from Canal
I am surprised how few people can actually explain the difference. Why would an agent ever sell specified perils when comprehensive is available? Plus there is an E & O exposure selling specified perils coverage.
So what is the difference. In specified perils, only the losses S-P-E-C-I-F-I-E-D are covered. Well that is pretty easy. So what is not covered that would be covered in a comprehensive policy?
*larceny
*glass breakage
*contact with a bird or animal ( how about a deer)
*riot or civil commotion
*substances in tanker that contaminate the trailer
*tanker acid leak that causes damage to the framer or tires
*cargo leaking into the trailer that had to be cleaned
*acid rain damaging the trucks paint
*implosion
*oder from a dead animal in the truck cab
*vermin eating the seats
While some of these types of losses are very far fetched, some are not and if you think a trucker is going to understand if his loss is not covered, I would be surprised.
Sell coverage that is available.
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