NTL
What is Non Truck Liability
Daily Double: Give an example
Coverage for an owner operator while not under dispatch.
Example: Owner Operator is at home, his personal car is broke down so he takes his semi to Wal Mart for groceries. He hits another car on his way there. He was not under dispatch or tied at all to the motor carrier.
If an owner operator dies, what benefit pays?
AD&D - Accidental death and dismemberment
What is contingent liability?
This is there for protecting the motor carriers work comp policy when an OO tries to say they are actually an employee and want those benefits.
What pays the difference between a truck's ACV and the remaining loan balance after a total loss
Loan Gap Coverage
What is Deductible Buy Back / Buy Down?
Daily Double: What lines of coverage can be bout down?
A Motor carrier can make an IC financially responsible for claim. These policies can make it more manageable for that financial responsibility and increase the likelihood of the motor carrier collecting it. It is easier for an IC to pay $500 vs $5,000 their contract may make them responsible for.
Cargo, Trailer PD, and AL PD
What do I need to add to get coverage on my NTL to get coverage when an OO is driving to get repairs/service done to his truck?
to/from maintenance
What should you push for you benefit to at least be on TTD/CTD claims?
Daily Double: What does TTD and CTD stand for?
$700
Temporary Total Disability & Continous Total Disability
What limit do we want on this coverage?
statutory
What provides income protection while a covered truck is being repaired after a covered loss
Downtime Coverage
Name 5 markets that can write the full package
Intact, Crum, Avant, Zurich, Great American, IDS, Progressive, DMC
If they want coverage for the traveler from their house to the office, what is needed?
To/From garage
Is the medical benefit paid on a primary or secondary basis?
Daily double: Why is one preferred over the other?
Depends on the carrier. Some carriers form is naturally primary, other you have to endorse to primary.
Daily Double: Pays before health insurance, ease of claims and not waiting to find out if other coverage exists, etc.
Who must typically be enrolled for CL coverage to respond
The owner-operator must be enrolled in the underlying OCAC program
What pays for temporary transportation while a covered truck is being repaired
Rental Reimbursement
Why do we care about a drivers age? This applies to OCAC.
Most programs will have some age requirement on the OCAC. 23 to 70 is covered. If you have a driver that is 73 you will want the carrier to amend their age up.
What is unladen coverage? What is the trigger to coverage?
Coverage while their is no cargo being hauled?
What is a common injury we see with truck drivers due to the nature of their work that we want coverage provided on? Carrier's tend to have their own section for it sub limited.
Coverage fir hernia and hemorrhoids.
Who typically pays for the CL coverage?
Daily Double: Why?
The motor carrier.
Because this policy protects the motor carrier and not the OO.
What is a diminishing deductible?
Deductible is reduced every year you go accident free.
What are 2 of the bigger reasons why a motor carriers wants a strong program in place for their IC's?
1. Good coverage protects the motor carrier. If they have a good OA/CL program in place they will be better off with their WC being protected.
2. Good programs help retain drivers. If a driver would have to pay more moving to another MC is can be a retention tool.
Why do some carriers split their limit. I.e. don't use a $1M limit be a 100k limit and a 900K excess policy?
To limit their UM/UIM exposure.
If a driver can't return to work as a truck driver, what benefit should he look for?
Vocational Retraining Benefits
What are 2 states where it is difficult to get statutory limits in?
CA, NC, IL, NY, NV
What type of claim does Mechanical Breakdown Coverage address?
Covered engine, transmission, or drivetrain failures
As of February this year, what is our new standard medical limit provided by Great American?
$1,500,000