During the application process the agent will ask you if a specific driver needs a furnished or unfurnished auto and it is important to know the difference. If a claim and the vehicle was found to be in furnished use the insurance company could deny the claim or non-renew the policy. Furnished Auto Furnished …
Difference Between Furnished and Unfurnished Auto Read More »
Loss Runs is a report issued by your insurance company on any claims you might have had during a given policy term. The report will show the amount paid, open or closed status, type of claims, how many claims, and details about the claim. The Amount Paid When we receive your Loss Runs we …
Myth of the Contract Driver We have been to the auction, seen and talked to these Contract Drivers. They wait outside the auction for the paying opportunity to drive a vehicle you purchased at auction back to the dealership. They will use the terms… “I have a Contract Driver Insurance Policy” or “Your policy will …
In our previous blog Unaccompanied Test Drivers we discussed that insurance companies do allow unaccompanied test drives as long as certain requirements are followed by the dealership. In this blog we discuss Overnight Test Drives. So are they allowed? To answer this question I went to several different garage underwriters to get their response to …
Dealerships need dealer tags to move inventory around and for test drives for potential buyers. The insurance company will authorize the agency to issue Certificates of Insurance (COI) that the dealerships can take to the Department of Motor Vehicles (in most cases). On the COI it will state the dealership name, address, limits of insurance …
