![Page 1: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/1.jpg)
1
“Nightmares on Insurance Street” Presented by:
The self proclaimed “FAIA Dream Team”
David Thompson, CPCU, AAI aka “Dream Team 2”Jay Williams, CIC, AAI aka “Dream Team 1”
![Page 2: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/2.jpg)
Housekeeping
• Class times– 1:30 p.m. to 4:30 p.m.
• Break– One break – 13 minutes
• DFS rules– Phones, newspapers, etc
2
![Page 3: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/3.jpg)
3
Unauthorized Entity Issues
Verify with the DFS:–www.myfloridacfo.com–1-800-342-2762 / 1-877-MY-FL-CFO
![Page 4: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/4.jpg)
The Important Stuff
![Page 5: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/5.jpg)
The Dream Team Dilemma
Is our greatest asset…–Our intelligence–Our fantastic teaching ability–Our amazing good looks–Or….–Our humility!
5
![Page 6: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/6.jpg)
6
Our Web Site
![Page 7: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/7.jpg)
7
![Page 8: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/8.jpg)
8
![Page 9: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/9.jpg)
9
![Page 10: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/10.jpg)
Stump the Nerds
10
![Page 11: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/11.jpg)
BAP Temporary Substitutes
11
![Page 12: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/12.jpg)
BAP Temporary Substitutes
BAP works just like a PAP All the same coverages follow over to a
temporary substitute Symbol used isn’t a factor
12
![Page 13: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/13.jpg)
BAP Temporary Substitutes
Symbol 1 Any Auto Symbol 2 Owned Autos Symbol 7 Specifically Described Autos Symbol 8 Hired Autos Symbol 9 Non-owned autos
13
![Page 14: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/14.jpg)
From the Policy (Liability)
14
![Page 15: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/15.jpg)
15
Regardless of symbol, liability coverage for temporary substitutes is provided in the form.
![Page 16: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/16.jpg)
From the Policy (Physical Damage)
SECTION III – PHYSICAL DAMAGE COVERAGE
A. Coverage 1. We will pay for "loss" to a covered "auto"
or its equipment…
16
![Page 17: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/17.jpg)
17
![Page 18: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/18.jpg)
Temporary Substitute
Problem:–Liability coverage automatically provided–Physical damage coverage not provided
Solution?
18
![Page 19: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/19.jpg)
Symbol 8
Always add it to every BAP Is there a limit per vehicle? Solution for:
–Temporary substitutes– “Regular” business rentals for traveling
employeesAlso add CA 20 54 – Employee Hired
Autos
19
![Page 20: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/20.jpg)
20
![Page 21: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/21.jpg)
Temporary Substitutes
21
![Page 22: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/22.jpg)
Coverage B - Homeowners
Short version:–10% of Coverage A–Covers structures worldwide–The 10% is part of Coverage A, and is not
additional insurance
22
![Page 23: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/23.jpg)
Coverage B - Homeowners
What is an “Other Structure”?–Set apart by clear space–On “residence premises”–Limit is 10% of Coverage A
23
![Page 24: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/24.jpg)
24
![Page 25: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/25.jpg)
25
![Page 26: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/26.jpg)
Coverage B - Homeowners
Important definition: "Residence premises" means: a. The one family dwelling where you reside; b. The two, three or four family dwelling where
you reside in at least one of the family units; or c. That part of any other building where you
reside; and which is shown as the "residence premises" in the
Declarations. "Residence premises" also includes other structures and
grounds at that location.
26
![Page 27: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/27.jpg)
Coverage B - Homeowners Important exclusions: We do not cover: a. Land, including land on which the other structures are
located; b. Other structures rented or held for rental to any person
not a tenant of the dwelling, unless used solely as a private garage;
c. Other structures from which any "business" is
conducted; or d. Other structures used to store "business" property.
However, we do cover a structure that contains "business" property solely owned by an "insured" or a tenant of the dwelling provided that "business" property does not include gaseous or liquid fuel, other than fuel in a permanently installed fuel tank of a vehicle or craft parked or stored in the structure.
