tag:blogger.com,1999:blog-42190340016857759272024-02-08T09:48:27.806-08:00Millennium Professional ConsultantsMILLENNIUM INSURANCEhttp://www.blogger.com/profile/04326401545435555136noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4219034001685775927.post-52288311275217858232017-01-12T16:50:00.002-08:002017-02-07T18:05:06.775-08:00<div style="text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<b style="background: rgb(255, 255, 255); color: #196ad4; font-family: "helvetica neue", helvetica, arial, "lucida grande", sans-serif; margin: 0px; outline: none; padding: 0px;"><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
<b style="background: rgb(255, 255, 255); color: #196ad4; font-family: "helvetica neue", helvetica, arial, "lucida grande", sans-serif; margin: 0px; outline: none; padding: 0px;"><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
<b style="background: rgb(255, 255, 255); color: #196ad4; font-family: "helvetica neue", helvetica, arial, "lucida grande", sans-serif; margin: 0px; outline: none; padding: 0px;"><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
<b style="background: rgb(255, 255, 255); color: #196ad4; font-family: "helvetica neue", helvetica, arial, "lucida grande", sans-serif; margin: 0px; outline: none; padding: 0px;"><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
<b style="background: rgb(255, 255, 255); color: #196ad4; font-family: "helvetica neue", helvetica, arial, "lucida grande", sans-serif; margin: 0px; outline: none; padding: 0px;"><u><br /></u></b></div>
<div style="text-align: center;">
<span style="color: yellow; font-size: x-large;"><b><u>Heavy Truck Agent Story</u></b></span></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/ngJlm1KFxFw/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/ngJlm1KFxFw?feature=player_embedded" width="320"></iframe></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div style="text-align: center;">
<b><b><span style="color: yellow; font-size: x-large;"><u><span style="color: #fff2cc;">P</span><span style="color: yellow;">rogressive Heavy Trucks Story</span></u></span></b></b></div>
<b>
</b>
<br />
<div style="text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/_ZDdJlHss8Q/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/_ZDdJlHss8Q?feature=player_embedded" width="320"></iframe></div>
<div style="text-align: center;">
<span style="font-size: large;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;"></span><br />
<div style="text-align: center;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="color: yellow; font-size: x-large;"><b><u>Progressive’s heavy truck claims expertise HD</u></b></span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="color: yellow; font-size: x-large;"><b><u><br /></u></b></span></span></div>
<span style="font-family: "georgia" , "times new roman" , serif;">
</span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/xNjhLTbtA8Q/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/xNjhLTbtA8Q?feature=player_embedded" width="320"></iframe></div>
<br /></div>
MILLENNIUM INSURANCEhttp://www.blogger.com/profile/04326401545435555136noreply@blogger.com0tag:blogger.com,1999:blog-4219034001685775927.post-17410272051754609932017-01-12T16:46:00.002-08:002017-01-23T16:56:39.623-08:00<div style="text-align: center;">
<b><span style="color: red; font-family: "georgia" , "times new roman" , serif; font-size: x-large;">FREQUENTLY ASKED QUESTIONS</span></b><br />
<b><span style="color: red; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></b></div>
<br />
<b><span style="font-size: x-large;">Does an unlisted driver or out-of-date driver list void coverage under a commercial auto policy?</span></b><br />
<br />
<br />
<div style="text-align: justify;">
While delays in adding a new driver may occur, we recommend adding any new driver to the policy as soon as possible. We consider a driver to be anyone who drives an insured auto four or more times a month, or an owner, partner employee or driver who has a Commercial Driver's License. If a covered loss involves a driver who is not listed on the policy, insurance companies will conduct an investigation to confirm there was no intentional misrepresentation or fraud. Additionally, the driver will be added to the policy, unless the customer requests driver exclusion (if permitted) or can provide proof of termination. </div>
<br />
<b><span style="font-size: x-large;">Does my car have coverage if a temporary vehicle is not listed on my commercial auto policy?</span></b><br />
