KnightBrook Insurance Company
4751 Wilshire Blvd, Los Angeles, CA 90010 888-333-8198
TERMS OF PROTECTION
VERMONT AMENDATORY ENDORSEMENT
The Changes to your terms of protection and We may stop your protection provisions are deleted and replaced with the following:
Changes to your terms of protection
WE may change the premium, benefits, terms, and/or exclusions of YOUR TERMS OF PROTECTION by giving YOU at least forty-five (45) days’ notice. This notice will explain OUR reasons for making the changes and will be emailed to YOUR nominated email address in YOUR Trōv application.
If YOU do not wish to accept these changes to YOUR TERMS OF PROTECTION, YOU may CANCEL YOUR TERMS OF PROTECTION before the changes take effect by TURNING OFF PROTECTION for the PROTECTED ITEM via the Trōv application. If YOU do not CANCEL YOUR TERMS OF PROTECTION within the notice period, YOU will be bound by the changes, although YOU may CANCEL YOUR PROTECTION at any time after that.
We may stop your protection
Should YOU fail to make YOUR payment when due, WE will email YOU and notify YOU that payment has not been received and tell YOU that we will CANCEL YOUR TERMS OF PROTECTION if payment is not received within fifteen (15) calendar days of this notice. WE will re-attempt to charge YOUR debit or credit card on file on the eighth (8th) day of the calendar month. If OUR attempt is rejected, WE will re-attempt charging the card on the sixteenth (16th) day of the calendar month. If OUR attempt is rejected on the sixteenth (16th) calendar day following this notice, we will CANCEL YOUR TERMS OF PROTECTION from the start of that month. If we cancel, WE will notify YOU by email to confirm the CANCELLATION of YOUR TERMS OF PROTECTION.
WE may also refuse to pay any pending claims that have occurred during a protection period in which the premium due was not paid.
Should a reason for non-renewal or changes to OUR TERMS OF PROTECTION arise, WE will offer the YOU the opportunity to renew the TERMS OF PROTECTION under the same terms of the expiring TERMS OF PROTECTION for an additional forty-five (45) days. If YOU accept the renewal terms, coverage will be nonrenewed at the end of the additional forty-five (45) day period. In the case of change in the TERMS OF PROTECTION, the new terms will take effect upon renewal after the end of additional forty-five (45) day term. If YOU elect not to renew the existing TERMS OF PROTECTION, coverage will end at the expiration date of the existing TERMS OF PROTECTION.
If WE non-renew your TERMS OF PROTECTION, WE will email YOU forty-five (45) days advance notice. If WE are no longer able to source replacement parts or replacements for YOUR item, WE may send YOU a nonrenewal notice that YOUR item is no longer eligible for PROTECTION.
The second paragraph of the Fraud provision is deleted in its entirety and replaced with the following:
Any person who knowingly presents a false statement in an application for insurance may be guilty of a criminal offense and subject to penalties under state law.
The following is added to the Legal action against us provision:
However, YOUR right to bring legal action against US is not conditioned upon YOUR compliance with the provisions of the Arbitration Agreement condition.
The following is added to the Other Stuff section:
Other Insurance If YOU have other insurance covering your PROTECTED ITEMS, the coverage provided by YOUR TERMS OF PROTECTION will apply on a primary basis.
The Arbitration Agreement provision is deleted in its entirety and replaced with the following:
Any dispute, claim or controversy arising out of or relating to this TERMS OF PROTECTION or the breach, termination, enforcement, construction, interpretation or validity thereof, including the determination of the scope or applicability of this agreement to arbitrate, may, upon written agreement by YOU and US be determined by final and binding arbitration in the state of Vermont. We both waive the right to resolve any dispute, claim or controversy arising out of or relating to this TERMS OF PROTECTION by a judge and/or jury. We also agree not to participate as a class representative or class member in any class action litigation, any class arbitration or any consolidation of individual arbitrations against each other.
The arbitration shall be conducted in accordance with the Consumer Rules of the American Arbitration Association. Judgment on the Award may be entered in any court having jurisdiction. This TERMS OF PROTECTION and the rights of the parties hereunder shall be governed by and construed in accordance with the laws of the State of Vermont, exclusive of conflict or choice of law rules.
The parties shall maintain the confidential nature of the arbitration proceeding and the award, except as may be necessary to prepare for or conduct the arbitration hearing on the merits, or except as may be necessary in connection with a court application for a preliminary remedy, a judicial challenge to an award or its enforcement, or unless otherwise required by law or judicial decision.
Should YOU remain dissatisfied following OUR final written response, YOU may refer YOUR case to the Department of Insurance for YOUR state of residence at the address below. The Department of Insurance is the governing body that arbitrates on complaints about general insurance products. This does not affect YOUR right to take legal action.