27
![Page 28: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/28.jpg)
Coverage B - Homeowners
Endorsements:–HO 04 40 Structures Rented to Others
Used as a private residenceExtends liability and med pay
28
![Page 29: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/29.jpg)
Coverage B - Homeowners
Endorsements:–HO 04 42 Permitted Incidental
OccupanciesLimit applies separately from Coverage
BContents that are described are now
covered under Coverage C
29
![Page 30: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/30.jpg)
Coverage B - Homeowners
Endorsements:–HO 04 48 Other Structures – Increased
Limits Increases the Coverage B limitApplies only to the structure described
in the endorsement
30
![Page 31: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/31.jpg)
Coverage B - Homeowners
Endorsements:–H0 04 91:
Extends coverage to other structures not located on the “residence premises”
Cannot be used for a dwelling, rental, business, or business property storage
31
![Page 32: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/32.jpg)
Coverage B - Homeowners
Endorsements:–H0 04 92:
Similar to HO 04 91 but allows for location schedule/amount of coverage
Cannot be used for a dwelling, rental, business, or business property storage
32
![Page 33: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/33.jpg)
Coverage B – Swimming Pools
33
![Page 34: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/34.jpg)
34
Coverage A or B?
![Page 35: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/35.jpg)
35
Coverage A or B?
![Page 36: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/36.jpg)
36
Coverage A or B?
![Page 37: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/37.jpg)
37
Coverage A or B?
![Page 38: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/38.jpg)
Coverage B - Homeowners
Flood Insurance Issues:–Coverage for detached garages only–10% of coverage limit (not an additional
amount)–Separate policy needed for other
structures
38
![Page 39: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/39.jpg)
Coverage B - Homeowners
Questions?
39
![Page 40: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/40.jpg)
Kid’s Cars
Best advice:–Title car to kid–Put on kid’s PAP–That way, parents can’t be sued–Saves everyone money
40
![Page 41: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/41.jpg)
41
“The insurance went up HOW much?”
“It’s party time!”
![Page 42: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/42.jpg)
QUESTION Who is This?
![Page 43: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/43.jpg)
43
Kid’s Cars
No matter how you slice the banana, it’s going to cost you a ton to insure kids.
To quote a student:– “When my customers complain
about the cost to insure kids I tell them they should have considered that in the heat of passion 16 years earlier.”
Before we go any further, how will this affect our
insurance in 16 years?
![Page 44: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/44.jpg)
44
Kid’s Cars – The Cost
Pre-kid, two cars, high limits:–$750
Kid turns 16:–$1,250
Kid gets boring car:–$1,850
![Page 45: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/45.jpg)
Situation
Parents: –Assets to protect–PAP with high limits and umbrella
Kid:–Excited to drive–Cool car–Low limits
Tragedy: Kid hits car, serious injuries45
![Page 46: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/46.jpg)
Avenues To Mom/Dad’s Wallet
1. Car registered to Mom/Dad 2. Child under age (Statutory, state specific) 3. Vicarious … “On a mission”
46
![Page 47: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/47.jpg)
Avenues To Mom/Dad’s Wallet
1. Car registered to Mom/Dad
47
If your name is here…You’re gonna get sued!
![Page 48: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/48.jpg)
2. Child Under Age -Statutory
48
![Page 49: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/49.jpg)
49
FS 322.09
(1)(a) The application of any person under the age of 18 years for a driver's license must be signed and verified before a person authorized to administer oaths by the father, mother, or guardian….
![Page 50: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/50.jpg)
50
(2) Any negligence or willful misconduct of a minor under the age of 18 years when driving a motor vehicle upon a highway shall be imputed to the person who has signed the application of such minor for a permit or license, which person shall be jointly and severally liable with such minor for any damages caused by such negligence or willful misconduct.
![Page 51: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/51.jpg)
What About Age 18 & Older?Car in Child’s Sole Name
Situation:– Child is age 22, in college. Rents apartment.– Mom/Dad support child.– Mom/Dad claim child on taxes– Child has bedroom at house, stays there from
time to time– Child has no assets; parents have money– Child has wreck, kills someone. Would you try
to chase Mom & Dad for the money?
51
Would YOU sue?
![Page 52: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/52.jpg)
3. Vicarious – “On a Mission”
Analogy:–Producer uses his car to visit clients.
Agency sued. “Respondeat superior.” Situation:
–Dad gives kid list of eight places to go; post office, grocery store, Sonny’s, etc
–Child has wreck. Parent’s sued: “Child on a mission for parents.”
