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| Car Rental Welcome to Knight Management Insurance Services! Please see below for some of the products we have to offer, and feel free to browse our site for more information. | |
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(SLI) is a secondary liability insurance product that perfectly compliments RLP. SLI picks up where RLP (or other primary liability coverage) leaves off. SLI provides third party liability protection to the rental customer up to 1 Million Dollars. When combined with RLP, the customer effectively has coverage from dollar one to $1 Million.
SLI provides customers with the peace of mind that only a Million dollars of third party liability protection can provide. Whether your customer is traveling on business or vacation, at home or away, a Million dollars of protection goes with them.
The Bottom Line When you provide SLI to your customers, you are not only providing peace of mind, you are increasing your bottom line on each rental. KMIS sets the wholesale price that you pay for SLI, but you set your own retail price. You keep 100% of the difference. The profit margins on SLI are greater than the margins on time and mileage. As SLI sales increase, so does your bottom line.
Point of Sale Registration SLI is a real third party liability insurance policy provided to qualified automobile renters. Registration of your renter ensures that coverage is immediately effective at the time of the rental.
As with RLP, customer registration has never been easier. Registration can be competed right on your existing rental car software. KMIS has partnered with two of the top rated, best selling rental car software companies on the market: Bluebird and TSD. Simply click to enroll and hand your client a custom printed certificate of insurance with their rental contract to complete a worry free rental. If you use another rental software package, simply enroll on-line at www.rlpinsurance.com.
The Policy
The SLI policy is a commercial automobile liability insurance policy, providing coverage on an excess of underlying coverage of up to $1,000,000. The policy is written by State National Insurance Company/National Specialty Insurance Company, an admitted insurance carrier rated A (Excellent) by A.M. Best. Each rental customer who is registered becomes a certificated additional driver under the policy, for the term of the rental. | |
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Renter's Liability Protection is a liability insurance policy for rent-a-car customers, which is provided at the time the customer takes the rental vehicle. The coverage afforded by RLP meets the minimum amount of coverage mandated by California's financial responsibility law, and can be adapted to most states.
At the point of sale, the customer's information is entered into the RLP web site, and certificate is instantly printed. The certificate is given to the customer as proof of insurance. RLP is a stand-alone program. No rent-a-car operator will be required to participate in any other fleet management or insurance programs to be eligible to sell RLP.
The Bottom Line RLP enables a rent-a-car operator to eliminate his risk by ensuring that his customers carry liability insurance. Thus, a rent-a-car operator can drop his own insurance coverage, become permissibly self-insured, avoid third-party liability, and make a substantial improvement to his bottom line, maybe even doubling profit per vehicle; month after month.
Point of Sale Registration
RLP is a real liability insurance policy provided to qualified automobile renters. At the point of sale, registration can be completed right on your existing rental car software. KMIS has partnered with two of the top rated, best selling rental car software companies on the market: Bluebird and TSD. Simply click to enroll and hand your client a custom printed certificate of insurance with their rental contract to complete a worry free rental. If you use another rental software package, simply enroll on-line at www.rlpinsurance.com. This will ensure that coverage is effective at the time of the rental. All policy data is fully available to the rent-a-car’s management team on a store-by-store, real-time, basis.
The Policy
The RLP policy is a commercial automobile liability insurance policy, at state minimum limits. The policy is written by State National Insurance Company/National Specialty Insurance Company, an admitted insurance carrier rated A (Excellent) by A.M. Best. Each rent-car customer who is registered becomes an additional driver under the policy, for the term of the rental. | |
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Personal Accident Insurance (PAI) provides accidental death and emergency medical expense benefits to the renter and all passengers in the vehicle.
The renter is covered 24 hours a day during the rental term for the following:
$100,000.00 for accidental death
$1,000.00 for medical coverage for injuries due to an accident
$250.00 for ambulance expenses
Personal Effects Coverage (PEC) insures the personal belongings of the renter and the immediate family members who are traveling with the renter. The maximum coverage is $525.00 per person.
The Bottom Line
When you provide PAI/PEC to your customers, you are not only providing peace of mind, you are increasing your bottom line on each rental. You keep 100% of the difference between your costs to KMIS and the price at which you sell the product to your customers. The profit margins on PAI/PEC are greater than the margins on time and mileage. As PAI/PEC sales increase, so does your bottom line.
Point of Sale Registration
Customer registration has never been easier. Registration can be completed right on your existing rental car software. KMIS has partnered with two of the top rated, best selling rental car software companies on the market: Bluebird and TSD. Simply click to enroll and hand your client a custom printed certificate of insurance with their rental contract to complete a worry free rental.
The Policy
The PAI/PEC policy is a commercial automobile liability insurance policy. The policy is written by State National Insurance Company/National Specialty Insurance Company, an admitted insurance carrier rated A (Excellent) by A.M. Best. Each rental customer who is registered becomes a certificated additional driver under the policy, for the term of the rental. Back to top | |
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