Insurance 101 – Chapter 16 Volume 13 – An Equitable Remedy

An Equitable Remedy

Insurers should use the remedy with care. If an insurer elects rescission without enough evidence, it can bring the wrath of the courts down on the insurer and may be the basis for allegations of extra-contractual torts. If sufficient evidence exists, the rescission remedy will deprive the insured of all rights under the policy.

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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