Primary Liability policies are issued through a legally accepted insurance company in the country in which you reside and comply with the local operational laws and registration requirements.

Excess Liability Coverage

Under our Cormorant Plus program, we offer Automobile Excess Liability Insurance coverage. When it is required for you to purchase your primary liability coverage locally, our excess liability coverage will extend this often inadequate coverage.

From our claims file:
An International businessman loses control of his vehicle and runs into a parked car. Upon contacting his local insurance company, learns that the policy will not pay for damages to the other car because no bodily injury was caused. A Cormorant Excess Liability policy would provide this coverage over the local insurance.

The Fine Print

A standard war exclusion applies.

Coverage is excluded while the automobile is within the United States, Canada or the named insured's home country.

Cormorant Premier

Cormorant Premier offers members extended coverage benefits including increased liability limits, guaranteed value coverage of the automobile, and additional Reimbursement of Automobile Rental Insurance Expenses. Please contact us to learn more about this extended offer.