Insurance 101 – Volume 42 – The Suit Provision

The Suit Provision

The “suit” provision of a policy limits when the insured can sue the insurer and creates a private limitation of action different than statutory limits. It requires that the insured first comply with all the terms of the policy before he or she can bring suit.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library.

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

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