Did Your Business Suffer a Loss Exceeding Your Coverage Limit?

November 4, 2013

Important Information

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At A Glance

This Alert Affects
Businesses with commercial property or liability insurance coverage.
Damages
Potentially, businesses which suffered a loss that exceeded the coverage limit shown in their insurance policy, and the insurance company therefore provided payment for only the coverage limit show in the policy, may have a claim for monetary damages.
Company(ies)
All commercial insurance companies
Additional Details
Allegedly, property or liability insurers will adjust a claim by applying the coverage amount shown on the declarations page of the policy when they should, under the terms of the policy, be applying a higher coverage amount.