Add Deferment Update
The Deferment Reason drop-down options when adding a deferment have changed to:
- Pending Coverage Investigation
- Pending Litigation
- Policy Limits Issue
- Tolling Statute
The “Pending Salvage” option has been removed. A responder is not to defer a filing due to pending salvage on its total loss. The responder is to submit its response to the filing, and then submit its damages after a liability decision has been rendered on the initial filing (assuming recovery is permitted).
Article published in: November 2019 E-Bulletin