At times, insurance agents will get together and talk about the best way to get a client covered. Even I was a little surprised when my 11 year old niece asked me the following insurance question:
“If you were going to insure one of the CARs from the CARS movie – would you sell them car insurance or life insurance?”
What was even stranger was her younger siblings, 8 and 9 years old, got into the discussion on how to best cover a CAR!
The Stoll Kids – Future Agents in training!
So I took the question to experienced agents for a coverage review!
Our Personal Lines department wanted to sell them an Auto policy. The Auto policy should include the following lines of coverage:
- Liability coverage – both bodily injury where it will pay the cost related to another persons injuries if the insured cause the accident and property damage liability where it would pay for damage the insured caused to another person’s property while driving.
- Uninsured and Underinsured Motorist Coverage – just in case someone hits them that is not covered – this will help with medical bills and repairs to the CAR.
- Comprehensive Coverage – will cover damages to the CAR caused by theft, fire, vandalism or natural disasters. There would be no pain and suffering covered for the violation of personal space under this type of coverage.
- Collision Coverage – will pay to repair or replace the CAR if the insured hits another object or property.
- Medical Payments Coverage will cover passengers or family members who are in the CAR during the accident.
- Personal Injury Protection may help pay medical expenses, lost income and other expenses after an accident.
Personal Lines recognized that some of the CAR’s would be uninsurable on a personal auto policy and would have to be handed over to our Commercial Lines division:
- Marketing Guru, Kiesha Jones, is desperately searching for a way to cover Lightning McQueen – that CAR is risky. Surplus lines carriers are working to develop a special race car program to fit these fine automobiles.
- Mater was also sent to commercial lines for auto policy. There are carriers that will insure tow trucks, however, his age and that he is not compliant with the latest safety provisions in the newer vehicles means he will probably be paying a high premium.
Finally, from the Life & Health Department a few words of caution from Zach Hall, “Lightning McQueen is most likely going to face a premium load upfront if he applies for life insurance due to excessive speeds on his driving record. Carriers pull MVRs for applicants and they can be rated much higher for reckless driving. Mater might not be insurable due to health, he is pretty rusty etc, but that remains to be seen in underwriting. “
I hope you all have as much fun at work as we do. Go see the movie!
