TLC INSURANCE NYC, BROOKLYN

The New York City Taxi & Limousine Commission (TLC) is the body that regulates and licenses taxis for New York. They regulate the industry for all taxicabs of all varieties in the city.

To drive with paid passengers, you need to have a driving license, and to link with a TLC-approved dispatch base in the city. You will then need to fill in an application form, proving you have a suitable vehicle and TLC insurance in NYC to be able to operate your taxi. Our TLC insurance brokers in Brooklyn can help you to find a suitable level of cover.

When your application is processed you receive something called a plate letter. This is a letter that confirms you can go to the DMV and get your plate and registration for your vehicle. The plate letter is valid for 20 days after it has been issued. When you visit the DMV location to get your TLC license, you need to take your TLC insurance proof. 

If you’re carrying passengers who are paying within the New York city limits then your drivers need a license, as well as insurance. TLC insurance brokers in NYC can help you to get the best cover and price.

TLC insurance quotes vary depending on your personal situation, just like any other form of insurance. If you are over 25 with a clean driving history your insurance will be less, but it is likely you will pay between $3,000 and $5,000 to meet the minimum insurance requirements for TLC insurance in Brooklyn. New drivers or those who have a history of claims might pay up to $10,000 for their insurance. Your driving history plays a big part. Many insurance companies will allow you to pay monthly for your insurance if you cannot pay it all in one go. 

If you are looking to get a quote then make sure you work with brokers to get the best possible price for your insurance. Because we work with multiple insurers, Next Century Insurance can help you to find an option that is affordable and gives you the coverage you legally need.

The simple answer is yes; you need TLC car insurance if you are in the commercial private transportation industry in NYC. According to the New York City regulations, all owners of a TLC license in this city should have at least a minimal TLC insurance policy.

The term “minimum” refers to third-party protection. That insurance covers property damage, uninsured motorist coverage, and personal injury protection. The idea of TLC insurance NYC is to secure protection to other parties or properties you could harm while behind the wheel of your vehicle.

Basic TLC insurance doesn’t cover damage to your car. If you happen to be in an accident, you’ll need to pay for the repairs yourself. That can be expensive, and it could take a while to fix all damage. As a result, you’ll lose a lot of money for repairs, and even more, because you were off the road a long time.

That’s why extra collision insurance could be a wise move. You’ll pay more for the policy, but you are safe if anything goes wrong. The policy covers your vehicle, which means the insurance agency will pay for all damages. Additionally, you’ll have peace of mind, which helps to focus better on the job.

The New York City Taxi & Limousine Commission has minimum insurance levels required for different vehicles. If you want your TLC car insurance to be in line with the law requirements, you need to meet these levels.

It’s easy to get TLC insurance. Most providers require filling out an application and submitting a photographed or printed copy of your TLC license. The provider will verify the license, and you can proceed to choose a suitable policy. Once you are happy with the terms, sign the deal to confirm it. Your insurance will become valid on the day the provider has marked as a “start date” on your policy.

Here’s a short overview of TLC insurance NYC requirements by vehicle type.

If you own a livery vehicle or black car for up to seven passengers, these are the insurance levels to meet:

• $100K per person.
• $200K for personal injury protection (PIP).
• $300K per occurrence CSL.

The required minimum insurance limits increase if your vehicle has a bigger seating capacity. The levels go up to $1.5 million per occurrence CSL in vehicles that can accommodate eight to 15 passengers and $5 million per occurrence if you have up to a 20-seat capacity. If the capacity is higher than seven passenger seats, there aren’t minimum insurance levels per person.

If you choose a luxury limousine with up to seven passengers, your TLC insurance requirement levels are as follows:

• $500K per person.
• $200K for personal injury protection (PIP).
• $1 million per occurrence CSL.

The fee increases to $1.5 million per occurrence in limousines with eight to 15 passenger places and $5 million per occurrence in vehicles with up to 20 seats available.