Nov 24, 2016 Locked Vehicle Warranty

Twice over the last couple of months, we have had clients vans, trucks or trailers broken in to and tools stolen. Well, “Broken in to” is a relative term and one that can have big implications in an insurance claim settlement. You see, many business insurance and contractors’ insurance policies have a warranty in the policy, called the “Locked Vehicle Warranty”. A warranty is something that is very important to pay attention to in an insurance policy because it can void your coverage if it is not followed. So, for example, the locked vehicle warranty in one of our insurance companies’ policy reads as such: “Locked Vehicle Warranty : This clause does not apply to property which is under the control of a…

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