Statute of limitations frees broker from faulty insurance claims
The 3rd District Appellate Court recently held that for statute of limitations purposes, an insured’s action against a broker for failure to procure proper insurance accrues at the time the insured receives a copy of the policy, at least where the alleged inadequacy goes to the coverage limits unambiguously stated in the declarations.The plaintiffs in RVP LLC v. Advantage Insurance Services, 2017 IL App (3d) 160276 …
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