Hired and Non-Owned Business Auto Exposures

Are You Protecting Your Business Properly?


In today’s litigious society, accident claimants will often seek recovery from as many sources as


can be found. It’s not difficult to imagine scenarios wherein any company with employees (and


possibly not even operating from a physical location) can still be sued based on non-owned auto


liability in the aftermath of a motor vehicle accident.

The classic example exists of an employee using their personal vehicle for a work errand. At the

accident site, the employee mentions, “I was just on an errand for XYZ Company,” and XYZ

Company ends up being named in an ensuing lawsuit, particularly if the employee doesn’t have

sufficient liability limits on his personal auto policy.


Or what if the owner of a company—still with “no owned autos”—is involved in a serious accident

and the claimant realizes the owner has most of his personal wealth in his company? The

claimant will likely include the company in his lawsuit, and without specific coverage for nonowned

auto liability, the insurance program would not protect the insured in these instances.


Hired auto exposures arise differently, but again, it’s not difficult to anticipate situations where

an employee or officer of a company may suddenly need to travel and rent an auto, and if it’s in

the course of business, to assume it’s covered by the company’s insurance. Hired auto physical

damage exposure occurs here as well, but again, without specific coverage in place prior to an

accident, a company may be looking at an uninsured claim.


Almost every operating business entity has liability exposures from hired and non-owned auto liability, and frequently for hired physical damage as well, whether or not the business owns any autos.
A good commercial agent, like JASON SHROOT knows that not only do their clients need this coverage, the lack of the coverage can lead to a real nighmare to any business owner who chooses to ignore this risk exposure.

Please Contact Jason Shroot directly by calling 714-988-3325 and learn more about your commercial insurance policy's risk management pratices.  Also reach Diversified Insurance Quotes by emailing Jason at jason@diversifiedinsurancequotes.com or visiting www.diversifiedinsurancequotes.com

 

Lightning Strikes Are a Real Risk to Homeowners—Are You Protected?

Lightning Strikes Are a Real Risk to Homeowners—Are You Protected?


Keith Leimbach never thought about the fact that his home was at risk of being damaged by a lightning strike. Fire? Sure. Storms? Of course.  But lightning?

“It never crossed my mind,” said Leimbach, of Brentwood, Tennessee. “It’s just not the kind of thing you think can happen to you.”

Nightmare at Midnight

Leimbach’s home was struck around midnight during an electrical storm in 2009. Keith, his wife, Kirsten, their three children, Luke, Jack and Sofie, and five visiting friends had just recently gone to bed. Luke, Jack and Sofie had only moments before left the game room on the top floor of their home where the lightning hit."
"We were watching the storm from our bedroom when we heard and felt a loud crack right over our heads. When I went out to investigate I immediately smelled smoke," recalled Leimbach.
"I couldn’t believe it, but it was clear what had happened. After we got everyone out of the house and across the street, I called 911 and found out the fire department was already on their way–our alarm system had notified them automatically."

Fire Department's Quick Response Wasn't Enough

The Brentwood fire department proceeded to spend nearly eight hours dousing the Leimbach’s home with approximately 50,000 gallons of water. Any parts of the structure and contents that weren’t destroyed by the fire were soon ruined by smoke and water.

“No one was hurt, but we lost almost everything,” said Leimbach. "Luckily we had a good home insurance policy. Our carrier got us into a hotel room that night and then found us a rental home in our neighborhood. They even had it furnished."

Basic Home Insurance DOES Cover Damage from Lightning Strikes

A basic home insurance policy will cover damage to your home caused by fire, storms (including snow, rain and hail), wind, tornadoes and yes, even lightning. The policy will also cover your personal belongings as well as the cost to live elsewhere while your home is being repaired, if necessary.

Soon after Leimbach’s meeting with his insurance adjustor, contractors began working on the reconstruction. The Leimbach’s moved back into their home within a few months.

Your Coverage Levels Are Key

Does Leimbach have any advice for other homeowners? Just one thing: "It's easy to think that by just buying home insurance you’re covered for anything. But you can’t make those assumptions. You’ve got to talk to an agent to make sure you have enough coverage to rebuild your house from the ground up if necessary. I can’t imagine what would have happened if we hadn’t had enough coverage."

Is your home adequately protected by your current home insurance policy? If you’re not sure, compare home insurance quotes today at Diversified Insurance. You’ll have the opportunity to speak to a Califonria licensed, experienced home insurance professionals who can help you make sure you have the protection you need. Plus, by shopping around you’ll have a great chance to find a policy at a lower rate.

Compare Home Insurance Quotes is Easy & Quick With Jason Shroot.  Just Contact 714-988-3325 or Jason@diversifiedinsurancequotes.com