May
11
2017
The Three Trade Rule for Overhead & Profit (O&P): How Some Insurance Companies Interpret it to Their Advantage
The Three Trade Rule commonly governs when insurance companies will pay O&P for property damage claims. Though widely used, this Rule hasn’t been codified or standardized. That means that: Insurance companies have room to interpret this rule as they see fit. Insurance companies will look for ways to bend this rule to their benefit, using […]