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Claims made and reported insurance policies

Some claims-made policies specify an extra requirement that the claim must be made by the plaintiff against the insured within the policy period, but also that the claim must be reported by the insured to the insurer within the policy period. This can create problems for insureds if the claim is made against them shortly before the end of the policy period:
 
Another type of restriction of coverage in "claims-made" and hybrid policies is found in what are referred to as "claims made and reported" policies.  Coverage under such policies applies only to claims which are both made of the insured and reported to the insurer during the policy period.  This type of policy creates obvious problems for insureds regarding claims discovered and/or made by third parties just before the expiry of their coverage.
(Reid Crowther & Partners Ltd. v. Simcoe & Erie General Insurance Co., [1993] 1 SCR 252).

 

 
This book was written by Michael Dew, a Vancouver lawyer who practices civil litigation, including representing persons who have been denied coverage under property insurance policies, or liability insurance policies. If you have been denied insurance coverage and require assistance with making a claim against your insurer call Michael at 604 895 3160.