Search CompleteMarkets

...diligence, or to test the coverage waters, not because they expect that the lo...urer is reserving rights on specious grounds, consider a suit rooted in breach...

... of the changes do not affect coverage, but clarify policy wording. Those include the definition of "insured", the deductible provision and the "perils insured against" wording. In addition, some recent court decisions influenced changes in the areas of Collapse Coverage and Water Damage. These policy provisions have added wording to communicate the intent of the coverage more clearly and to eliminate any ambiguity. Here are some other changes: Changes that Reduce Coverage • &# 160Personal Property Located in Self-storage Facilities There's a 10% limit for personal ... exclusion does not apply to "bodily injury" resulting from the use of reasonable force by an "insured" to protect persons or property. The exception now includes coverage not only for "bodily injury" in such a case, but "property damage" as well. • &# 160Controlled Substance The liability exclusion for loss resulting from the use, sale, manufacture, delivery, transfer, or possession of a controlled substance had an exception for the legitimate use of prescription drugs by a person following the orders of a licensed ... physician" . Recognizing that dentists, nurse practitioners, and other health care professionals also have the legal right to prescribe drugs, ISO changed the wording to "following the lawful orders of a licensed health care professional" . Good News, Bad News Some of the policy changes, while reducing coverage in one way, broadened coverage in another. The most significant of these include: • &# 160Electronic Equipment Limits The Electronic Equipment coverage has been amended in response to agents' concerns about a possible gap of coverage between the Homeowner ...