What is the function of a Non-waiver Agreement in an insurance claim investigation?

The function of a Non-waiver Agreement in an insurance claim investigation is to allow the insurer to investigate a claim without relinquishing any rights under the insurance policy. When an insurer enters into a Non-waiver Agreement, it is essentially reserving its rights to deny the claim based on the policy provisions while still conducting an investigation. This agreement is crucial in situations where there may be uncertainties regarding coverage or alleged liability, as it enables the insurance company to gather necessary information without losing its ability to contest the claim later if the findings warrant it. This is important for both parties because it ensures that the insured's interests are considered while protecting the insurer's rights to make coverage determinations based on the results of the investigation.

In contrast, the other options misrepresent the purpose of the Non-waiver Agreement. For instance, expediting the claims process without thorough investigation overlooks the need for detailed examination and fail to acknowledge the insurer's careful balancing of rights. Confirming the insured's eligibility for coverage is a more definitive outcome rather than a function of the Non-waiver Agreement, which mainly focuses on the investigation process itself. Lastly, waiving all rights to future claims is directly opposed to the purpose of the Non-waiver Agreement, which aims to preserve the insurer