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Insurer’s Consent to Settlement

This clause means a policyholder must get written consent from the insurer before admitting fault or agreeing to settle a claim. It lets the insurer manage the negotiations and control the costs involved. If a tradie pays a client directly for damage without approval first, the insurer may decline to pay that cost back later on.

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This clause means a policyholder must get written consent from the insurer before admitting fault or agreeing to settle a claim. It lets the insurer manage the negotiations and control the costs involved. If a tradie pays a client directly for damage without approval first, the insurer may decline to pay that cost back later on.

Related Term

All Category

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