Or, changing tire52
![Page 53: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/53.jpg)
Discussion Based on ISO Forms
53
Main focus today is on liability coverage.
![Page 54: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/54.jpg)
54
Kid’s Cars – The Options
1. No car– Good risk management
2. Car in parents’ name, driven by kid– Generally the least expensive way; no coverage
gaps 3. Car in kid’s name
– Disaster waiting to happen
![Page 55: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/55.jpg)
55
1. Kid’s Cars – No Car
List the kid as a driver for rating and underwriting reasons–QUESTION: How does listing the kid as a
driver affect coverage?
No ca
r, so
rry!
![Page 56: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/56.jpg)
56
1. Kid’s Cars – No Car
List the kid as a driver for rating and underwriting reasons–QUESTION: How does listing the kid as a
driver affect coverage? As long as the kid is a resident family
member, he/she has all policy coverages Separate policy needed once the kid is no
longer a resident What is “resident?”
![Page 57: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/57.jpg)
57
![Page 58: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/58.jpg)
58
![Page 59: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/59.jpg)
59
2. Car in Parents’ Name
List kid as driver – underwriting & rating Least expensive choice No coverage gaps Kid’s wreck = parents’ problem
![Page 60: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/60.jpg)
60
3. Car in Kid’s Name
Huge potential problem What limits do parents often want to carry
on the kid’s car? Why?
–Cost–“My neighbor said…”–“An attorney said…”–“A guy in the bar told me…”
![Page 61: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/61.jpg)
61
Car in Kid’s Name -- Dangers
Exclusion in parents’ policy voids coverage for claims resulting from use of the kid’s car–Liability–Med-pay–Physical damage
UM and PIP
![Page 62: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/62.jpg)
The Exclusion
3. Any vehicle, other than "your covered auto", which is:
a. Owned by any "family member"; or
b. Furnished or available for the regular use of any "family member".
However, this Exclusion (B.3.) does not apply to you while you are maintaining or "occupying" any vehicle which is:
a. Owned by a "family member"; or
b. Furnished or available for the regular use of a "family member". 62
![Page 63: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/63.jpg)
Examples – Under Mom/Dad’s PAP
Mom/Dad Get Sued Kid driving kid’s car
Sibling driving kid’s car
Friend driving kid’s car
Mom/Dad driving kid’s car
63
![Page 64: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/64.jpg)
Examples – Under Kid’s PAPMom/Dad Get Sued
Kid driving kid’s car
Sibling driving kid’s car
Friend driving kid’s car
Mom/Dad driving kid’s car
Limits? $$$$ 64
![Page 65: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/65.jpg)
65
Car in Kid’s Name
QUESTION: If this option is selected what recommendation is there to the parents?
![Page 66: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/66.jpg)
66
Kid’s Cars – Bottom Line
If the car and policy are in the kid’s name, assume the parents’ policy is worthless.
Parents depend on kid’s limits if they are sued.
![Page 67: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/67.jpg)
Other Coverages Med-pay
–Same exclusions PIP
– If car in kid’s name, kid gets his/her PIP UM
–Save the debate…clone limits and stack it Physical damage:
–Kid’s policy covers kid’s car67
![Page 68: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/68.jpg)
Other Thoughts…
The moral issue of low limits for the kid Future wage garnishments How would Mom/Dad feel if THEY were hit
and hurt bad by a kid with 10/20/10?
68
![Page 69: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/69.jpg)
Kid’s Cars
69
![Page 70: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/70.jpg)
Drive Other Car (DOC) Coverage
70
![Page 71: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/71.jpg)
Drive Other Car (DOC) Coverage
Recent change…only liability coverage available under DOC
Huge new gap created
71
![Page 72: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/72.jpg)
Drive Other Car (DOC) Coverage
Coverages Provided:–Liability–Med Pay–Uninsured Motorist–Physical Damage
72
![Page 73: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/73.jpg)
Drive Other Car (DOC) Coverage
Coverage NOT Provided:–Personal Injury Protection
Broadened PIP for Named IndividualsA MUST in FL and other no-fault states
73
![Page 74: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/74.jpg)
Drive Other Car (DOC) Coverage
Who is an Insured:–Med Pay and Uninsured Motorist
Named insured and family–Liability and Physical Damage
Named insured and resident spouse–Gaps for family members other than the
spouse
74
![Page 75: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/75.jpg)
Drive Other Car (DOC) Coverage
Comparison to Personal Auto Policy–Who is an insured–Endorsements available
75
![Page 76: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/76.jpg)
Drive Other Car (DOC) Coverage
76
![Page 77: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/77.jpg)
NFIP: RCBAP vs. CPP
Residential Condominium Building Association Policy
Commercial Property Policy Both policies cover building items the same
way Typically, coverages match
77
![Page 78: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/78.jpg)
NFIP: RCBAP vs. CPP
RCBAP – Property covered–The whole dang building!
