Insurance 101 – Chapter 9 – Volume 12 – The “Loss in Progress” Rule – 5

The “Loss in Progress” Rule – 5

In most situations dealing with third party insurance claims the issue is when the damage occurred, whether it manifested itself or not. The loss in progress rule works in third party cases only when the insurer can prove that the insured knew the loss was in progress before the policy was acquired and it would prejudice the rights of the insurer if it was held to pay to defend or indemnify the insured.

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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