A note from John Manning:
We are witnessing trends with Brokers being Surprised that Exclusionary Endorsements or Special Exclusionary Wording are included in their policy portfolios. These are negatively impacting claims coverage.
It is imperative when New Policies are Bound or Renewed, the Declarations Pages and All Endorsements are carefully reviewed to make sure they are appropriate for your clients Risks.
All too often theses endorsements are included to lower premiums, but the downside they reduce coverage… So in other words, you get what you pay for. So be careful not to be blinded by the quote, but refocus and review the coverages.
