Nobody likes surprises when it comes to insurance claims as they are usually not good and a Hammer Clause is no different. A Hammer Clause is not something that an insured is usually aware of, but know this, it is also referred to as a “blackmail settlement clause.”
Essentially it can compel you into an undesirable settlement with a claimant. If you don’t want to be surprised at claim time and want to make sure you don’t have to worry about unexpected out of pocket costs then check out the video below.
MattCorc 