Benchmark Auto Insurance Review

Benchmark auto insurance operates as a reinsurance company that sells insurance to other insurance companies. Enter your ZIP code to compare auto insurance quotes now.

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Company Details


100 Lake Street West

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Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates...

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Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance...

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Reviewed byDaniel Walker
Licensed Insurance Agent

UPDATED: Apr 19, 2020

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It’s all about you. We want to help you make the right coverage choices.

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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Things to Remember...

  • Benchmark is part of the Trean Corporation
  • Benchmark operates as a reinsurance company, which insures other companies
  • Benchmark offers several lines of insurance for a variety of coverage needs

A Benchmark auto insurance review determined this company was incorporated in 1964.

This company is licensed to write policies in 47 states and has an “A-” rating from one of the highly regarded insurance raters, A.M. Best, who assesses the company’s performance and financial stability.

Benchmark has its headquarters in the state of Minnesota but is part of the Trean Corporation who also has branch offices in Las Vegas and Kansas.

It also has satellite offices in Costa Mesa, California as well as Brookfield, Connecticut.

To get your auto insurance quotes today, enter your ZIP code here to be directed!

Benchmark Aircraft Coverage

Aviation or aircraft coverage are other ways to identify an airplane policy. There are several ways to insure an aircraft, yourself, and passengers even if you do not personally own a plane.

Certified flight instructors have the option of acquiring owned aircraft coverage or non-aircraft coverage.

If you are a plane owner, as with specialty cars, the way your store your aircraft is important. If you own a hangar, it is important to have coverage on the hangar, which also has different variations of coverage.

Safety additions such as sprinkler installations or its own air traffic control tower make a difference in your premiums, as do on-site fire departments.

Aircraft traders buy and sell planes, so they only need short-term coverage for each aircraft they possess. They often opt to acquire standard coverage that can be modified with each purchase.

Business aviation is different in that it covers all passengers whether they have their own travel insurance or not. Many companies provide travel insurance for their frequent business travelers.

If you are traveling as a passenger in a personal aircraft, it may be a good idea to acquire your own coverage before you travel.

Flying club aircraft coverage is another form of group coverage. These clubs may own different forms of aircraft. Therefore, they carry long-term group policies, which may involve group premiums. The premium will hinge on the group’s accident history.

Although flying may be considered safer than driving, life insurance or accidental death and dismemberment is encouraged. Pilots save on their premiums by combining their life policy with the policy they hold for the aircraft itself.

Benchmark agents are trained to assist you in the proper type of coverage for your particular flying needs.

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Benchmark Airplane Business Coverage

Commercial airplane coverage is available in many forms and depends on the type of business you operate.

Commercial airplane policies range from insuring puddle jumpers to jumbo aircraft owned by major airlines. A commercial aircraft policy will involve steeper liability than a personal airplane or jet.

Although your personal jet may carry other passengers for the ride, the capacity or number of passengers makes a difference.

A major airline may be required to carry policies amounting in the millions. A passenger liability policy may start at one million and have a cap of five million for a single incident.

In most cases, no one insurer covers a commercial aircraft, and that is where the Trean Insurance Company takes over for Benchmark.

Benchmark carries a stop-loss clause in its policies that limit the amount of monetary loss or risk before Trean takes up the difference. This is a perfect example of reinsurance in action.

Commercial airline coverage is complex in that its distinctions are identified as in-flight coverage and ground coverage. Ground coverage may be categorized as ground coverage

Ground coverage may be categorized as ground coverage in motion and not in motion.

Benchmark Aviation Property Damage

If a plane damages property on the ground, the process is similar to auto liability. To minimize the risk, third party insurance is made part of the base policy, which covers public liability.

Many times these cases are often determined in court rather than by the insurers.

Liability for aircraft must include some international standards for claims. The Warsaw Convention, established in the 1920s, set the bar for the standards airlines follow today.

Whereas most major airline insurers are based in Europe, Benchmark is qualified to handle everything from your auto to aviation policy needs.

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