IIABA Articles
Insuring Your Kids' Kars - Posted on January 4, 2011
When a child still living at home buys a car, should it be insured under the parents' policy or under a separate policy? Too often, this decision is made on a purely financial basis without much thought about the possible coverage ramifications to ...
Teenage Drivers - Posted on January 4, 2011
Inexperience and immaturity make it much more likely that a teenage driver will have an accident than an adult driver. A driver in the age group of 16-19 is FOUR times more likely to have an accident than an older adult and TWICE as likely to die i...
The Personal Auto Policy & Pizza Delivery - Posted on January 4, 2011
According to the 1998 ISO Personal Auto Policy, there is no coverage for an insured’s ownership or operation of a vehicle while it is being used as a "public or livery conveyance," except that the exclusion does not apply to a share-the-e...
The Personal Auto Policy & Diminished Value Claims - Posted on January 4, 2011
When a car is damaged in an accident, then repaired, the resale value may be less than that for a comparable car that has not been damaged. In other words, the damage results in a reduction, or "diminution," in the resale value of the aut...
The Personal Auto Policy & Global Positioning Systems - Posted on January 4, 2011
Global Positioning Systems (GPS), once the fodder for science fiction tales, are becoming increasingly common. Recently, our "Ask an Expert" service received an email asking whether the personal or business auto policies cover a GPS (and ...
The Personal Auto Policy & Company Cars - Posted on January 4, 2011
Question: "I am supplied a car by my employer and am permitted to use it for both work and pleasure. My employer told me I need my own insurance to cover me when I use the car off duty. How can I do this under my personal auto policy?"Unde...
The Personal Auto Policy & College Students - Posted on January 4, 2011
This article references the "ISO standard" Personal Auto Policy and their Extended Non-Owned Coverage for Named Individual endorsement. Be aware that YOUR insurance company's auto policy may differ from this industry standard form, so be ...
Top 10 Reasons to Buy the Rental Car Damage Waiver - Posted on January 4, 2011
by Bill Wilson, CPCU, ARM, AIM, AAM Director, Big “I” Virtual UniversityAbstract: Although damage waiver fees are generally considered outrageous, most consumers should consider purchasing the waiver for short-term rentals. This art...
Reducing Insurance Costs…Distinguishing Bad Advice from Good Advice - Posted on January 4, 2011
Many Americans are struggling financially in the current economy, particularly those struck by lay-offs, and are faced with tough decisions about how to reduce expenses. As a result, much has been written in recent months about how to reduce insuran...
Do You Volunteer Your Time AND Insurance? - Posted on January 4, 2011
Abstract: Millions of Americans donate time—their most valuable asset—to serve as a volunteer board member on non-profits, booster clubs, churches, PTAs and civic organizations, just to name a few. If you’re sued as a volunteer, will your personal ...
