Disclaimer

What Does Disclaimer Mean?

A disclaimer is a statement that denies, rejects, or renounces a claim or responsibility. It may include a warning or outline of the rights and obligations of the parties involved in a contract.

In the context of insurance, a disclaimer is a legal statement that sets boundaries on the responsibilities of an insurance agent or insurance company when providing information about a policy. This can reduce or, in some cases, eliminate legal liability.

Insuranceopedia Explains Disclaimer

Disclaimers are typically found at the beginning or end of a contract. They provide a clear statement about the responsibilities and liabilities of the issuer. In an insurance contract, a disclaimer often outlines limitations regarding two key areas: the rights of the policyholder and the responsibilities of the insurance agent or insurer.

A disclaimer may also include information such as the possibility of changes to the terms and conditions without prior notice, clarification that a quote is not an offer but merely an estimate, and the fact that the policy price or premium is not final.

Anyone signing a contract that includes disclaimers should read and understand them carefully before signing. Failing to do so may allow the insurer to release itself from liability.