Nissanoff challenged the denial, arguing the insurer had either waived its right to disclaim coverage or had failed to issue its denial in a timely manner. The appellate court was not persuaded. It noted that Lloyd’s had issued a reservation of rights letter early in the process, preserving its ability to later deny the claim. Moreover, the timeliness rules under New York Insurance Law § 3420(d), which require prompt disclaimers, apply only in cases involving bodily injury or death—not to property losses like this one.