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.
Why would premium be charged on values that exceed the limit of coverage?
To accurately calculate a potential business income loss, the costs and added time are much different than they may have been just a few years ago.