<b><br /></b>
<div style="text-align: justify;">
<b>Many Insurance companies offer policyholders extended coverages for many different situations.</b></div>
<br />
<div style="text-align: justify;">
Hired Auto Coverage provides excess liability for a non-owned, unlisted vehicle the insured has leased, hired, rented or borrowed.</div>
<div style="text-align: justify;">
Employers Non-ownership Coverage provides excess liability coverage protecting insureds when employees use their own (unlisted) vehicle for incidental use in the course of business for the Named Insured.</div>
<div style="text-align: justify;">
Refer to your state-specific product guide for complete rules and guidelines.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div>
<b><span style="font-size: x-large;">What are the benefits of using Stated Amount for determining physical damage coverage instead of cost new?</span></b><br />
<br />
<div style="text-align: justify;">
<span style="font-weight: bold;"><br /></span></div>
<div style="text-align: justify;">
The Stated Amount on an Insurance policy is a vehicle’s current retail value including any special or permanently attached equipment. Using Stated Amount provides a superior value by allowing our policyholders to customize their policy to accurately capture their vehicles' true value.</div>
<br />
<div style="text-align: justify;">
Unlike personal auto, the commercial auto market is very dynamic. Commercial vehicle values are influenced by a variety of factors:</div>
<div style="text-align: justify;">
regulations on equipment standards</div>
<div style="text-align: justify;">
seasonality of work and demand</div>
<div style="text-align: justify;">
regional valuation differences</div>
<div style="text-align: justify;">
large fleet purchases creating a surplus of used equipment</div>
<div style="text-align: justify;">
plus a multitude of other local factors</div>
<div style="text-align: justify;">
By actively monitoring the market value of commercial vehicles, you can be assured that you have selected the right level of coverage and your customers being charged the appropriate premium.</div>
<br /></div>
<div>
<b><span style="font-size: x-large;">How do I determine a proper Stated Amount for a vehicle?</span></b><br />
<b><br /></b>
<div style="text-align: justify;">
<b>The easiest way to establish a Stated Amount is to consult a book publication. Other possibilities include consulting with a dealer/manufacturer or checking Internet sites. When determining Stated Amount, remember to take condition, mileage, and location into consideration. Also consider any vehicle upgrades, engine or major component rebuilds that could further increase a vehicle’s value. Possible resources include*:</b></div>
<br />
<div style="text-align: justify;">
Valuation Publications & Internet Sites -- Truck Blue Book, truckpaper.com, trucks.com</div>
<div style="text-align: justify;">
Manufacturers -- What is the special or permanently attached equipment worth?</div>
<div style="text-align: justify;">
Lending/Financial Institutions -- What is the current Blue Book value of the vehicle?</div>
<div style="text-align: justify;">
Market-Value Software -- N.A.D.A. (possible fee involved for the software).</div>
<div style="text-align: justify;">
The Stated Amount listed on a policy is NOT an agreed value and is subject to review upon servicing a claim.</div>
<br />
<br />
<b><span style="font-size: x-large;">Is non-trucking liability the same as bobtail insurance?</span></b><br />
<b><br /></b>
<div style="text-align: justify;">
<b>Although people often use these terms interchangeably, technically they are not the same coverage. Non-trucking liability only applies when an insured under permanent lease to a motor carrier is using his/her commercial vehicle for personal, non-business use.</b></div>
<br />
<div style="text-align: justify;">
Bobtail insurance covers a tractor when it's being operated without a trailer, whether or not it's under dispatch.</div>
<div style="text-align: justify;">
Some motor carriers prefer their owner-operators to have bobtail insurance because the coverage is broader, thus often limiting the carrier's own exposure. But in reality, true bobtail insurance is not widely available and is quite costly. As a general rule, most permanently leased owner-operators only need to carry non-trucking liability.</div>
</div>
<div>
<br /></div>
<div>
<br /></div>
MILLENNIUM INSURANCEhttp://www.blogger.com/profile/04326401545435555136noreply@blogger.com0