CLAIM CONTROL CLAUSE
- Sunday, December 29, 2013, 14:55
- C-Clauses, Fire Insurance, Property All Risks (PAR)
- 2 comments
CLAIM CONTROL CLAUSE
Notwithstanding anything to the contrary herein:
1. The leader insurer shall upon knowledge of any loss or losses which may give raise to a claim under this policy, immediately advice the member of insurer in writing. Should the potential loss be US$5,000.- or greater, such notification shall be by facsimile.
2. The leader shall furnish the members all information available with respect to such or losses and The members shall not be obligated but shall be given the right to appoint adjusters, investigators, assessors, surveyors, experts and lawyers and control all negotiations, adjustments, settlements and the defense of any lawsuit in connection with such loss or losses.
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