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 From Visually. Personal Auto Insurance Basics
Auto Insurance Statutes by State
Author: Chris Boggs State laws vary regarding auto policies, personal and commercial. Each state prescribes its own minimum limits and other required coverages. Some states require Uninsured Motorist (UM) and some states require Uninsured and Underinsured Motorist (UM/UIM). Is it a Personal Injury Protection state (aka, No-Fault); or are you allowed to exclude a driver? This information is contained below. Click here to download this information as a PDF document. 
The "Business Use" Exclusion in the Personal Auto Policy
In practical application, the PAP extends coverage for the business use of a “your covered auto” provided it’s not used to carry people or property for a fee (i.e., Uber or Lyft). Absent material misrepresentation in the application regarding the use of the vehicle, the PAP responds to an incident arising from business use. But some carrier’s apply specific business use exclusions few ever pay attention to, until it’s too late. Uh-Oh, I Damaged a Rental Car “Should I buy the damage waiver?” A question you probably receive from your clients on a regular basis. What do you tell them? Is it worth the money? Top 10 Reasons to Purchase the Rental Car Damage Waiver Although most damage waiver fees are considered outrageous, the insured is best advised to purchase the waiver for short-term rentals. This is not only in the best interest of the insured, but also the agent since an inadequately covered loss may result in the loss of an account or worse, an E&O claim. 
Rental Cars and Unauthorized Drivers
Author: Bill Wilson We had an insured call to advise that he was going on vacation and renting a car in his name. He has a 19 year old that he understands cannot drive the rental car, by the rental car company's requirement. However, he is planning on letting the 19 year old drive the car anyway. His question was would his personal auto policy respond. I guess my common sense might be getting in the way of the legal application of the policy, but I hesitated to say yes because he is clearly in violation of a written contract. Would the personal auto policy respond? Personal Auto Insurance Basics
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What was Kathy Bates wrong about in this incident?
How Should My Agency Handle Nonresponsive Separated/Divorced Individuals on a PAP?
An agent asks: I'm working on establishing a standard office procedure for our office when dealing w/ divorce and personal auto policies. At what point are we able to remove the other party? If the first named insured sends in a copy of the formal divorce decree, are we able to then proceed with removing the other party? Three Personal Auto Questions Every Agent Must Know How to Answer
Regardless what the commercials tell us, personal auto coverage is not one-size-fits-all. Every insured has unique arrangements and exposures. These lead to uneasiness and questions – hopefully. This article attempts to answer three personal auto questions every agent needs to know how to answer. 
Can the insurance company pay me less than “Blue Book” for my totaled vehicle?
Yes. The Blue Book is only a guide. The company is required to pay you what your vehicle was actually worth (as a used car) the moment before the crash. The adjuster will find out how much used cars like yours (same make, model, and year) are going for in your area. It's a good idea for you to independently research the value of your car too. Auto insurance can be confusing. That’s why our office stands ready to help you have a better understanding of your coverages. We invite you to contact our office for a no-obligation review of all your insurance needs. ¿Mi seguro de automóvil cubre los daños causados por baches?
Top 10 Reasons to Purchase the Rental Car Damage Waiver
Parental Liability for Auto Accidents
Click to read the article An attorney or financial planner recommends that a child or other resident family member be removed from the parents' auto policy and insured under their own policy. One reason is that, for example, a child had little or no assets or income to attach in a liability lawsuit. Another reason is that, absent a parental liability statute, the parents have little or no liability for the family member. This is VERY bad advice. 
Working with concrete is a messy and dirty job that can become even more difficult when you fail to put out the traffic barriers to keep people off of wet concrete. This crew apparently just poured this nice patch of concrete in a parking lot but someone failed to put the barrier in place and the supervisor wasn’t supervising so this was bound to happen. I hope the car was able to be cleaned.
Insurance Coverage en Español
http://www.iii.org/es/insurance-topics/all-coverage-en-espanol High wages and the capacity to assume responsibility are two things that belong together.
It’s been said that a leader’s job is to inspire others to high levels of achievement, while a manager’s job is to protect the assets of investors. The most successful people are those who recognize the similarities and differences between leadership and management responsibilities, fulfilling both with equal skill and aplomb. When they do, they realize the rewards that are commensurate with their efforts. When you cheerfully accept responsibility for your own actions and do your job in a way that protects the interests of your employer, you will soon be entrusted with more and more responsibilities. And those who have the capacity to assume responsibility — for the success of the project or organization — will always be paid the highest salaries. |
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Attention: Georgia Agents! 24 hours CE for $24 or join GIA for $99 per year and it's free for all agency staff!
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