Never take anything for granted (Insurance Content)
08-22-2015, 01:16 PM
#1
Never take anything for granted (Insurance Content)
Here's the link:
http://ktla.com/2015/08/20/50k-vinta...-freeway-fire/
The key paragraph in the article:
What was left of Croxton’s classic car showed up at his door Tuesday, and so far the car enthusiast hasn’t had much luck getting reimbursed for his losses. “I went through a broker and he assured me everything was bonded and insured and its federal regulations. It had to be,” Croxton was told. However, an underwriter working with Croxton has been unable to find any evidence of an insurance policy for the car carrier.
The moral of the story: Whether your shipper is an owner/operator or broker, request a copy of their insurance binder and make a call to the underwriter to guarantee the policy is current. Ya never know!
http://ktla.com/2015/08/20/50k-vinta...-freeway-fire/
The key paragraph in the article:
What was left of Croxton’s classic car showed up at his door Tuesday, and so far the car enthusiast hasn’t had much luck getting reimbursed for his losses. “I went through a broker and he assured me everything was bonded and insured and its federal regulations. It had to be,” Croxton was told. However, an underwriter working with Croxton has been unable to find any evidence of an insurance policy for the car carrier.
The moral of the story: Whether your shipper is an owner/operator or broker, request a copy of their insurance binder and make a call to the underwriter to guarantee the policy is current. Ya never know!
08-22-2015, 11:13 PM
#6
08-23-2015, 08:09 PM
#7
RL Community Team
Rennlist Member
Rennlist Member
Yes, "Insured &bonded" is sometimes just a marketing tag line. Buyer beware holds for construction contractors as well.
Trending Topics
08-23-2015, 11:22 PM
#8
Race Car
Join Date: Nov 2007
Location: Miamah, La Florida
Posts: 4,694
Likes: 0
Received 67 Likes
on
26 Posts
Never take anything for granted (Insurance Content)
Originally Posted by pp000830
Yes, "Insured &bonded" is sometimes just a marketing tag line. Buyer beware holds for construction contractors as well.
This is the reason taxes are so high in Cali****ingfornia, perfect democrat: "Yeah, so I'm not angry. If i do have to eat the whole amount, so be it", Croxton said, trying to keep things in perspective.
