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    Commercial Auto WOD

    Posted by MAIA on Jul 17, 2019 8:23:24 AM

    QUESTION

    This question was answered based upon current rules, regulations & statutes in effect on July 15, 2019

    I’m just wondering if you can point me in the right direction for someone to speak with regarding “Waiver of Deductible” endorsement on The MA Commercial Auto Policy.

    We’ve been having difficulty with one of our carriers regarding the Purchased Waiver of Deductible Endorsement , and refusing to release deductibles on not at fault accidents.

    It’s been an issue with a few claims with this carrier – just looking to get some insight.

    Thanks!  

    ANSWER

    Irene Morrill:  Whether MAP or BAP …the WOD is the WOD …

    Unfortunately, some carriers think it is a way just to get more premium and do nothing.  That is NOT what WOD is for …it is “up front” money for immediate full claim payment …

    See attached article I did a few years ago.  Too many newer companies in MA … I don’t suppose this is Progressive?

    Also, too many inexperienced claims adjusters … WOD isn’t taught in usual auto classes as it only applies in a couple of states in USA.

    Your insured can make a consumer complaint if you can’t get the company to “see the light”

     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: commercial auto, 2019

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