What happens when there is a claim? Payment of claims is the reason that insurance exists, yet policyholders often perceive that insurance companies resist paying legitimate claims make the claims process unduly difficult. Both insurance companies and ...
What is a ‘reservation of rights’ letter? If you are sued, the legal complaint filed against you may state several different claims, some of which may be covered by your liability insurance policy and some of which ...
Lawsuit for ‘bad faith’ All insurance policies contain an implied obligation applicable to the insurance company of "good faith and fair dealing" towards its insured. When a claim is presented, this implied obligation means ...
Complaint to department of insurance The insurance regulatory agencies of most states (usually called the "Department of Insurance" or similar name) have established procedures whereby consumers who believe they have been subjected to unfair claims ...
What am I required to do when I have a claim? Every insurance policy specifies certain duties that an insured must perform after a loss has occurred. The exact duties vary among different policies and will be different for property damage ...
Arbitration Some insurance policies contain a provision allowing or requiring arbitration of certain disputes between the insurance company and the insured, and this may include disputes regarding certain types of claims. ...