I m a g i n e   T h i s :

You own a small consulting firm. One of the employees has a meeting with one of the firm’s most important customers located across town. The employee decides to use his own personal car to get there. While en route to meet the customer, the employee runs a red light and injures a pedestrian crossing the street.

Unfortunately, the employee’s personal auto policy did not fully cover this loss. Luckily, you purchaseв the Select Auto CoveragePlus endorsement along with liability coverage for any auto under your current Travelers business auto policy. You can breathe easy because the endorsement includes the employee as an insured for liability coverage while usin

g a covered auto owned by that employee in your business. Travelers Select Accounts offers the Select Auto Coverage Plus endorsement for a base premium of $35.00 and an additional $18.00 per self-propelled auto on the policy. For New Jersey, a flat rate of $30.00 per self-propelled auto is applied. The coverages provided by this endorsement are available on policies with 50 or fewer self-propelled autos.* With such competitive and affordable pricing, it should be an easy decision for you to include this endorsement on your current business auto policy. See below for more valuable information about the coverages available with this new Select Auto CoveragePlus endorsement. *As of the date of this post, this new version of the form is currently not available in AK, CT, FL, HI, LA, MA, MI, NY, TX, VA and WY. Please contact us for the latest state approval updates.

• Adds the named insured’s employees as insureds while using a covered auto the named insured doesn’t own, hire or borrow, including a covered auto owned by that employee, in the named insured’s business or personal affairs. Increases the maximum payments for bail bonds up to $3,000 and reasonable expenses incurred by the insured up to $500 a day.
• Provides up to $50 per day to a maximum of $1,500 for temporary transportation expenses incurred by the named insured because of the total theft of a covered private passenger type auto.
• Under comprehensive coverage, provides up to $1,000 for loss to airbags in a covered auto owned by the named insured not intentionally inflated and not covered under a warranty.
• No deductible for a covered auto will apply to glass damage if the glass is repaired rather than replaced.
• In the event of the total theft of the named insured’s covered auto, provides up to $400 coverage for loss to personal effects owned by an insured and in the covered auto.
• In the event of a total loss of a covered private  passenger type auto for which physical damage coverage is provided by the policy, provides coverage for certain unpaid amounts due on the lease or loan of that auto. Such as the difference between the outstanding indebtedness on a loan/lease agreement on a vehicle and the actual cash value of the vehicle.
• Eliminates the maximum limit of $1,000 for loss to such permanently installed electronic equipment.
• Extends physical damage coverage to a hired auto that is a covered auto for liability coverage if the policy provides physical damage coverage for owned autos. The limit of coverage is $50,000 subject to the highest physical damage deductible on the policy.
• Eliminates the need to schedule this waiver for a specific person or organization.
• Reinforces that there is no need to specifically schedule certain persons or organizations as additional insureds where such is required in a written contract or agreement.
• Provided the policy includes liability and physical  damage coverage for hired autos, adds the named insured’s employees as insureds while operating an auto hired or rented under a contract or agreement in that employee’s name with the named insured’s permission while performing duties related to the business. Also makes hired auto physical damage coverage primary for such autos.
• Increases the load capacity of such trailers to up to 3,000 pounds.

This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.