Was His Truck Stolen or Borrowed?
I got a call from a bank the other day. Seems their truck is missing. They called their customer to see if and when she was going to make a payment, and she said the truck is gone.
Asked what happened, she said her driver has it somewhere and isnâ€™t calling her back.
Usually, we laugh this off as â€œa driver gone rogueâ€ because it only lasts 2 or 3 days until they come to their senses that they canâ€™t make their great escape in the stolen straight truck.
This one is more serious because apparently heâ€™s gone missing over 2 weeks now. The bank canâ€™t reach her driver, so they contacted me to see if they could turn in a claim.
As the Lienholder/Loss Payee and Additional Insured, they can indeed turn in a claim as they have first dollar rights to the insurance policy.
So Iâ€™ll keep you posted on the â€œrogue driverâ€.
Risky Business Moral: Watch who you give your keys toâ€¦they might like the truck more than you do.
Commercial Insurance Solutions, Inc.