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VIDEO · 18 OCTOBER 2023

Three Negotiation Tips For Policy Renewal (Video)

Lowenstein Sandler LLP
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Eric Jesse, partner in Lowenstein Sandler's Insurance Recovery Group, explains how policyholders can request changes to their policies with modifications...

United StatesInsurance
Eric Jesse
Eric Jesse

Eric Jesse, partner in Lowenstein Sandler's Insurance Recovery Group, explains how policyholders can request changes to their policies with modifications to lead-in language, removal of ADR clauses, and revisions to standard exclusion clauses.

Speakers:

Eric Jesse, Partner, Insurance Recovery

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Eric Jesse: Hi, I'm Eric Jesse, partner in Lowenstein Sandler's Insurance Recovery Group, and welcome to "In the Know."

Businesses placing new coverage, or renewing existing coverage lines, sometimes assume that they cannot negotiate the terms and conditions in their policies. However, insurers will often agree to modify policy language, sometimes with no increase in premiums—sometimes, all you have to do is ask. And so today, we will discuss three modifications that the policyholders should request during the renewal or when placing new coverage.

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