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Policyholders Beware: Wrap Exclusions Will Be Broadly Interpreted

A Florida court recently denied a policyholder’s attempt to distinguish between a named insured and an additional insured in order to simultaneously obtain coverage and escape from an OCIP exclusion.

This case presents a cautionary tale for additional insureds because absent some ambiguity within an insurance policy, a court will enforce the literal language of the policy.

Click here to read the case alert.

 

Oct 27, 2016
Afua S. Akoto

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