UNINSURED LOSSES

Question 1

WHAT ARE UNINSURED LOSSES

Answer 1

LOSSES WHEN THE VEHICLE HAS NOT BEEN ON RENT

Question 2

4 MAIN TYPES OF UNINSURED LOSSES?

Answer 2

-EMPLOYEE ACCIDENTS
-UNDOC DAMAGE
-CONVERSION AND OTHER
-EMPLOYEE LIABILITY

Question 3

WHAT TIME SCALE ARE THEY PAID

Answer 3

ONE MONTH HIT

Question 4

HOW IS EMPLOYEE PHYSICAL DAMAGE EXPENSED?

Answer 4

BRANCH: UP TO £1600 OR 3200 NO ONE IS SURE
AREA: UP TO £6400
GROUP: THE REST

Question 5

HOW IS EMPLOYEE LIABILITY EXPENSED?

Answer 5

BRANCH: UP TO £3200
AREA: UP TO £6400
GROUP:UP TO £16,000
DR LIABILITY: UP TO £5MILLION
INURANCE: £5MILLION+

Question 6

HOW IS CONVERSION AND OTHER EXPENSED?

Answer 6

BRANCH: UP TO £1600
AREA: UP TO £6400
GROUP: THE REST
(IF THIS IS DUE TO NEGLECT THE THE BRANCH SOLELY PAYS THE FULL COST IN 1 MONTH)

FOR CONVERSION IF NON-FAULT THEN FULL AMOUNT GOES TO PD LOSSES AND NOT UNINSURED, IF AT FAULT ITS 1 MONTH HIT IN UNINSURED

Question 7

HOW IS UNDOC EXPENSED?

Answer 7

BRANCH: FULL COST IN 1 MONTH

Question 8

How do u reduce employee liability?

Answer 8

FNOL ASAP
safe driving

Question 9

How do u reduce employee physical damage?

Answer 9

-safe driving
-tyres and tarmac
- defensive driving
- buddy system

Question 10

How to reduce UNDOC

Answer 10

B2B properly
Do lot checks
Follow procedures e.g 1 way process

Question 11

What is other in conversion and other

Answer 11

Lot damage

Question 12

How do u reduce conversion and other?

Answer 12

Safe driving, proper underwriting, off feeling about customer etc.