What does Nonpecuniary Relief mean? Read on to discover the definition & meaning of the term Nonpecuniary Relief - to help you better understand the language used in insurance policies.
Nonmonetary compensation for a loss, such as vacating certain premises or refraining from a specific act. Professional liability insurance policies typically exclude coverage for nonpecuniary relief, because it is often impossible for an insurer to compel either an insured or a third party to act or refrain from acting in a certain manner. However, most versions of this exclusion provide coverage to defend against claims requesting nonpecuniary relief.
We hope the you have a better understanding of the meaning of Nonpecuniary Relief.