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For instance, if the insurer believes that clean, welllit premises lead to fewer losses, and you have a clean, welllit plant, the insurer can offer you a discount on your premium. The maximum discount or surcharge allowed is ±35% in 1999. The limit will be ±25% effective 1/1/2000.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.