What if Comml liab policy 3 locations has ins policy 5 yrs within that 5 yrs sells 1 location 3yrs go by realizes still paying for ins on sold location does ins co have to go back 3yrs return premium?

In most states they only have to go back 2 years.

Answer

of course it is the insured's (your) responsibility to advise the company that the business was sold...i'm not sure they are bound to repay this .... of course i would go to whatever means where necessary to attempt to recover this....but not sure they are legally required to....most companies however will do their best to make you happy...three years though is a long long time.......

First answer by Mama lori. Last edit by Mama lori. Contributor trust: 328 [recommend contributor]. Question popularity: 9 [recommend question]