Make A Payment Claims Contact Us Carriers Services About Us Home Page Home Page Click to Call Contact UsSalzberg Insurance Agency

Insurance PolicyOnce a claim has been submitted to an insurance company, the insurance company has the responsibility to either pay or deny the claim and to do one of the above in a prompt manner.  But, not all of the details of the claim may originally be evident; therefore the insurance company may not be in a position to determine whether or not coverage applies under the policy.  Thus the reason the insurance company sends a Reservations of Rights letter.  The letter allows the insurance company to maintain their investigation, without prejudice, by allowing them to postpone their decision of whether or not to provide coverage, therefore retaining their rights.

A Reservation of Rights letter does not, however, give an insurer an unrestricted time period.  They are still on the clock and will at some point have to acknowledge whether or not coverage exists.  To defer their decision too long could give a court the means to determine the insurer is estopped, meaning they cannot raise defenses in the future because of their inaction.  If a practical amount of time has elapsed since you received a Reservations of Rights letter and the insurer still has not made their position clear, we recommend you inform the insurer in writing that you are entitled to a definitive answer as to whether or not coverage exists.

Learn more about how this affects your Norfolk Car Insurance claims with Salzberg Insurance Agency today!

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Our Contact Info

Salzberg Insurance Agency
249 East Little Creek Rd.
Norfolk, VA 23505-0649

Local: (757) 583-1828
Fax: (757) 587-7735
info@salzberginsurance.com
Monday - Friday 9am - 5pm
Blank Linked In Facebook Twitter RSS
Five Star Professional