You’re injured when struck by a motor vehicle. Your auto policy covers you as a pedestrian for medical payments and possibly un(der)insured motorists and/or PIP coverage. Does “pedestrian” status limit you to coverage only if you’re on foot? What about being in a wheel chair? Skateboard? Roller skates? Bicycle? What if you’re sitting down or standing but not walking? Are you a pedestrian?
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If your car is stolen and not recovered for months or longer, your auto policy likely pays for the ACV of your vehicle. However, if the thief commits a crime and your auto is confiscated for the months or longer required to try the case, your loss is excluded. Property policies have similar “government action” exclusions. Is it time for a change?
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When renting a car, you can buy a loss damage waiver from the rental car company or you can often buy a “damage waiver” from a third party. Caveat emptor…not all “damage waivers” are created equal. Here are two examples.
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Businesses that deliver products, from furniture stores to HVAC contractors, have an auto loading and unloading exposure. If property not in their care, custody or control is damaged during loading or unloading, is that covered by a CGL or a BAP (or PAP) policy?
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If a volunteer is reimbursed for mileage when using his or her vehicle for someone, is that a hired or nonowned auto liability exposure? Is it hiring, borrowing, or neither? In other words, is it Symbol 8 or Symbol 9?
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Under most personal auto policies, medical payments (and sometimes other coverages) are extended to resident family members when struck by a motor vehicle as a pedestrian. The question is, what is a “pedestrian”? Is it only someone on foot or could it be someone in a wheel chair or on a bicycle?
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An article I read about the current profitability issues with the commercial auto line of insurance implied that the reason and solution primarily involved the rating methodology. Perhaps, but there could be another explanation….
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I have written extensively about why it’s a good idea to buy the loss damage waiver when renting a car. Here is another good example of why that is a wise decision…a $9,000+ diminished value claim.
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