Special Coverage Features

Special coverage features may include the following:

  • The Preferred Program has a liberal settlement provision that requires an insured’s consent to settle any claim.  The policy does not have the traditional “hammer" clause.

  • The Alternative Program’s settlement provisions dictate that the policyholder must give consent to settle any claim. Medmarc's philosophy is to work with the insured to reach a mutually acceptable disposition of each claim.

  • Claims expense in addition to the policy limit is available.

  • Loss-only deductibles are available.

  • Aggregate deductibles are available.

  • Deductible payments are partially reimbursed if mediation is utilized.

  • An extended reporting period (ERP) in the event of death or permanent disability is provided free of charge.

  • Non-practicing ERP is available if the named insured retires at any age. The premium is waived if you have been insured by the Company for three consecutive years (Preferred Program Only).
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    Many additional special coverage features are included in the policyform.