Everyone thinks they pay too much for insurance, even those of us in the industry, just like we think we pay too much for gas, milk, shoes, and just about everything else. Likewise, we all want to save money whenever we can. Sometimes, however, the games that can be played with insurance pricing can get…
In a recent court case, the insured was injured in a collision between her vehicle and one driven by another party who apparently intentionally collided with her vehicle. The other party’s insurer denied the claim because it was not accidental. When the insured turned to her carrier for payment for her injuries under UM coverage,…
“The Fast and the Furious” is a movie often viewed with delight by teenagers and adult adolescents everywhere. Perhaps it’s no coincidence that since the movie’s rlelease we’ve since had “Ask an Expert” questions regarding Personal Auto Policy (PAP) coverage for accidents arising out of street racing, including one denied claim.
After years of instructing personal auto seminars, probably the question that comes up most often (except, perhaps, for rental car issues) is whether or not the ISO PAP covers claims that arise out of the use of a personal auto for pizza delivery. Here’s my opinion (along with that of several courts)….
Commonly referred to as the “company car exclusion,” the “furnished or available for your regular use” exclusion can apply to a lot more than that. In addition, what constitutes “regular”? For example, if you rent a car on vacation for a week, is that “regular”? How about a month-long rental? How about 90 days? At…
Between gasoline prices and roadways becoming more and more congested, it can be expected that car pooling will become increasingly popular, if not necessary, in many areas. In this article, I’ll explore how car pools are treated in several editions of the ISO Personal Auto Policy.
Company cars present a serious coverage gap under the Personal Auto Policy, an exposure that exists for a very high percentage of your insureds. Fortunately, in most cases, this exposure can be treated. This article explores two options for addressing this issue.
The ISO PAP excludes vehicles being used as a public or livery conveyance for liability, medical payments, and physical damage. This exclusion pops up in scenarios ranging from airport shuttles to pizza delivery. This article takes a quick look at the background of this exclusion then focuses on a particular application to a recent “Ask…
The current ISO PAP excludes the use of an auto as a public or livery conveyance. Older ISO versions excluded transporting property for a fee. However, some company forms exclude “delivery.” Depending on the precise wording of the exclusion and the interpretation of the word “delivery,” these policies may exclude far more than the ISO…
Quite often, the VU “Ask an Expert” service gets a question about the insurance ramifications of something an insured was advised to do by an attorney, CPA, estate planner, or other non-insurance professional. What we have found is that such economic advice can frequently create a potentially catastrophic coverage gap that is penny wise but…
