I write mostly standard auto policies. Too many consumers change from a standard auto to a named driver policy to save money but, nobody explains to them that there is a difference until they have a claim that would have been covered by the prior standard auto policy but, isn’t covered by their current named driver policy.
Sure, like the time when I got rear ended and my car was totaled. I walked away and fortunately nobody was in the back seat because it was crunched. If one of my kids were back there he/she would have been killed or put in a wheelchair for the rest of their life. There was an auto ID card in other vehicle. Turns out that the driver was excluded (the carrier must have known something bad about this guy), but of course the ID card said nothing about the exclusion. So my insurance paid for the damage. But that’s okay because we are just making a mountain out of a mole hill.
Dear Huh!
You do not know what you are talking about. One of my own staff members was nearly killed, car totaled and rolled with two others in the vehicle. The son of the vehicles owners was driving and guess what? He was not a named driver.
And yes everything is bigger in Texas!!
Your comment barely relates to the subject. The primary problem with named driver policies is that most of the time the owner of the car doesn’t realize that the person they let drive their car isn’t insured on their policy. There is another related House Bill in Texas that will require agents and/or carriers disclose in writing to the buyer of the policy that it is a named driver policy. Probably sign off like the requirement for uninsured motorist and personal injury protection coverage. The current situation is unfair to both the policy owner and the accident victim. If a named driver policy saves a poor person enough money to afford their auto insurance then, I’m OK with that – just require the insurance carrier disclose to them the limitations of their policy.
I write mostly standard auto policies. Too many consumers change from a standard auto to a named driver policy to save money but, nobody explains to them that there is a difference until they have a claim that would have been covered by the prior standard auto policy but, isn’t covered by their current named driver policy.
Sounds like Texas is making a mountain out of a mole hill, but in Texas everything is BIG.
Sure, like the time when I got rear ended and my car was totaled. I walked away and fortunately nobody was in the back seat because it was crunched. If one of my kids were back there he/she would have been killed or put in a wheelchair for the rest of their life. There was an auto ID card in other vehicle. Turns out that the driver was excluded (the carrier must have known something bad about this guy), but of course the ID card said nothing about the exclusion. So my insurance paid for the damage. But that’s okay because we are just making a mountain out of a mole hill.
Dear Huh!
You do not know what you are talking about. One of my own staff members was nearly killed, car totaled and rolled with two others in the vehicle. The son of the vehicles owners was driving and guess what? He was not a named driver.
And yes everything is bigger in Texas!!
Simple solution:
Buy more Uninsured Motorist coverage.
So what’s the net result? Poor people shouldn’t be allowed to drive a car in Texas anymore?
Your comment barely relates to the subject. The primary problem with named driver policies is that most of the time the owner of the car doesn’t realize that the person they let drive their car isn’t insured on their policy. There is another related House Bill in Texas that will require agents and/or carriers disclose in writing to the buyer of the policy that it is a named driver policy. Probably sign off like the requirement for uninsured motorist and personal injury protection coverage. The current situation is unfair to both the policy owner and the accident victim. If a named driver policy saves a poor person enough money to afford their auto insurance then, I’m OK with that – just require the insurance carrier disclose to them the limitations of their policy.