FoundationsPaint, carpet, tile, cabinets, etcAdditions and alterations made at the
sole expense of the unit owner Compared to CPP
78
![Page 79: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/79.jpg)
NFIP: RCBAP vs. CPP
RCBAP – Unit owners make significant improvements/additions– Is RCBAP now under-insured?– Is there now a potential coinsurance
problem?
79
![Page 80: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/80.jpg)
NFIP: RCBAP vs. CPP
Replacement cost for flood is greater than replacement cost for property…always!
So…
80
![Page 81: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/81.jpg)
NFIP: RCBAP vs. CPP
Your answer is:–A. The RCBAP always has more
coverage than the CPP–B. The RCBAP and CPP are always
equal–C. The CPP always has more coverage
than the RCBAP–D. Not enough information to answer
81
![Page 82: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/82.jpg)
Condos – How We Can Help
I need:–Copy of RCBAP dec page–Copy of appraisal
Must include foundation and all building items
–Letter from lender with client name and loan number
![Page 83: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/83.jpg)
83
![Page 84: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/84.jpg)
84
![Page 85: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/85.jpg)
NFIP
85
![Page 86: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/86.jpg)
Employees As Insureds – Business Auto Policy – CA 99 33 Employees are “an insured” under BAP
using any auto Employee is covered under BAP using
his/her own auto for business BAP is primary in all instances
86
![Page 87: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/87.jpg)
Employees As Insureds – Business Auto Policy – CA 99 33 Who is an Insured in the BAC
–Person or entity named–Permissive users–Exceptions/Exclusions
87
![Page 88: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/88.jpg)
Employees As Insureds – Business Auto Policy – CA 99 33 Coverage Provided by Endorsement:
–Liability–Physical Damage
88
![Page 89: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/89.jpg)
Employees As Insureds – Business Auto Policy – CA 99 33 Uses:
–Employees driving autos owned by themPrimary/excess issuesPAP/BAP analysis
–Traveling employees – rental carsLiabilityPhysical Damage
89
![Page 90: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/90.jpg)
Employees As Insureds – Business Auto Policy – CA 99 33
90
![Page 91: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/91.jpg)
Uninsured Motorists (UM) on Motorcycles
91
![Page 92: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/92.jpg)
Uninsured Motorists (UM) on Motorcycles
Cost for UM on cycles is very expensive Remember, the PAP excludes UM on
vehicles with less than four wheels UM must be purchased on a cycle policy for
coverage to apply
92
![Page 93: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/93.jpg)
93
![Page 94: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/94.jpg)
UM on Motorcycles
FS 627.727 (1) No motor vehicle liability insurance policy
which provides bodily injury liability coverage shall be delivered or issued for delivery in this state with respect to any specifically insured or identified motor vehicle registered
94
![Page 95: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/95.jpg)
The Statute - 627.727
(1) No motor vehicle liability insurance policy which…–PAP–BAP–Motorhome policy–Motorcycle policy
95
![Page 96: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/96.jpg)
The Policy
INSURING AGREEMENT A. We will pay compensatory damages
which an "insured" is legally entitled to recover from the owner or operator of an "uninsured motor vehicle" because of "bodily injury":
1. Sustained by an "insured"; and 2. Caused by an accident.
96
![Page 97: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/97.jpg)
Compensatory Damages
97
What are “compensatory
damages?”
![Page 98: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/98.jpg)
Compensatory Damages
Summary:–Whatever the court awards!
Medical billsLost wagesLoss of limbsLoss of enjoyment of lifePain & suffering
–UM Covers a lot more than medical bills!98
![Page 99: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/99.jpg)
99
![Page 100: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/100.jpg)
100
Will PIP, med-pay, or health insurance
cover these?
