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  1. Travel trailers | Ask PIA

    I have two insureds that have pickup trucks insured under a business auto policy in their business name. They also use these trucks to pull their fifth-wheel travel trailers. We have been advised by the business auto carrier that they cannot provide liability coverage for these travel trailers and the...

    Yes, I do have a suggestion. If the trailer owners have an ISO Personal Auto Policy (or equivalent), then coverage would be found here. Liability coverage is afforded a trailer, where the definition of “insured” includes: “You or any ‘family member’ for the ownership, maintenance or use of any auto...

  2. Homeowners—crumbling foundation | Ask PIA

    Does a homeowners policy cover a crumbling foundation?

    Former Connecticut Insurance Commissioner Katharine L. Wade issued a notice on Oct. 6, 2015, directing insurers not to take any action to cancel or nonrenew homeowners insurance policies as a result of a foundation found to be crumbling or otherwise deteriorating. News reports state that a degradation to foundations has...

  3. Pre-licensing—attorney exemption | Ask PIA

    We are a New Jersey property/casualty agency and are looking to hire someone who has a law license. Because of her education, she is exempt from the pre-licensing requirements, right?

    Unfortunately, probably not. N.J.A.C. 11:17-3.4 lists the types of certifications and designations that exempt one from having to take pre-licensing education for property/casualty licensure; they are CPCU, CIC, ARM and AAI. Being admitted to practice law in New Jersey does, however, exempt one from the pre-licensing education requirements in title...

  4. Acceptance of client gift | Ask PIA

    I came in on a vacation day to take care of an issue for a client's personal auto policy. He was so thankful, he sent me a gift basket; one that would typically be valued at $50. Can I accept this?

    This scenario poses an unusual situation, the opposite of most inquiries we receive. Absent any special relationship between the client and the agent, you can accept the gift. Trouble arises, however, when the client also is someone who may be in a position to be seen as offering a referral...

  5. PAP coverage for vehicle contents | Ask PIA

    Our insured transported on his trailer a tool box belonging to his future son-in-law. The box was loaded negligently, flipping the trailer damaging the box. The personal auto policy insurer is denying coverage based upon Exclusion A.2. applicable to property being transported by the insured and Exclusion A.3. applicable to...

    Unfortunately, the A.2. “property being transported” exclusion is sufficient to deny coverage for this loss. Some insurers offer an additional coverage with a designated limit for contents of the vehicle. Liability coverage under the vehicle operator’s homeowners policy will exclude this loss too. However, property coverage included in the...

  6. Company seeking agents’ business data | Ask PIA

    What is the propriety of a company asking our agency to share with it information about the business we write with other companies?

    PIA believes this is, at the very least, a significant breach of business etiquette, bordering on an ethical breach. Just as important, PIA is concerned that complying with this request would undermine the ownership of your expiration list. Your agency has entered into separate business relationships with each of your...

  7. Potential licensee—DWI conviction | Ask PIA

    We are looking to hire someone, send them to licensing school and, eventually, have them work for us as a producer. However, this prospective producer was previously convicted of a Driving With Intoxicated, and we are concerned that we would find that he is barred from licensure after spending the...

    No. We confirmed with the New Jersey Department of Banking and Insurance that a DWI conviction, by itself, will not bar someone from becoming licensed as an insurance producer.  

  8. Be careful when replacing vehicles | Ask PIA

    An insured contacted us to let us know of the purchase of a new vehicle and that he was trading in the old one shortly. Our insured also informed us that while on the way to pick up the new vehicle, they were coming by our agency to pick up...

    No, according to the ISO Personal Auto Policy (PP 00 01), the definition of “covered auto” includes: 1. any vehicle shown in the declarations [the trade in is not there, it was removed from the policy]; 2. a “newly acquired auto” [the newly acquired auto...

  9. Retired agent receiving commissions | Ask PIA

    May a retired insurance agent (who was licensed at the time the insurance was sold) continue to receive renewal commissions on that business after the agent’s license has expired?

    Yes, New Jersey specifically allows renewal commissions to be paid to a person for selling, soliciting or negotiating insurance if the person was licensed at the time of the sale. See 17:22A-41(c) and N.J.A.C. 11:17B-2.1.

  10. Flood—reduction of coverage limits or reformation | Ask PIA

    I received a notice that the Federal Emergency Management Agency is changing the coverage amount on my insured’s flood policy. The premium stays the same, but the coverage amount has changed. Can FEMA do this?

    It is called the policy reformation or reduction of coverage limits. See the following from Section 2 of the National Flood Insurance Plan Flood Insurance Manual: XI. Reforming the policy. If the premium the insurer receives will not purchase the amounts of insurance requested, then the...

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