RICHFIELD, Ohio, July 13, 2010 (GLOBE NEWSWIRE) -- National Interstate Insurance Company announced today that its commercial vehicle insurance product is now available in Alabama, Georgia, Tennessee and Virginia. Originally launched in 2006, the commercial vehicle product is currently being marketed in seven states: Alabama, California, Georgia, Ohio, Texas, Tennessee and Virginia, and the company plans additional state expansions later this year. The product is offered exclusively through the National Interstate network of appointed agents/brokers and general agencies. To support the growing needs of this specialized market, the company is actively seeking to increase its agent/broker relationships.
Recognizing the commercial consumers' market as one with widely varying vehicles, drivers and trade types, the National Interstate product offers a broad range of coverage combinations. In addition, the product presents a competitive rate structure, customer-friendly down-payment options and above average agent/broker commissions.
The commercial vehicle product offers bodily injury limits of up to $1 million and recent enhancements include: allowing gross vehicle weights up to 60,000 lbs., additional coverage options for greater agent and customer flexibility, lower up-front down-payments, and for-hire rates. Coverage is also now available for up to 10 motorized units, 10 trailers, and 20 drivers on a single policy.
"Our commercial vehicle insurance product gives independent insurance agents and brokers an excellent opportunity to grow their business through a carrier with a comprehensive program, exceptional service, and an agent-centric philosophy," said John A. Hollar, Vice President of National Interstate Insurance Company. "Our entire organization shares a commitment of making it easy to do business with National Interstate. To facilitate submissions, we offer agents a fully-interactive Internet-based policy-processing system that allows them to generate quotes, bind coverage, and even quote and process endorsements on-line. We also have 24/7 claims handling and customer service delivered by a staff of professionals specially trained in commercial vehicle insurance."
National Interstate invites Agent/Broker or General Agent inquiries about representing the commercial vehicle insurance product. Interested independent Agents/Brokers should contact Jason Sinkovitz, Business Development Manager, at jason.sinkovitz@natl.com, 800-929-1500, ext.1201.
About National Interstate
National Interstate Insurance Company, a wholly owned subsidiary of National Interstate Corporation (Nasdaq:NATL), is a specialty property and casualty insurance holding company with a niche orientation and focus on the transportation industry. We differentiate ourselves by offering insurance products and services designed to meet the unique needs of targeted insurance buyers. Our products include insurance for passenger, moving and storage, and truck transportation companies, alternative risk transfer, or captive insurance programs for commercial risks, specialty personal lines consisting of insurance products focused primarily on recreational vehicle owners and small commercial vehicle accounts, and transportation and general commercial insurance in Hawaii and Alaska. We offer our insurance products through multiple distribution channels including independent agents and brokers, affiliated agencies and agent Internet initiatives. Our insurance subsidiaries are rated "A" (Excellent) by A.M. Best Company. Founded in 1989, we are headquartered in Richfield, Ohio with operations in Honolulu, Hawaii, Mechanicsburg, Pennsylvania, St. Thomas, Virgin Islands and Fenton, Missouri.