![Page 101: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/101.jpg)
Stacked vs. Non-Stacked
Stacked
Dollar difference– More cars equals
more money Also, a coverage
difference
Non-stacked
Dollar difference– Same dollars,
regardless of number of cars
Coverage difference– Excludes some
claims that stacked covers.
101
![Page 102: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/102.jpg)
Stacked Exclusions A. We do not provide Uninsured Motorists Coverage for "bodily injury" sustained by any
"insured": 1. If that "insured" or the legal representative settles the "bodily injury" claim and such
settlement prejudices our right to recover payment. However, this Exclusion (A.1.) does not apply to a settlement made with the insurer of a vehicle described in Section 2. of the definition of "uninsured motor vehicle".
2. While "occupying" "your covered auto" when it is being used as a public or livery conveyance. This Exclusion (A.2.) does not apply to a share-the-expense car pool.
3. Using a vehicle without a reasonable belief that that "insured" is entitled to do so. This Exclusion (A.3.) does not apply to a "family member" using your "covered auto" which is owned by you.
4. With respect to damages for pain, suffering, mental anguish or inconvenience unless the "bodily injury" consists in whole or in part of:
a. Significant and permanent loss of an important bodily function; b. Permanent injury within a reasonable degree of medical probability, other than scarring
or disfigurement; c. Significant and permanent scarring or disfigurement; or d. Death.
102
![Page 103: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/103.jpg)
Non-Stacked Exclusions
103
![Page 104: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/104.jpg)
Non-Stacked Exclusions A. We do not provide Uninsured Motorists Coverage for "bodily injury" sustained: 1. By an "insured" while "occupying" any motor vehicle owned by that "insured" which is not insured for this coverage
under this policy. This includes a trailer of any type used with that vehicle. 2. By any "family member" while "occupying" any motor vehicle you own which is insured for this coverage on a
primary basis under any other policy. B. We do not provide Uninsured Motorists Coverage for "bodily injury" sustained by any "insured": 1. If that "insured" or the legal representative settles the "bodily injury" claim and such settlement prejudices our right
to recover payment. However, this Exclusion (B.1.) does not apply to a settlement made with the insurer of a vehicle described in Section
2. of the definition of "uninsured motor vehicle". 2. While "occupying" "your covered auto" when it is being used as a public or livery conveyance. This Exclusion (B.2.)
does not apply to a share-the-expense car pool. 3. Using a vehicle without a reasonable belief that that "insured" is entitled to do so. This Exclusion (B.3.) does not
apply to a "family member" using "your covered auto" which is owned by you. 4. With respect to damages for pain, suffering, mental anguish or inconvenience unless the "bodily injury" consists in
whole or in part of: a. Significant and permanent loss of an important bodily function; b. Permanent injury within a reasonable degree of medical probability, other than scarring or disfigurement; c. Significant and permanent scarring or disfigurement; or d. Death.
104
![Page 105: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/105.jpg)
Non-Stacked Exclusions A. We do not provide Uninsured Motorists Coverage for "bodily injury" sustained: 1. By an "insured" while "occupying" any motor vehicle owned by that "insured" which is not insured for this
coverage under this policy. This includes a trailer of any type used with that vehicle. 2. By any "family member" while "occupying" any motor vehicle you own which is insured for this coverage on a
primary basis under any other policy. B. We do not provide Uninsured Motorists Coverage for "bodily injury" sustained by any "insured": 1. If that "insured" or the legal representative settles the "bodily injury" claim and such settlement prejudices our right
to recover payment. However, this Exclusion (B.1.) does not apply to a settlement made with the insurer of a vehicle described in Section
2. of the definition of "uninsured motor vehicle". 2. While "occupying" "your covered auto" when it is being used as a public or livery conveyance. This Exclusion (B.2.)
does not apply to a share-the-expense car pool. 3. Using a vehicle without a reasonable belief that that "insured" is entitled to do so. This Exclusion (B.3.) does not
apply to a "family member" using "your covered auto" which is owned by you. 4. With respect to damages for pain, suffering, mental anguish or inconvenience unless the "bodily injury" consists in
whole or in part of: a. Significant and permanent loss of an important bodily function; b. Permanent injury within a reasonable degree of medical probability, other than scarring or disfigurement; c. Significant and permanent scarring or disfigurement; or d. Death.
