5 Foundational Insurance Concepts Producers Need to Know in 2025
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
Personal Lines
PAP Business Use Exclusion: Employees Using Manager’s Car for Business Use
An insured allows his employees to drive two of his personal vehicles for activities related to his auto repair buiness. Does PAP liability extend to the employees?
Is Real Property Included in the Care, Custody or Control BAP Exclusion?
An insured with a business auto policy rents a warehouse he’s not contractually obligated to insure. While backing out, he hit the building, and the carrier is denying coverage.
When Does the Continuous Seepage Exclusion Start in a Homeowners Policy?
A carrier denied a claim for floor damage after a condensation line leaked because of the time period over which the leak occured.
When Does the PAP ‘Wear and Tear’ Exclusion Apply?
Due to clogged drains, rain gets in through a vehicle’s closed sunroof, damaging the interior. Can the carrier deny the claim based on wear and tear?
Delivery Exclusions, Landscapers and Valet Parking
PAP Delivery Exclusions; The CGL and Damage Caused by Landscapers; PAP Coverage for Valet Parking
Applying the Rodent Exclusion
Can an insurance company deny a homeowners policy claim because of damage caused by a squirrel? There’s no more fitting of a time than Groundhog Day to learn about how rodent damage is treated by homeowners coverages.