Summit
Are there any drop downs to state minimum for ULV for collision if it qualifies as an insured auto ?
There are no drop downs for ULV under the summit policy.
During a ULV investigation, what endorsement should you be looking for on the declarations page at the start of your investigation?
Named Vehicle Buyback NVB/1161.
Insured's vehicle is being serviced for repairs and the service center provided the insured with a courtesy vehicle. Insured is involved in an accident, would either liability and 1st party coverage apply?
Yes as it would qualify as a temporary sub. so long as we rule out coverage on the courtesy vehicle's insurance carrier.
What is a named auto only coverage endorsement?
YOUR POLICY AND ALL OF ITS PARTS AND ENDORSEMENTS PROVIDE COVERAGE ONLY FOR A VEHICLE LISTED ON THE DECLARATIONS PAGE. THERE IS NO COVERAGE FOR ANY VEHICLE NOT LISTED IN THE DECLARATIONS. THIS MEANS A VEHICLE THAT IS BORROWED; OWNED; RENTED; LEASED; OR FURNISHED OR MADE AVAILABLE FOR YOUR REGULAR USE WILL NOT BE COVERED UNDER THIS POLICY UNLESS IT IS LISTED ON THE DECLARATION PAGE.
Name three of the five reasons a ULV can qualify under as a temporary substitute assuming the vehicle is not furnished for regular use?
i. breakdown;
ii. repair
iii. servicing
iv. loss;
v. destruction
If the NVB 1161 is absent from the declarations page, what type of ULV scenario is explicitly excluded?
NAMED VEHICLES ONLY. THIS POLICY AND ALL OF ITS PARTS COVER ONLY VEHICLES THAT ARE LISTED IN THE DECLARATIONS. THERE IS NO COVERAGE UNDER THIS POLICY IF YOU ARE DRIVING ANY OTHER VEHICLE. IN OTHER WORDS, IF YOU DRIVE ANOTHER VEHICLE (BORROWED, RENTED OR OTHERWISE) THIS POLICY WILL PROVIDE NO INSURANCE OF ANY KIND.
However, it does apply to a temporary substitute car.
How many days do you have to add a replacement auto for coverages to be transferred?
If the auto you acquire is in addition to any shown in the Declarations, it will have the broadest coverage we now provide for any auto shown in the Declarations, if you: b) ask us to insure it within 10 days after you become the owner; and
How long do you have to add an additional Auto?
C. “Additional auto” means an auto that you acquire in addition to the auto(s) shown on the Declaration Page, if: 2. Within thirty (30) calendar days after you become the owner of the additional auto, you ask us to add the additional auto to your Policy; and
Named Driver Named Auto Endorsement (NDNA)
What is the definition of a temporary substitute under the Stonewood/Prive/Value+ policy?
Temporary substitute car” means any car which is used as a substitute for your insured car while your insured car is withdrawn from normal use because of its breakdown, repair, servicing, loss, or destruction or any lack of availability for use.
You are pulling a enclosed trailer that is not listed on you’re a policy with a truck on your auto policy. You back into another vehicle that is parked with the trailer, would we afford coverage P and U and would you afford collision coverage to the trailer?
Your covered auto" means-3. Any trailer you own, while being pulled by your covered auto. ( yes for P and U) No coverage to trailer- 6. Loss to a trailer which is not shown in the Declarations.
Insured had a previous policy with us that cancelled for non payment. She obtained a policy with us, one of the vehicles she owned for the last 3 months was not added. Do we afford coverage for that ULV?
How many days does an insured have to add an additional auto onto the policy?
COVERAGE FOR AN ADDITIONAL AUTO WILL BE IN EFFECT NO EARLIER THAN THE TIME AND DAY ON WHICH YOU ASK US TO ADD COVERAGE
How many days are allotted to add a newly acquired auto?
3 Days/72 hours
If you rent a full size uhaul to move would you have coverage transferred from your person auto policy?
No. "Your covered auto" means - (2) has a Gross Vehicle Weight as specified by the manufacturer of less than 10,000 pounds.
Name 4 questions required to be asked for any ULV Investigation?
1. Who owns the ULV?
2.Why were you driving the ULV?
3.Why were you not driving the IV at the time?
4.Did you ever try to add the ULV to the policy?
The insured rented a truck due to his vehicle being down for repairs. The insured has one vehicle with liability 15/30/5 only and one with collision $1000 and 15/30/5 deductible. What coverages would apply to the ULV?
PART D – COVERAGE FOR DAMAGE TO AN INSURED AUTO
IF “YOU” PAY THE PREMIUM FOR PART D- COVERAGE FOR DAMAG TO AN INSURED AUTO, THEN “WE” WILL PROVIDE COVERAGE FOR AN “INSURED AUTO” ONLY WHEN OPERATED BY “YOU’ OR SOMEONE WITH “YOUR” PERMISSION.
The insured's dump trailer was stolen. The trailer is owned by the insured but was not listed on the policy. Would coverage be afforded for the trailer? Why or why not?
DEFINITIONS USED THROUGHOUT THIS POLICY
…
5. “Insured car” means:
...
c. Any utility trailer you own while attached to your insured car and in lawfully use
The Insured Purchased a new vehicle 7 days prior to the date of loss. The insured was cited for DUI and involved in a collision. What coverages would apply under the insured's limits of 15/30/10 and Collision with a $1000 ded?
Liability coverage would be afforded due to the IV being purchased within 10 days of the loss however due to the DUI drop down the 1st party collision would not be covered.
How long is coverage afforded for a temp sub?
4. Any auto not owned by you while used on a temporary basis as a substitute for any other auto described in this definition which is out of normal use because of its: a. Breakdown; b. Repair; c. Servicing; d. Loss; or e. Destruction. Coverage for a temporary substitute auto shall not exceed sixty (60) day