Encino, Calif.-based has a new insurance coverage that will pay a business’ legal expenses to contest denial of coverage by an insurance company.
NAS’ Claims Dispute Insurance allows insureds to select attorneys from a panel of insurance specialists to determine if the insured has a reasonable probability of success. If so, the company will provide up to $250,000 for legal expenses to contest the claim denial. If it is determined that the insured does not have a reasonable probability of success, the insurance limit is still available to contest the denial, subject to a 50 percent co-payment.
Claims regarding worker’s compensation, medical insurance and some others are not covered by the insurance.
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