The first notice of loss (FNOL) is a report that starts the process for you to receive aclaimsettlement. For example, if a thief steals your automobile, and you carrycomprehensiveinsurance, you can file a claim against your policy to help pay for a new ride. The first step in the claim...
It is important to carefully read the endorsement language, which may say that a loss adjustment expense is not intended to include the policyholder’s attorney fees and costs if an insurer denies coverage and a policyholder successfully sues the insurer. In this situation, where the insurance com...
There can also be other costs that are incidental to adjusting a claim. However, regardless of the individual, it’s always important to read the endorsement language of the policy. It will specify what may or may not be included. For example, it could say that a loss adjustment expense ...
lie against the Insurers unless, as a condition precedent thereto, the Insured shall have fully complied with all the terms of this Policy and unless commenced within fourteen (14) months from the date ofNotification of Loss, as required in Condition 19.UTILITY SAVINGS INSURANCE: ENDORSEMENT NO....
The policy shall include an endorsement naming Firstar Development, LLC as Additional Insured and, to the extent permitted under the Financing Documents, Loss Payee, and shall allow the Tax Credit Investor to be associated in the adjustment of any claim. ...