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  1. Salvage title | Ask PIA

    Insured bought a car with a salvage title. Can he buy physical damage coverage for the vehicle?

    All vehicles registered in New Jersey require insurance. However, coverage for physical damage may be secured in the excess and surplus line market. Once the vehicle is prepared for regular use, the title should be changed from a salvage title to a regular title, and insured through the standard market....

  2. Personal auto policy coverage for hauling boats in connection with business | Ask PIA

    My client has a personal auto policy. He also owns a business. About two or three times a year, he hauls boats that are connected with his business. Would his personal auto policy exclude liability coverage if a claim occurs?

    No, there is no exclusion that would preclude coverage for liability, as long as your client is using a covered personal auto policy vehicle that is a private-passenger auto, pickup or van. These vehicles are not subject to the business-use exclusion and trailers being pulled by them also are covered....

  3. PAIP certification | Ask PIA

    How long do I have, as a certified producer, to notify the New Jersey Personal Automobile Insurance Plan of a change pertaining to an employee producer?

    You have 30 days to notify the New Jersey Personal Automobile Insurance Plan. According to Article 66.G of the manual: “All certified producers shall be responsible to provide to the Plan, within 30 days, any changes in the information pertaining to their employee producers.” This is to include copies of renewal...

  4. Discontinuing service to customer | Ask PIA

    Several years ago, I placed a customer’s dwelling in the FAIR Plan. Every year, I make an attempt to convince the policyholder that he should insure the property to value, which he consistently refuses to do. This year, I want to insist that either he insures the dwelling to value...

    No. If you decide to decline this customer’s request to provide his policy, it makes sense for your protection, to advise him of the reasons for your action in writing. You should provide the customer with sufficient time to locate another producer, or you may advise him to deal directly...

  5. Binder time frames | Ask PIA

    What is the law in New Jersey with regard to the length of time allowed for binders?

    This statute only applies to fire insurance. Other kinds of insurance have no specific requirement. “Binders or other contracts for temporary insurance may be made orally for a period which shall not exceed 10 days or in writing for a period which shall not exceed 60 days” (N.J.S.A. 17:36-5.16).

  6. Coordination of benefits | Ask PIA

    When the PIP-as-secondary coverage option has been selected, does the auto insurer apply its deductible and copayment limitations to the balance not paid by the health benefit plan?

    Section 11:3-37.7 of the New Jersey regulations specifies the method for determining benefits when PIP is the secondary coverage. The auto insurer calculates what benefits would be provided if it was primary, applying the deductible and copayment provisions. Eligible expenses not paid by the health benefit plan will then be...

  7. When do points accrue? | Ask PIA

    When are traffic citations and accidents chargeable to the experience period on an auto policy?

    According to Section N.J.A.C. 11:3-34.5(b)(2), points for convictions “shall accrue when the event is recorded in the agency’s [DMV] records as evidenced by an abstract.” And Section N.J.A.C. 11:3-34.5(b)(1) specifies that points for at-fault accidents “shall accrue on the date that total payment by the insurer equals or exceeds $1,000.”

  8. Nonstandard risks | Ask PIA

    If my voluntary insurer accepts an auto risk with seven or more eligibility points, is it violating the law?

    No. The eligibility requirements of the FAIR Act require insurers subject to take-all-comers to accept all “eligible persons.” Those with seven or more points are not eligible, however, nothing prohibits a company from voluntarily accepting ineligible risks.

  9. Premium billing notice | Ask PIA

    Who is responsible to deliver the premium billing notice for policy renewals?

    Either the insurer or its agent (or a managing general agent) is authorized to mail or deliver the notice. For most types of personal and commercial property/casualty policies, the premium billing notice must be mailed or delivered to the insured not less than 30 days in advance of the policy’s...

  10. Suspending liability coverage | Ask PIA

    Could you provide some guidance on how to suspend coverage on a registered vehicle while it is not being driven? In view of the uninsured motorist detection system, can this still be done?

    C.G.S. Section 38a-371(f) imposes the requirement that the insured provide a signed written request stating that the vehicle will not be operated on any highway for at least 30 days. More specifically, it provides the following: Upon receipt of a signed written request for suspension from...

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