I work in the commercial auto industry and have seen significant increase in rental spending with the shortage of vehicles. I see companies place large vehicle orders to keep up with demand and use rentals for several months.
I recently was told by a client that a rental branch told them rewriting the rental contract every 30 days, ensures the commercial auto policy provides coverage. That client had an annual rental spend of $1.2M.
Is anyone seeing carriers deny claims for long term rentals if the insured didn’t request them to be scheduled on the policy?
I recently was told by a client that a rental branch told them rewriting the rental contract every 30 days, ensures the commercial auto policy provides coverage. That client had an annual rental spend of $1.2M.
Is anyone seeing carriers deny claims for long term rentals if the insured didn’t request them to be scheduled on the policy?