قالب وردپرس درنا توس
Home / Insurance / A video explaining latent defect and inherent vice exception

A video explaining latent defect and inherent vice exception



See the full video at https://youtu.be/fFhppjrhVMU [1965652] Cases that provide coverage despite an exclusion for latent defects usually fall into two categories. The Court finds either that:

  • the defect could have been detected by appropriate testing and is therefore not latent; or
  • the loss was due to an eligible risk.

"A policy will define latent defect" as "a hidden defect inherent in the material that existed at the time of the boat's original construction, which cannot be detected by standard observation or test methods." The word "inherent" requires that a latent defect is characteristic of or inherent in the material.The word "error" makes the exact opposite claim.It includes problems with a specific piece of material, but not problems that are characteristic of the material itself.In short, when the terms have a clear and reasonable meaning there can be nothing like an inherent deficiency. ”( Ardente v. Standard Fire Ins. Co. 744 F.3d 81

5 (1 st Cir. 2014))


© 2020 – Barry Zalma

Barry Zalma, Esq., CFE, now limits his practice to serving as an insurance consultant specializing in insurance coverage, insurance management, fraud and insurance fraud almost equally for insurance companies and policyholders. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance business. He is available at http://www.zalma.com and zalma@zalma.com.

Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.

For the past 52 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become insured.

Read posts from Barry Zalma on https://parler.com/profile/Zalma / posts

Go to Barry Zalma on YouTube- https://www.youtube.com / channel / UCysiZklEtxZsSF9DfC0Expg / [194459017] [1965] // zalma.com/blog/insurance-claims-library/

Subscribe to the email version of ZIFL, it's free! –

https://visitor.r20.constantcontact.com/manage/optin?v=001Gb86hroKqEYVdo-PWnMUkV7pkuOtkiv6oakpgK33CNlNAYW-WBlLCOZFtgvpSdcL7R-tsWKfMVqG6fEuvmM7Hh7gUEJ7yKOdgHDbGl_cGAU%3D

Read the last two questions by ZIFL here. https://zalma.com/zalmas-insurance-fraud-letter-2/

Go to the Barry Zalma, Inc. website here https://www.zalma.com/ [19659007] Listen to my podcast, Zalma on insurance, on:

https://podcasts.google.com/?q=zalma%20on%20insuranceZalma on Insurance –


Source link