Insurance 101 – Chapter 9 – Volume 36 – When the Limitation Period Starts

When the Limitation Period Starts

It should be clear to everyone reading the history of the judicial interpretation of private limitation of action provisions in insurance contracts, that such provisions serve an important purpose that is  worthy of enforcement. Because of fear of extra-contractual lawsuits and the confusion brought about by the ambiguous Zurn decision, some  insurers incorrectly ignored the clear meaning of the policy and the interpretation of the private limitation of action provision of the policies by the courts.

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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