105
![Page 106: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/106.jpg)
So……
This exclusion is in the non-stacked form, but not in the stacked form:– A. We do not provide Uninsured Motorists
Coverage for "bodily injury" sustained:– 1. By an "insured" while "occupying" any
motor vehicle owned by that "insured" which is not insured for this coverage under this policy…”
106
It’s the “owned but not insured” exclusion.No coverage with non-stacked.
Coverage does apply with stacked.
![Page 107: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/107.jpg)
Owned Motorcycle
107
300/500 Non-Stacked PAP UM$116 for six months
(Stacked $155)
$300K Cycle UM - $1451/year(Liability $119)
Broward County Zip Code
UM REJECTED!
Stacked PAP UM will respondon the motorcycle. (300/500)
![Page 108: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/108.jpg)
Alabama Car
108
Two Cars250/500 Non-Stacked
One CarUM Rejected!
Stacked PAP UM will respondon the Alabama car. (500/1,000)
![Page 109: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/109.jpg)
109
![Page 110: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/110.jpg)
UM On Motorcycles
110
![Page 111: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/111.jpg)
PEO (Professional Employer Organization) Tricks & Traps
When a “client company” uses a PEO:–No need for WC–No need for CGL–No need for any other policies–PEO provides all coverages for client
company–Great benefit for client company
111
![Page 112: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/112.jpg)
PEO (Professional Employer Organization) Tricks & Traps
Co-employment Relationship:–Primary employer (PEO)
Pays employeesPays taxesPays SUTA & FUTAOffers Benefits
112
![Page 113: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/113.jpg)
PEO (Professional Employer Organization) Tricks & Traps
Co-employment Relationship:–Worksite Employer
Hires/firesSalary determinationSupervisesOffers benefits
113
![Page 114: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/114.jpg)
PEO (Professional Employer Organization) Tricks & Traps
Co-employment Relationship:–Contractual relationship
Client Services Agreement (CSA)Defines the exact relationship and who
is responsible for what
114
![Page 115: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/115.jpg)
PEO (Professional Employer Organization) Tricks & Traps
Gaps Created by the CSA:–Newly hired employees
Client (WSE) must notify the PEONew employee not covered until
received AND approved–Uninsured sub-contractors
CSA does not recognize these as employees
Client is “naked”115
![Page 116: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/116.jpg)
PEO (Professional Employer Organization) Tricks & Traps
Other PEO “tricks”:–Can be “hidden” costs in the CSA
Set up and change feesWC claim feesGarnishment feesOther administration fees
116
![Page 117: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/117.jpg)
PEO (Professional Employer Organization) Tricks & Traps
Other PEO “tricks”:–State Unemployment Tax (SUTA)
Tax “cutoffs” not honoredRates increased without notice
–High administration feesLead with WC – low pricing for high risk Increase admin to cover WC costsRates for master health plan
manipulated 117
![Page 118: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/118.jpg)
PEO (Professional Employer Organization) Tricks & Traps
118
![Page 119: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/119.jpg)
Fair Credit Reporting Act (FCRA)
119
![Page 120: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/120.jpg)
Fair Credit Reporting Act (FCRA)
FCRA was renamed FACTA When renamed, there was no longer any
impact on insurance agencies and the MVR issue.–Agents can now supply MVRs to
commercial customers
120
![Page 121: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/121.jpg)
Fair Credit Reporting Act (FCRA)
Key terms–Consumer report–Consumer reporting agency–Permissible purpose–Employment purposes–Adverse action– Insurance underwriting
121
![Page 122: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/122.jpg)
Fair Credit Reporting Act (FCRA)
Consumer report: The term “consumer report” means any written, oral, or other
communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer's eligibility for:– (A) credit or insurance to be used primarily for personal,
family, or household purposes;– (B) employment purposes; or– (C) any other purpose authorized under section 604 [§ 1681b].
122
![Page 123: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/123.jpg)
Fair Credit Reporting Act (FCRA)
Consumer reporting agency:– The term “consumer reporting agency” means any
person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports.
