Personal Auto Policy – Physical Damage – A Deep Dive

Description

The costs to repair or replace private passenger autos, pickups, vans and trailers continue to escalate. Also, the time needed to properly repair damage to an auto can be much longer than anticipated, resulting in unexpected loss of use expenses.

The ISO Personal Auto Policy can be an effective tool in a personal lines client’s risk management program for many of these exposures.  The physical damage coverages that can be included in the PAP are designed to finance physical damage risks associated with both owned and non-owned autos.  

The insurance professional must understand the intricacies of this coverage part in order to meet their clients' needs. A very common question is “do I have coverage when I rent a car? We will address that question and many others as part of this presentation.