What does MPIC mean in INSURANCE
MPIC stands for Municipal Property Insurance Corporation, a public sector insurer operating in the Province of British Columbia. The company provides insurance coverage for municipal property such as buildings, machinery, and equipment. It also provides liability and auto insurance solutions to municipalities in the province. MPIC has been serving communities in British Columbia since 1961.
MPIC meaning in Insurance in Business
MPIC mostly used in an acronym Insurance in Category Business that means Municipal Property Insurance Company
Shorthand: MPIC,
Full Form: Municipal Property Insurance Company
For more information of "Municipal Property Insurance Company", see the section below.
Essential Questions and Answers on Municipal Property Insurance Company in "BUSINESS»INSURANCE"
What is the Municipal Property Insurance Company?
The Municipal Property Insurance Corporation (MPIC) is a state-owned property and casualty insurance carrier that provides coverage for municipalities and other political subdivisions in Florida. It provides coverage for property, workers' compensation, commercial auto liability, and public officials liability insurance.
What kind of insurance does MPIC provide?
MPIC provides a range of property and casualty insurance to municipalities and other political subdivisions in Florida including property, workers’ compensation, commercial auto liability, and public officials liability insurance.
Does MPIC cover private individuals?
No. MPIC does not cover private individuals or businesses; it only covers municipalities and other political subdivisions in Florida.
How much does insurance from MPIC cost?
The cost of insurance from MPIC depends on your particular risk profile and the type of policy you choose. Rates can be obtained by submitting an application for coverage on the company’s website or by contacting one of its independent agents.
Is there an Age requirement to purchase insurance from MPIC?
Yes. You must be at least 18 years old to purchase an insurance policy from MPIC.
Where is MPIC located?
The head office of MPIC is located at 200 South Monroe Street, Tallahassee, FL 32399-1750 USA. The company also has regional offices in Miami Dade County, Fort Lauderdale, Tampa Bay Area, Palm Beach County & more areas around Florida where you can meet with local representatives for more information about products & services provided by the company.
Is it possible to get an online quote from MPIC?
Yes. You can get an online quote from MPIC by providing your personal and business information through their website quoting tool – which can usually give you a quote within minutes of submitting the application form. Additionally if you prefer to speak directly with someone to determine your exact needs then you may contact one of their experienced agents who will be able to help guide you through the process step by step.
How long does it take for a policy from MPIC to become effective?
Once all required documents are submitted along with any necessary fees, policies are typically issued within 2-3 business days. However certain circumstances may require additional time before a policy becomes effective.
Final Words:
Municipal Property Insurance Corporation (MPIC) is a public-sector insurer that serves communities in British Columbia since 1961 providing them with financial security against unexpected events by covering municipal assets including buildings, machines, and equipment. Its tailor-made policies can ensure that each municipality’s unique requirements are met while offering peace of mind from potential liabilities which may arise out of accidents or incidents occurring on their premises .
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