Reservation of Rights Letters
As the responsible property owner you are, you obtained liability insurance and have paid your insurance premiums on time. As you’ve held up your end of the bargain, you expect your insurance to have your back when you become the object of a suit or liability claim. However, what do you do when you suddenly receive a reservation of rights letter stating several reasons why they will cover you due to certain events correlated to your policy? This blog will go over how a reservation of rights letter can affect you and what you should do if you receive one.