As we explained in THIS EARLIER POST, Nevada obligates insurance companies that issue passenger car policies in the state to offer Uninsured / Underinsured Motorist coverage to its customers. See also NRS 687B.145(2). Insurance customers can reject UM / UIM coverage or reduce the limits of coverage to an amount less than the limits of the liability coverage. However, when a claim arises, if the insurance company cannot provide proof of the rejection / reduction via a signed form, the court … [Read more...]
Archives for June 2014
The Nevada Supreme Court Enforced An Oral Insurance Contract Based On A Handshake
June 6, 2014 by
Many dream of living back in the day when a man’s word was his bond and a handshake was enough to seal a deal. But even back then, was a handshake a good way to do business? Apparently not for Mr. Whitaker and Mr. Musgrave. Their tale is found in the reports of the Nevada Supreme Court, Truck Ins. Exch. v. Whitaker & Musgrave, 71 Nev. 1, 278 P.2d 277 (1955).The two became partners in the livestock business. Musgrave owned the local livestock auction in Fallon, Nevada. Whitaker owned … [Read more...]
