ERISA-governed insurance claims are subject to specific deadlines that claimants have to meet in order to protect their rights. Normally, the consequences of missing a deadline are draconian. For instance, appealing an ERISA claim denial even one day late can irrevocably waive the right to dispute the denial, no matter the reason for the delay. …
Continue reading ERISA Claim Deadlines Extended Due to COVID-19
Here are some updates in the fast-evolving COVID-19 insurance world: Washington State's insurance commissioner extended the deadline for insurers to file certain kinds of lawsuits over property insurance coverage. Most homeowners' insurance policies require any lawsuit against the insurer be filed within a certain length of time from the loss (often one year). Missing the …
Most homeowners insurance provides what's known as "replacement cost" coverage. Replacement cost coverage varies from policy to policy, but generally provides that the insurance company will pay to repair or replace damaged portions of the home with materials of the same or similar quality that existed before the loss. This coverage basically provides the insurer …
Most homeowner's insurance policies include coverage protecting the policyholders from certain kinds of lawsuits. For example, many policies provide that, if the policyholder gets sued for "personal injury" claims, the insurance company will pay for lawyers to defend the policyholder in court. This liability coverage is an important part of most homeowners insurance policies. Determining …
The COVID-19 pandemic is causing many types of insurance questions. Below is an FAQ on some insurance issues people may be dealing with during the pandemic. As always, it's important to keep in mind that the specific facts and insurance policy language will vary from case to case. An FAQ can't take the place of …
