PERSONAL AUTOMOBILE MANUAL

Transcription

1 If the applicant does not meet the following guides, PLEASE DO NOT BIND. Submit application unbound prior to effective date, or call Underwriter for approval. PERSONAL AUTOMOBILE RISK SELECTION GUIDE GENERAL REQUIREMENTS You, the producer, are the most important element in the insurance risk selection process. Your role in developing information which enables us to properly rate and evaluate each offering is vital in order to maintain a consistent market. The following steps are offered to help ensure the issuance of a contract - COMPLETE - CORRECT - and PROMPT. 1. Obtain a COMPLETE APPLICATION, answering all questions. Incomplete applications not only cannot be underwritten, but in many instances under an automated system, cannot be processed. Accord form applications are acceptable. 2. Conduct a personal interview with the applicant. This will help you to evaluate the characteristics of the risk and to complete the application. 3. Have the applicant sign the application because it is an important legal document. 4. Forward the application to us by the inception date with the appropriate down payment. Applications received ten days after the inception date are not acceptable and will be rejected. 5. Anytime Constitutional Casualty is given as the prior carrier, please call before binding. BINDING AUTHORITY Risks are bound subject to our underwriting guide. If the risk does not qualify upon examination or requires prior underwriting approval, or you have exceeded your binding authority,coverage will be void as of the inception date. Submit doubtful applications to Company WITHOUT BINDING. CONSTITUTIONAL CASUALTY COMPANY 01/01/09 1

2 If the applicant does not meet the following guides, PLEASE DO NOT BIND. Submit application unbound prior to effective date, or call Underwriting for approval. Questions Preferred Preferred Special 1. Clean No No more than 1 No more than 2 incidents. minor moving minor moving Accidents and violation per violations per Violations for (Incidents household. household. Past 3 Yrs. include fault and non-fault (16-25 speed (16-25 speed While the exp. accidents, is considered is considered period is 3 yrs, collision and minor). minor). we view that in comprehensive light of the prior losses and all In addition, One non-fault record only. violations). one non-fault accident accident allowed* allowed* One windshield or towing claim or or allowed. ($250 maximum) With clean One minor driving record comprehensive for past 3 yrs, loss allowed one minor allowed per comprehensive loss allowed household. (Loss must not per household. be within twelve (Loss must not (12) months of be within effective date twelve (12) of policy and months of payment no effective date greater than of policy $500.00). and payment no greater than $500.00). CONSTITUTIONAL CASUALTY COMPANY 01/01/09 2

3 1. or Accidents and With clean driving Violations for record for past 3 Past 3 Yrs. years, one minor (Cont.) accident per household is allowed, subject to an accident surcharge point. Circumstances surrounding accident might make risk unacceptable. *Non-fault accident will require proper verification, such as police report, or renewal declaration showing no point charges, submitted with application. 2. No prior suspensions or revocations. No operator shall have been cited for DWI, negligent homicide, drugs/under influence, Suspensions/ reckless driving, failure to stop for railroad or train signal or any Revocations other serious infraction of driving such as excessive speeding (over 25 mph), regardless of date. 3. No prior re- No prior re- Must be presently jections jections, insured with most Present cancellations cancellations recent carrier and Insurance or non-renewals or non-renewals policy number Status for underwriting for underwriting required. reasons the reasons the past two yrs. past two yrs. Must be insured Must be insured presently with presently with CONSTITUTIONAL CASUALTY COMPANY 01/01/09 3

4 3. an owned vehicle an owned vehicle in a Standard in a Standard or Present or Preferred or Preferred Insurance company. Company. Status (Cont.) Non-standard carrier is acceptable if risk is submitted with a prior carrier letter. Ages 26 to Ages 26* to Ages 22 to principal 70 principal principal operator. operator. operator. 4. Secondary Operators 22 *Operators 18 Age/Experience operators must to 25 accep- to 21 acceptable Principal be at least table but but must have Operator 21. must have clean driving clean record record. for past 5 yrs. All operators All operators All operators must have 3 must have 2 must have 1 yrs U.S. yrs. U.S. yrs. U.S. driving driving driving experience. experience. experience. New Business should not include occasional or potential operators 15 to 17 yrs. of age. *If single and 18 to 21, risk acceptable with parent s auto coverage and the car garaged at home not at school. CONSTITUTIONAL CASUALTY COMPANY 01/01/09 4

5 5. Indications are the occupation and residence will be stable. Occupation & Residence 6. We expect all operators to have no non-correctable physical impairments that would affect the normal handling of a Health of vehicle. A Driver Self-Appraisal Form or Driver Medical Operators Report may be required. 7. No vehicle rated for customization. Type of Vehicle Maximum value of any vehicle: $70,000. Maximum 20,000 lb gross vehicle weight. Any utility or recreational trailor with a value over $2,000, must be submitted with a photo. Recreational vehicles, non-production vehicles and camperequipped vehicles are not acceptable. No antique or classic vehicles acceptable. CONSTITUTIONAL CASUALTY COMPANY 01/01/09 5

6 Sports and specialty cars (two seaters, etc), will be written 8. in light of the driver(s). If not rated by ISO, the surcharge to be added will be 50% when acceleration is 0-60 mph under Unacceptable Vehicles seven seconds and 25% when 7 to 9 seconds. Certain sports vehicles and specialty cars are not acceptable. They are: Avanti Lamborghini BMW Series 5 (95 & Current) Lotus Esprit Turbo Buick Grand Nat l Maserati Buick Regal GNAl Mitsubishi GT Camaro IROC, Z28 Monte Carlo Corvette Mustang GT, SVO, or LX 5.0 Delorean Nissan 350Z Dodge Stealth Pontiac Trans Am Ferrari Porsche Jeep CJ5, CJ7 Suzuki Samurai Vehicles Unacceptable for any Coverage Antique/classic vehicles Asphalt spreaders Buses Camper-equipped Concrete mixers Cranes Ditch diggers Dump trucks Electric vehicles Ford F-700 Horse Trailers Motorcycles Non-Production or specialty built vehicles Racing Cars Rebuilt total losses Recreation vehicles Refrigerated trucks Snowplows Tow trucks CONSTITUTIONAL CASUALTY COMPANY 01/01/09 6

7 9. Generally not over 13 yrs. Vehicle must be in old unless submitted with good physical and Age of a newer vehicle 6 yrs. old mechanical condition. Vehicle or less. No vehicle over 20 yrs. old. Photos are required on all cars 12 yrs. or older, regardless of coverages. 10. Business use acceptable only Use of if limited to one Vehicle vehicle per policy and part of a multi-car risk. 11. Vehicles in cities of 250,000 population or more must be garaged, or parked off street, regardless of coverages purchased. Garaging In other areas, must be parked so as to minimize loss potential. A car parked on the street while at work could be unacceptable. CONSTITUTIONAL CASUALTY COMPANY 01/01/09 7

8 12. Limits of Minimum Liability $50/100 Bodily Injury $50,000 Property Damage CONSTITUTIONAL CASUALTY COMPANY 01/01/09 8

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