ACE Group’s high-net worth personal lines business ACE Private Risk Services said its ACE Platinum Portfolio program will now include automobile insurance coverage within one package policy in Massachusetts.
The automobile coverage features an optional agreed value coverage, payment for original manufacturer parts, and up to $10,000 for cost of renting a car while a vehicle is under repair due to a covered loss.
The optional new for old coverage feature replaces an auto with latest model after a covered loss and the up to $1m liability limits feature allows combined single limit option.
The policy’s Deductible Reserve feature credits 10% of any deductible amount of $1,000 or more towards a reserve for the policy’s each claim-free year, reducing deductible payment during a claim.
ACE Platinum Portfolio is offered in about 50 US states through independent agents and brokers.