BEDFORD PARK, Ill., June 10, 2019 /PRNewswire-PRWeb/ -- "First Chicago Insurance Company(FCIC) is committed to removing barriers that prevent our producers from marketing and selling the products we stand behind. At First Chicago we remain dedicated to our customers, and are driven to provide insurance products that exceed their expectations," began Mike Rosenstein, President, FCIC.
"In order to better meet the needs of our customers and producers, FCIC has built a new TNC endorsement and overhauled our Individual Delivery endorsement, both of which are offered through FCIC's Illinois Maverick personal auto insurance product. FCIC is a forward-thinking, customer focused insurance provider and has simplified the process of obtaining comprehensive auto insurance for TNC drivers," Rosenstein concluded.
With the rapid growth of the TNC and Individual Delivery market, individuals working for Uber and Lyft and delivery services such as GrubHub and Amazon, FCIC wanted to remain competitive by providing rate and coverage for this growing segment of the market.
Therefore, FCIC has completely revised their TNC/Individual Delivery endorsements. The previous structure of five separate levels of coverage has been simplified into two straightforward options. Coverage will now be available for a flat rate $100 for a single coverage, such as TNC endorsement. If both coverages are desired, TNC and Individual Delivery, the cost is now only $150. The number of hours the vehicle is driven for TNC/Individual Delivery is no longer a factor that affects premiums or coverage.
Rosenstein explained, "As the TNC market continues to evolve, so do many of the insurance products we offer our producers and ultimately our customers. FCIC's valued producer force now has a competitive product that is attractive to the consumer. They have the ability to tap into the popular TNC/Individual Delivery market and thus expand their book of business. For the consumer, FCIC's TNC/Individual Delivery coverage is now more accessible and can potentially help provide an additional source of income."
FCIC has plans to implement their new TNC/Individual Delivery endorsement program in other states they currently offer their Maverick personal auto program. For more information as to all of FCIC's offerings, please contact the FCIC's Marketing department at 888-262-8864.
About First Chicago Insurance Company:
First Chicago Insurance Company (FCIC), whose roots trace back to 1920, is about to celebrate their 100th anniversary. Over the timespan, FCIC has evolved into a multi-line carrier, now offering General Liability, Workers Compensation and writing various classes of Commercial Auto, in response to the needs of the commercial segment. In personal lines FCIC has responded to the changing exposures and needs of their Independent Producers by adding niche insurance products such as Contents Plus Renters and Transportation Network Coverage to enhance their personal lines offerings. FCIC currently offers insurance via independent agencies and the Internet throughout Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Pennsylvania and Wisconsin. Headquartered in Bedford Park, FCIC is located at 6640 S. Cicero, Ave., Bedford Park, IL 60638. 1-888-262-8864
SOURCE First Chicago Insurance Company