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Changes in Vehicular Insurance Exclusion Clauses Based on Recent Legislation

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Following article (in both English and Spanish) was extracted from the 8-14 June 2017 issue of The Visitor / El Visitante, page 23.


Vehicle-Insurance-edited-English.jpg

 

Vehicle-Insurance-edited-Spanish.jpg

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Can someone help me understand the bottom line here? On the surface this sounds like it is good news for consumers (policy holders), but then at my age I have learned to be cautious (at times skeptical).

Yes, I do intend to discuss with our insurance agent.

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Auto insurance policies previously had "exclusions", clauses which nullified coverage in cases where, among others,

  • the operator did not have a valid License
  • the driver was intoxicated
  • late payments on the policy

Insurers will now be unable to deny coverage in those situations. This has to mean premium increases. 

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I agree with Keith. If the insurance company can no longer deny coverage to holders who violate the terms of the contract, the premiums for all of us will rise.

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22 hours ago, Bud said:

Can someone help me understand the bottom line here? On the surface this sounds like it is good news for consumers (policy holders), but then at my age I have learned to be cautious (at times skeptical).

Yes, I do intend to discuss with our insurance agent.

Our insurance agent has reviewed our situation, and responded:

Quote

This will not affect you at all.  You do not need to worry about it.

 

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