ntbktrader
Expert
- 88
Been in insurance for a while and this is the first time I've come across this. Lady calls me and tells me she wants liability only, I ask the vehicle info and ask if it has a loan on it, it does have a loan so I explain that the loan company will require comp/collision coverage. She tells me the auto dealer gave her comp/collision coverage and told her she just needs the liability portion. I call the dealer and they say that is correct, she has CPI (forced placed credit protection insurance) she just needs the liability. I've seen forced place insurance after they don't pay their insurance bill but not when they first purchase the vehicle? Anyhow, that's new to me and I don't really want to write liab only on a vehicle I know has a loan on it...
Any thoughts/advice?
Any thoughts/advice?