Articles Posted in Rights to Coverage

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In what resembles a kabuki dance of sorts, insurers often fire off reservation of rights letters as an automatic response to any and all claims-related correspondence. A policyholder sends notice of circumstances that could give rise to a claim? Reservation of rights. A policyholder requests defense coverage? Reservation of rights.Dance-steps A policyholder requests consent to settle with the underlying claimant? Reservation of rights.

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Certificates of insurance (a.k.a COIs) are used in contract relationships all the time. COIs give details of the insurance policies held by a contracting party as of a certain date.  They usually include information such as the policy number, the name of the insurance company, the type of insurance, the limits of liability, theMagnifying-contract name of the policyholder, and a list of any additional insureds.  While the information in COIs may be important for you to understand when you are entering into a contract, what may be even more important for you to understand are their limits. Continue reading →