GarageKeepers

    Posted by MAIA on May 22, 2020 12:00:00 AM

    This question was answered based upon current rules, regulations & statutes in effect on May 13, 2020
     
    QUESTION

    Carrier added a form MM9920 to a Garagekeepers policy and they won't remove it. Is this form mandatory?

    Thank you

    ANSWER

    Irene Morrill:  No it is not “mandatory” and if this is a ceded risk they have to take it off if requested.

    If it is a voluntary risk …it could be the carrier’s requirement …in which case, I’d find another carrier.

    Agent: Thanks for your help on this.  After some push back from carrier, they finally agreed to remove the MM9920. 

    You are the best!    Take care!

    Irene Morrill: No, YOU are the best.  That is a horrid little endorsement that can have unwanted consequences when there is non-employment related use.

    I don’t believe the consumer CERTIFIES that the vehicles will NEVER be used other than employment related …and then a miniscule credit becomes an $8,000 bill

    When I talk about “value-added” service that agencies perform for clients …THIS IS ONE OF THEM. You review policies and determine what is necessary or not and then you fight for your clients.  Unfortunately, not all agents do this …

    This document is not a legal opinion and should not be relied upon as such. The intent of this document is to provide a general background regarding the topic or topics discussed, not to provide legal advice. Producers and agencies should consult an attorney regarding specific situations and specific questions with respect to the topic or topics covered in this document. Neither the Massachusetts Association of Insurance Agents, Number One Insurance Agency nor any of its employees shall be responsible for any errors or omissions regarding any statements made in this document, nor any errors or omissions regarding any statutes, regulations, court rules, and/or any other government documents cited in this document.

    Topics: Registry, 2020

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