Most insurance policies contain a contractual provision that sets forth the time frame in which the insured must commence suit should a dispute arise concerning the policy. In many instances, these limitation provisions provide that the insured must file suit no later than one year after the date of the loss.
Continue Reading It took my carrier almost a year to make their coverage determination, and now I am being told that the one-year limitations period under the policy ends in a few days. Is that right?
Nevada
Claim Handling Requirements by State – Nevada
By Julitza Perez on
Posted in Insurance
The State of Nevada is known as the “Silver State” for its large silver mine industries, but it is also popular for the casinos in its largest city, Las Vegas. For property policyholders in Nevada it is important to know that the state provides statutes that protect and guide insureds during the claim handling process.
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Calculating Actual Cash Value, Part 28: Nevada
By Shane Smith on
Posted in Insurance
There are two relevant cases that have addressed how to calculate actual cash value in Nevada: Replacement Cost Less Depreciation.
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Insurable Interests Defined: A Blog Series – Episode Six, Nevada
By Merlin Law Group on
Posted in Insurance
As I write this post, I’m on a flight to Las Vegas, Nevada, for a Merlin Law Group seminar. I’ve been to Nevada before on several occasions, but this will be the first time to Las Vegas! It seems only fitting that in this episode we’re traveling to Nevada, the Silver State, to define insurable interest.…
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Rocky Mountain Public Adjuster Conference Set for March 13, 2015
By Merlin Law Group on
Posted in Insurance
The Rocky Mountain Association of Public Insurance Adjusters (RMAPIA) is having an educational conference approved for Colorado and Idaho CE credit (pending credit in Montana, Utah and Wyoming). It will be held at The University Club in Denver.…
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Statute of Limitations for an Insurance Bad Faith Case in Nevada
Posted on
Posted in Insurance
I recently received a call from a policyholder in Nevada who inquired about the statute of limitations for an insurance bad faith case in that state. As some of us have come to know, there are differences among the various states as to the time limitations by which one can bring an action against an insurance company for bad faith.…
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