Insurance 101 – Chapter 8 – Volume 61 – Equitable Tolling – 2

Equitable Tolling – 2

It is axiomatic that the law abhors forfeitures, and the private limitation of action provision in the policy works a forfeiture on the less than diligent insured. It is a legitimate and understandable forfeiture, however, that makes logical sense. It is not, as lawyers for insureds would have the courts believe, a trap for the unwary, but rather a door closed on the slothful.

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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