Robert Trautmann – February 19, 2013 A topic of much debate after Hurricane Sandy is the appropriateness of appraisal when property owners and their carrier do not agree. Can appraisal address scope (coverage) as well as price? While this area of the law is still developing, courts are unfortunately leaning to a restricted interpretation of… Continue reading Appraisal in Flood Claims
Proof Of Loss Requirements In New York State
Shaun Marker – February 19, 2013 Those who handle first-party property insurance claims everyday understand the importance of the proof of loss. Imagine attempting to handle your own first-party property insurance claim and not realizing what potential pitfalls there can be in the claims process. One of these potential pitfalls is timely submitting a proof… Continue reading Proof Of Loss Requirements In New York State
Insurance Policy Conditions (a/k/a/ Land Mines): Part 16 – Specificity of Fraud-Based Claim Denial
Jeffrey Greyber – February 15, 2013 Most policies contain a “Concealment or Fraud” condition that reads along these lines: With respect to all persons insured under this policy, we provide no coverage for loss if, whether before or after a loss, one or more persons insured under this policy have: a. Intentionally concealed or misrepresented… Continue reading Insurance Policy Conditions (a/k/a/ Land Mines): Part 16 – Specificity of Fraud-Based Claim Denial
New Jersey Bad Faith Claims
Robert Trautmann – February 17, 2013 In a previous post, I discussed whether Hurricane Sandy victims were also the victims of bad faith claims handling by their insurance carriers. This post will discuss what constitutes bad faith here in New Jersey. Many Hurricane Sandy victims are still waiting on their insurance carrier to processes and… Continue reading New Jersey Bad Faith Claims