Add Deferment Update

Image of a keyboard with a button that reads make a changeThe 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