What happens when you combine restaurant operations with an auto exposure beyond the mere delivery or catering operation? Join Mike Edwards as he combines his two favorite subjects – insurance and food – into one great article that will put you a step ahead of the competition in this rapidly growing market.
Your insured’s auto is totaled by a negligent driver. The at-fault party’s insurer has agreed to compensate your insured’s loss of value. However, in purchasing a replacement vehicle, the insurer refuses to pay the sales tax. Do the PAP or BAP liability coverages include sales tax? What about the physical damage coverages?
A Business Auto Policy was written with Collision and Specified Causes of Loss coverage. The insured struck a deer and the adjuster denied the claim on the basis that, since the policy lacked comprehensive coverage, there was no coverage for striking an animal. Is this correct?
Question: “The commercial auto policy automatically includes coverage for a trailer pulled by that vehicle so long as the GVW is under 2,000 lbs. Many insureds have trailers titled in their names personally that may exceed the 2,000 lb. limitation. Is the nonowned auto coverage going to pick up the liability should a trailer come…
An auto collision occurred in a remote location. The towing bill of $457 was declined by the adjuster since no towing and labor coverage had been purchased. However, the policy requires the owner to protect the property from further damage and implies that such expenses are covered. Who’s right?
An insured owns and operates a truck with a snow plow. While detached in his yard, the plow was damaged by a tree uprooted in a windstorm. The truck is insured on a BAP with collision and comprehensive coverage and the cost new of the vehicle included the value of the plow. The insurer has…
You’re quoting a business with a BOP that has Hired/Nonowned Auto coverage. The business purchases three trailers to take to job sites and trade shows. The trailers will be hauled by one of the three business owners who has a Personal Auto Policy (PAP). The current agent says the trailers are covered by the PAP…
A vehicle was damaged, including the attached permanently-mounted tool box, welder and generator. The adjuster denied the claim stating that the attached equipment was not a part of the original vehicle and therefore not covered. Is that correct?
If an employee rents a car on a business trip, is this a Symbol 8 (hired) or Symbol 9 (nonowned) exposure? Under an unendorsed BAP, it depends on who is technically hiring the auto…the employer or the employee. This governs whether the employer and employee are covered or not under the BAP. In addition, if…
An auto policy was written to provide liability and uninsured motorists (UM BI & PD) coverage on a Symbol 2 basis. The insured asked the agency to delete several autos during the policy term. Later there was an accident with an uninsured motorist involving $8,000 in damage to one of the deleted autos. The insured…
