Insuring a Vehicle Garaged at an Out-of-State Secondary Residence
A high-net worth customer in Pennsylvania would like to leave a car at his secondary home in Oregon. The car would be available to local family members to use throughout the year.

A high-net worth customer in Pennsylvania would like to leave a car at his secondary home in Oregon. The car would be available to local family members to use throughout the year.
A pallet manufacturing company has a business auto policy that renews in November and a commercial umbrella policy that renews in April.
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
Why would premium be charged on values that exceed the limit of coverage?