Warranty Letters—Extra Protection or Insurer Loophole?

Lowenstein Sandler LLP
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In this episode, Lynda A. Bennett and Eric Jesse examine the topic of warranty letters, through which insurers seek an affirmative representation that the insured is not aware of facts or circumstances that may reasonably give rise to a claim. Lynda and Eric discuss how they differ from insurance policy applications and no claim declarations, why it is so important to review them carefully before committing, and the importance of policyholders negotiating the wording or even the overall necessity of the warranty letter. See more +
In this episode, Lynda A. Bennett and Eric Jesse examine the topic of warranty letters, through which insurers seek an affirmative representation that the insured is not aware of facts or circumstances that may reasonably give rise to a claim. Lynda and Eric discuss how they differ from insurance policy applications and no claim declarations, why it is so important to review them carefully before committing, and the importance of policyholders negotiating the wording or even the overall necessity of the warranty letter.

Speakers:

Lynda A. Bennett, Partner and Chair, Insurance Recovery

Eric Jesse, Partner, Insurance Recovery

Subscribe to Lowenstein Sandler’s Insurance Recovery Podcast: Don’t Take No for an Answer via Apple Podcasts/iTunes, Google Podcasts, Pandora, SoundCloud, Spotify, and YouTube. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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