123
![Page 124: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/124.jpg)
Fair Credit Reporting Act (FCRA)
Permissible purpose: In general. Subject to subsection (c), any consumer reporting agency may
furnish a consumer report under the following circumstances and no other: (2) In accordance with the written instructions of the consumer to whom it
relates. (3) To a person which it has reason to believe (A) intends to use the information in connection with a credit transaction
involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of the consumer; or
(B) intends to use the information for employment purposes; or (C) intends to use the information in connection with the underwriting of insurance involving the consumer; or
124
![Page 125: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/125.jpg)
Fair Credit Reporting Act (FCRA)
Permissible purpose:– Before an employer can get a consumer report
for employment purposes, they must notify the individual in writing - in a document consisting solely of this notice - that a report may be used. They must also get the person's written authorization before asking the provider for the report.
125
![Page 126: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/126.jpg)
Fair Credit Reporting Act (FCRA)
Employments purposes:–The term “employment purposes” when
used in connection with a consumer report means a report used for the purpose of evaluating a consumer for employment, promotion, reassignment or retention as an employee.
126
![Page 127: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/127.jpg)
Fair Credit Reporting Act (FCRA)
Adverse action:–Step 1: Before you take the adverse
action, the employer must give the individual a pre-adverse action disclosure that includes a copy of the individual's consumer report and a copy of "A Summary of Your Rights Under the Fair Credit Reporting Act."
127
![Page 128: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/128.jpg)
Fair Credit Reporting Act (FCRA)
Adverse action: Step 2: After you've taken an adverse action, the employer must give
the individual notice that the action has been taken in an adverse action notice. It must include:– The name, address and phone number of the CRA that supplied
the report;– A statement that the CRA who supplied the report did not make the
decision to take the adverse action and cannot give specific reasons for it; and
– A notice of the individual's right to dispute the accuracy or completeness of any information the agency furnished, and his or her right to an additional free consumer report from the agency directly upon request within 60 days.
128
![Page 129: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/129.jpg)
129
Don’t mess with the feds!
![Page 130: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/130.jpg)
130
![Page 131: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/131.jpg)
Fair Credit Reporting Act (FCRA)
131
![Page 132: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/132.jpg)
Business Income and Extra Expense
Coverage Options–Monthly limit: 1/3, 1/4, 1/6
Limits to 3, 4, or 6 months–Maximum period of indemnity
No time limit on recovery–Agreed value
Does not waive coinsurance
132
![Page 133: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/133.jpg)
Business Income and Extra Expense
Coverage Options–Business Income WITH Extra Expense–Business Income WITHOUT Extra
Expense–Extra Expense Only
133
![Page 134: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/134.jpg)
Business Income and Extra Expense
Coverage Options–Business Income WITH Extra Expense–Business Income WITHOUT Extra
Expense–Extra Expense Only
134
![Page 135: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/135.jpg)
Business Income and Extra Expense
Methods to Provide Coverage:–Coinsurance method
Business Income Worksheet neededLong, tedious formEven accountants don’t understand it!
135
![Page 136: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/136.jpg)
Business Income and Extra Expense
Methods to Provide Coverage:–Waiving coinsurance:
Maximum Period of Indemnity–Pays for a specific period of time–Ends when coverage runs out or $$
runs out…whichever comes FIRST
136
![Page 137: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/137.jpg)
Business Income and Extra Expense
Methods to Provide Coverage:–Waiving coinsurance:
Monthly Limit of Indemnity–1/3, 1/4, or 1/6 of the limit per month–Limited to the maximum amount per
MONTH–Pays until the $$ runs out
137
![Page 138: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/138.jpg)
Business Income and Extra Expense
Methods to Provide Coverage:–Waiving coinsurance:
Agreed Value–Worksheet needed–Insured and company agree on
values–Good for 1 year from the agreement
date
138
![Page 139: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/139.jpg)
BBQ Joints
139
![Page 140: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/140.jpg)
140
![Page 141: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/141.jpg)
141
![Page 142: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/142.jpg)
142
![Page 143: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/143.jpg)
143
![Page 144: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/144.jpg)
144
![Page 145: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/145.jpg)
145
![Page 146: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/146.jpg)
And The BBQ Winner Is…
146
![Page 147: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/147.jpg)
147
![Page 148: 1 “ Nightmares on Insurance Street” Presented by: The self proclaimed “FAIA Dream Team” David Thompson, CPCU, AAI aka “Dream Team 2” aka “Dream Team 2”](https://reader037.vdocuments.net/reader037/viewer/2022110210/56649e6f5503460f94b6d03b/html5/thumbnails/148.jpg)
148