We have found that many of our restoration contractor clients use trailers in their daily operations. The questions then often arises in regards to the best way to insure a trailer and the contents inside it. Insuring Trailers Trailers used for your restoration company's operations best insured under the commercial auto insurance policy. The commercial auto policy will provide the liability coverage on the trailer while it is hooked up to one of the company's vehicles. (If there is a liability claim associated with the trailer when it is not hooked up to any vehicle, then your general liability insurance policy will actually provide the necessary coverage.) The commercial auto policy wil
As agents we are often asked a number of difficult questions relating to auto insurance coverage and how the coverage will respond in various situations. One of the most frequent questions we receive is in regards to purchasing the collision damage waiver when renting a car. You know the routine. You just got off of the plane for your vacation. You’re ready to go hit the beach, but first you have to go through the dreaded conversation at the rental car desk. "Would you like to upgrade to a bigger car?" “Don’t need it.” "Would you like to rent a GPS system?" “Brought my own, thanks.” Now, the biggie: "Would you like to pay for the collision damage waiver?" Before you quickly reject this on
Recently there have been a number of wildfires throughout the country, many of them engulfing homes and destroying other property. While we certainly hope you never have to deal with heartache and stress with losing your home or business to a fire, we would like to share some tips from the Insurance Commissioner's office on how to property deal with a fire claim. According to the commissioner's office you should do the following immediately after a fire claim: Once you gain access to your property take pictures of the damage if it looks like the adjuster will be delayed. Make sure your address is visible. You may have to spray paint the address onto a sheet of plywood and put it in view of
For any restoration contractor pollution insurance is a big deal. Most general liability insurance policies exclude any type of pollution-related insurance claims for so the only way they can get the coverage is through a pollution insurance policy. Pollution claims can stem from mold issues, soil contamination, chemical spills, pipeline ruptures, and even fuel leakage. Pollution claims are a unique challenge because, while some pollution incidents may be immediately apparent, most occur slowly and undiscovered for a long period of time. For restoration contractors, one uncovered pollution claim could potentially cost the company hundreds of thousands, if not millions of dollars. Pollu
