property in the insured’s care, custody and control, and coverage could be found there for hull damage to rented watercraft, but some PUPs specifically exclude coverage for damage to rented watercraft.
surprises often await the unsuspecting traveler. Trip cancellation and travel insurance provide many needed coverages for the traveling public, especially where extensive or elaborate reservations and plans have been made.
Rented go-carts, ATVs, etc. The Homeowners Policy provides Section II bodily injury and property damage liability coverage for non-owned, off-road recreational vehicles not subject to registration. Under Coverage C in the Homeowners Policy, the only types of motorized land conveyances eligible for physical damage coverage are those that are service vehicles or assist the handicapped.
Note: Members, if you have not already discovered the valuable resources at the Big “I” Virtual University, we highly recommend that you go to www.iiaba.net/vu. You can subscribe to the newsletter or see other features offered. If you want to read current or past articles as a Big “I” member, you can access them using your IIABSC website username and password. If you are unsure what those are, call our office, 803.731.9460 or email information@iiabsc.com.
Owned go-carts, ATVs, etc: off-premises liability Some insureds take their go-carts and ATVs along on vacation. Liability for use of such owned vehicles off the residence premises is extremely limited. In the context of a vacation trip, coverage would apply to accidents that occur at: (1) a secondary residence declared or newly acquired; (2) any part of a premises where an insured is temporarily residing; (3) vacant land owned by or rented to an insured; and (4) any part of a premises occasionally rented to an insured for non-business use.
Mike Edwards, CPCU, AAI, heads an insurance training firm in Atlanta, Ga. He has previously served as the director of education for the Independent Insurance Agents of Louisiana and as a senior instructor with the Florida Association of Insurance Agents. Jack Chapman is a producer at Bowersox Insurance Agency Co., St. Louis. He is a past president of MAIA (Missouri Big “I”). Chapman has been a member of the MAIA Technical Committee since 1991 and has served as its chairman since 1999.
Trip cancellation and travel insurance Veteran travelers know all too well that many unpleasant
Summer 2012 • South Carolina Agent & Broker
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