Quote:
Originally posted by LXAAlum
Well, in reading some headlines about the lawsuits and charges against fraternities on many different campuses, you'd think the undergraduates would get the message:
Yes, you are insured, but only IF you follow the guidelines (in other words, the RULES) established by your national organization, campus, and chapter by-laws. If it can be proved you knew you were violating rules, and chose to do so anyways, then the insurance WILL NOT APPLY if you have any damages.
Insurance is NOT a "catch-all" and safety net. You can be in serious trouble if the insurance company decides not to underwrite a claim.
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As as underwriter, truer words were never spoken and it never ceases to amaze me how many people with insurance don't understand that when you violate the terms of the policy (by doing something that isn't covered) you aren't covered.