Blog

So Much is Riding on Your Tires

May 11th, 2017
So Much is Riding on Your Tires

Kimberley J Stufflet, CPCU, CIC, CAIP

Kim had the opportunity to teach a class earlier this month at the annual AIA Convention in San Diego. Her topic was the Business Auto Policy. She discussed the coverages, exclusions and went over multiple claim examples.

Remembering Arnold Palmer

December 2nd, 2016

THE WORLD HAS LOST ONE OF THE TRUE LEGENDS OF THE GAME OF GOLF, business and life. Arnold Palmer and television turned a game into a mega-million enterprise and influenced the lives of so many people, both in golf as well as the non-golfer. Mr. Palmer established a Legacy to live by: 'Be a person of principle: He liked to say, 'Success depends less on strength of body than upon strength of mind and character.

Preferred Aviation Giving Back

November 4th, 2016

Recently Preferred Aviation took part in sending "Boxes of Sunshine" to our troops overseas. A small way of saying Thank You to all the men and women who serve our country.

Foreign Coverage

October 19th, 2016

By Chris Carter, CIC

Do you have a customer that has foreign operations, sends employees oversees or is just thinking about expanding their business internationally?  How do you cover this risk and do they have coverage under their current policies?  Most of the time, they don’t have coverage that will extend internationally but adding a Foreign Policy could pick up the coverages needed and protect your customer.

Hurricane Matthew

October 6th, 2016

As Hurricane Matthew approaches the Southeast we want to make sure you have the most up to date contact information for reporting claims.

 

Preferred Aviation Underwriters – claims@preferredau.com

AIG Claims – aviationprg.claims@aig.com

1.877.730.1853 / Fax 1.877.683.9978

 

Please include as much information as possible including policy number and contact information to expedite the claim process.

Congratulations Paul Rippy!

September 9th, 2016

Happy 10th Anniversary to Paul Rippy
Paul had been a real asset to Preferred Aviation since he joined us 10 years ago. In those 10 years, he has contributed skill, ideas, energy, and loyalty. Thank you Paul!  

 

It All Adds Up

August 4th, 2016

By Kim Stufflet

I have seen a significant increase in requests to blanket property coverage when more than one location is insured.  My first question to the broker is always “why?”   If you go back to the historical development of blanket coverage it was created for the following situations:

The insured owns several buildings or a number of location where the Business Personal Property (BPP) values fluctuate or move between the building or locations
The insured owns machinery and equipment that is difficult to categorize as building or BPP (Large machinery that is not actually made a permanent part of the building but cannot be moved easily)
The insured is looking for a hedge in the event of extreme inflation or improper valuations.

I KNOW MY COMMERCIAL PROPERTY POLICY PROVIDES COVERAGE FOR THE FAMILY GECKO!

July 20th, 2016

By Paul J. Rippy

You have heard the horror stories from your co-workers.  An insured calls in or leaves a message stating, “Hi there!  This is Will Rogers from Tall Tales Helicopter Charters.  I was just heading out the door and wanted to confirm my son’s pet gecko, Petals, as well as my wife’s $3500 unlicensed four wheeler is covered by our commercial policy under Business Personal Property.

Is My Wife or Uncle Herbert or Aunt Gertie Allowed To Drive My Company Car?

July 1st, 2016

By Paul J. Rippy

I was recently asked if the spouses of insured employees would be allowed to operate a company vehicle.  The individual making the request thought permission was granted because the insured’s policy has a symbol 1 for liability.  After taking a moment where I reminded myself that a jump from a two story building would really hurt, I explained the insured needed a Drive Other Car Coverage – Broadened Coverage for Named Individuals endorsement [Accord Form CA 9910 1013].

Drive Other Car Coverage or DOC is an endorsement designed to provide non owned auto coverage under a commercial auto policy.