Short term lease
a rental agreement less than one year
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Any auto -- broadest coverage
-best for liability
-includes newly acquired autos during the policy period
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Owned autos only
-broadest symbol available for physical damage to insured's vehicles
-includes newly acquired autos during policy period
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Owned private passenger autos only
-private passenger "autos" you acquire ownership of after the policy period
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Owned "autos" other than private passenger "autos" only
-Only trucks
-Includes newly acquired trucks during the policy period
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autos" subject to no fault
-autos you own that are required to have no-fault benefits in the state where they are licensed or principally barged
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autos" subject to a compulsory uninsured motorists law
-only those autos you own that because of the law in the state where they are licensed or principally garaged are required to have uninsured motorists coverage
-includes newly acquired autos during p
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Specifically described autos
-only those autos described in item three of the declarations
-this symbol should be avoided
-the vehicle must be scheduled on the policy OR be a replacement auto for a vehicle schedule
-limited coverage for newly acquired veh
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Hired "autos" only
-only those you lease, hire, rent or borrow
-not for employee's, partner's and household member's autos
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Non-owned autos only
-autos you don't own, lease, hire, rent or borrow that are used in connection with your business
-includes autos owned by your employees, partners, etc. but only while used in your business or personal affairs
-applies to liability on
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Mobile Equipment Subject to Compulsory or Financial Responsibility or Other Motor Vehicle Insurance Law Only
mobile equipment
Various types of vehicles designed for use principally off of public roads, such as bulldozers and cranes.
-If the mobile equipment is required to be registered and is operated on a public road then it is considered an auto & subject to mandatory coverage
pollutant definition
Any solid, liquid, gaseous or thermal irritant or containment including smoke, vapor, soot, fumes, acids, alkalis, chemicals & waste. waste includes materials to be recycled
Covered pollution
1. Clean up of pollutants necessary for the operation of our insureds vehicle following an accident
2. 3rd party clean-up following an accident our insured caused
Excluded pollution
1. Clean up of pollutants necessary for the operation of our insured vehicle, no accident has occurred
2. No coverage to cleanup what you were transporting (PL)
3. No coverage for the value of what you were transporting (IM transit)
4. No coverage for a m
Care, custody, control
No coverage for what you own & what belongs to others
Does the insurance follow the vehicle?
Yes, except if the business is servicing, parking, or repairing vehicles
What is vicarious liability?
Coverage for those brought into the claim by association
garage coverage
Combination of auto coverage and CGL. This would be necessary for an owner of a car dealership or a mechanic. These are usually for people who make a living working on cars
garage keepers coverage
The coverage that provides legal liability insurance for damage to customers autos that are left with the insured for service, repair or storage.
coordination
when coverage is excluded here, but picked up somewhere else
Examples of coordination
-worker's compensation
-BI or PD resulting from the handling of property
absolute exclusion
excluded with no exception (ex. war)
exclusion to be addressed by endorsement
not covered automatically, but you can buy it
ex. liquor liability endorsement added to a GL policy?
What is an example of an exclusion with an exception?
-Pollution
-Racing
Exceptions for CGL coverage policy (3)
1. required to be registered on a public road
2. towed or transported by a covered auto (ex. moving/towing)
3. Using the vehicle & the equipment when the vehicle is designed to be used independtly
3rd party losses for mobile equipment are covered under what?
the CGL policy
1st party losses for mobile equipment are covered under what?
Inland marine contractors equipment
What is considered an auto?
car, truck, van, trailer that is designed for use on a public road & truck with permanently attached equipment
your insured owns several self-propelled power cranes with crawler treads used at construction sites. What coverage form would you suggest to cover their 3rd party liability resulting from the use of these vehicles, as well as the 1st party physical damag
3rd party - CGL
1st party - IM contractors equipment
The insured, a corporation, operated three delivery trucks. An employee is involved in an at fault accident while making a delivery. Where would the resultant BI and PD to third parties be covered?
Auto
Your insured, while operating a large self-propelled street cleaner, causes property damage to a parked car. Where would you find coverage for this 3rd party liability situation?
Auto
In the course of road construction, one of the insured's vehicles catches on fire. Where find coverage for this 1st party loss?
Auto
Your insured owns and operates 25 self-propelled cherry picker trucks used to work on cable lines. While driving one of these trucks to another state to help after a recent hurricane, the driver loses control of the truck and runs into a private passenger
Auto
Your insured, a landscaping business, uses their pick-up trucks during the winter to remove snow from business parking lots, by attaching a snow plow to the front of the truck. In the course of their operation, they run into a parked car causing physical
Auto