Determining Policy Limits     

 

 

Chapter 13

Determining Coverage and Obtaining Policy Limits

[A] Know When Not to Demand Policy Limits

1. Don't Demand Policy Limits Unconditionally if Damages Exceed Minimal Limits
2. Sample: Paragraphs Regarding Conditional Acceptance of Policy Limits
3. Documenting the Assets of the Defendant
4. Sample : Affidavit for Determining Assets
5. Communicate With Client and Obtain Consent Settlement
6. Sample: Letter to Client Regarding Acceptance of Policy Limits
7. Sample: Letter to Client Confirming Settlement and Client's Approval
8. Review Underinsured Motorist Coverage
9. Sample Form to Secure Written Consent of underinsured Motorist Carrier

[B] Obtaining the Tortfeasor 's Policy Limits

1. Checklist for Settlement Demand
2. Meeting the adjuster
3. Using Client's Uninsured Motorist Policy When Coverage is Excluded under the Tortfeasor's Liability Policy as an Intentional ACT

[C] Persuading The insurance Carrier to Reveal Policy Limits

a) Reasons Why Insurance Companies Don't Usually Reveal Policy Limits

1. Devices for Persuading Adjusters to Reveal Policy Limits

[D] Coercing Insurance Companies to Pay Policy Limits

Sample: Letter Regarding Approval of Acceptance of Tortfeasor's policy Limits

[E] Policy Limits and Structured Settlements

Sample Letter Verifying that Cost of structured Settlement is equal to policy Limits

[G] Checklist: Avoiding Malpractice Relating to Acceptance of Policy Limits

*****Lecture seminar for this course is 1.0 hours for Continuing Education (CE) This course  provides the adjuster with inside information relating  to attorneys weakness and attorneys strategies  use to obtain policy limits from Insurance Companies .  This is an essential  course for adjusters to know during the stages of negotiations.  Course study for a Professional Designation  requires 3 hours study time.