Originally published by Phillip Sanov.
As part of a larger discussion with public adjusters addressing fresh perspectives on claim presentation a few weeks ago, my colleague Mike Poli revealed a perfect tool to make certain policy provisions remain understood: D.I.C.E. (Declarations Page. Insuring Agreement. Conditions. Exclusions).
For those not involved in the discussion, here are some points Mike tackled regarding using D.I.C.E. to prepare your client’s claim.
DECLARATIONS PAGE
While we must read the entire policy to make certain we know all provisions, we start with the Declarations Page. We’ll find important provisions summarized there, along with highlights to review in the policy itself. The Declaration Page is usually the first part of an insurance policy. It identifies who is an insured, what risks or property are covered, the policy limits, and the policy period (i.e., time the policy is in force).
INSURING AGREEMENT
The Insuring Agreement summarizes the carrier’s major promises. The…
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