Insurance 101 – Chapter 4 – Volume 23 -Exclusions

Exclusions

A loss must not be the result of the fraud or misconduct of the insured. Common sense requires that where an insured has caused or procured a loss, it cannot be an accidental or “fortuitous” occurrence. In such a case recovery must be refused. In some states, like California, a statute prohibits insurance of intentional acts (California Insurance Code §  533). It should be axiomatic that to pay for an intentional loss defeats the purpose of insurance.

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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