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Because of the considerable variations in related claims provisions, policyholders must consider the effect of related-claim provisions early on, whether that be during the initial placement of insurance or later renewals, non-renewals, cancellations or runoffs. Understanding the scope of related-claim provisions and how they work along with policy conditions, exclusions and other provisions, as well as state law, can minimize any surprises should a claim arise.
Property & Casualty
January 15, 2024, 11:00 PM