Insurance RestrictionsIn the past few years, one-time Disney star Lindsay Lohan has had a lot of trouble driving without incident. As such, she’s become pretty high risk in the eyes of the insurance companies. On her most recent movie set, the insurance company temporarily insuring her for the movie stipulated that in order to be covered, she must not drive during the months and weeks that she was working on the film. Unfortunately, she did not comply with this rule and—after getting behind the wheel of a rented Porsche—had yet another incident.

Luckily for Lohan and the movie company, the insurer did not cancel her policy, but because she was out of compliance with the stipulations and conditions of the policy, they certainly could have. It’s never a good idea for you to push the boundaries of your insurance coverage and test the limits of the insurance company’s patience. Instead, it’s best to have a full understanding of the stipulations and conditions in your policy, which can include things like:

  • A liability insurance policy might require a certain course of action in specific situations.
  • A home insurance policy may state that it is for a primary residence only, meaning that you can’t use it for a property that you rent out.
  • An auto policy might stipulate that it’s for personal use—which makes using it for commercial purposes completely uncovered.
  • All insurance policies can stipulate that the insured is not to hide any details of the claims from the insurer or otherwise commit fraud.
  • A health policy could stipulate that a pre-existing health condition is not covered.
  • An auto insurance policy may stipulate that unlicensed drivers are not covered.

The key to understanding the conditions and stipulations of your Colorado insurance policy is to actually read them. If you want to discuss how your policies work and any specific conditions that you’re concerned about, give us a call at Premier Group Insurance today.

Posted 1:24 PM

Share |

No Comments

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2018
  • 2013
  • 2012
  • 2011
  • 2010

View Mobile Version
Quick Links
Home Page Get A Quote Find An Agent My Policy Resources Become An Agent Blog About Us Contact Us PGI Tax Program

Also serving the following cities of Colorado: Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Pueblo, Arvada, Westminster & Centennial.

Site Footer

Home | Colorado Car Insurance | Get a Quick Quote | Contact | Blog
Agent Secure Access - Log in
Toll Free: 877-430-0092
Office: 720-457-1101

Youtube Facebook Twitter LinkedIn RSS Blog Feed Become an Agent Find an Agent Home Insurance Car Insurance Business & Commercial Insurance