Is this standard procedure within a home insurance claim?
unfortunately, my house was broken into final december. i made a police report, and contacted my insurance company to file a claim. they asked for me to make a index of the items that were stolen. i did and submitted it to them. they asked for me to send the record to the police department so the lists would match. i did. they asked for a record statement, i agreed. an insurance agent came to my home and they took both my statement and my wife's statement. they asked to get a proof of loss form bursting out and returned to them notarized, that was done promptly as well. presently they contacted me once again saying that they NEED another statement from my wife and i but this time with their lawyer present. the amount of time they have been taking to "investigate" my claim have been bothering me, and it seems close to they're doing everything possible to delay paying the claim. do i HAVE to give another record statement in the presence of their attorneys as they stated? i just want this to shutting, it has been almost five months already and i want to put this losing me.
Answers:
sounds like the insurance company doesn't want to pay up, but I would distribute them all the statements again and make sure you hold YOUR lawyer with you if they are going to hold one!
Yes, they can ask for all of these things, but you have recourse as powerfully.
Let your claims adjuster know you are contacting the department of insurance in your state and are filing a complaint against the insurance company for ruin to pay a claim in a timely bearing.
If the insurance company is acting within its rights, then this complaint will enjoy no effect, but if they are dragging this out unnecessarily, they will pay you more quickly than back. Source(s): I'm a licensed broker.
You hold been asked to give "statement below oath" and yes you have to give it is required by the policy contract.This vehicle that the company suspects that your claim is fraudulent or inflated. Both of these are on the rise. A statement under oath is never a pleasant experience. I have witnessed 7 or 8 contained by my career and I've seen smaller number crying at funerals.
If you don't comply they will deny your claim. If you go you will be put through the wringer.
If your clam is legit then I would suggest that you contact a legal representative to explain how you should handle this.
If your claim is fraudulent or inflated you might want to consider dropping the claim and hope the company doesn't have adequate evidence to have the DA charge you with any crimes.
Good Luck Source(s): Claim adjuster for route too long.
clear all doubts visit this website http://theinsurancegroup.blogspot.com
Yes, all of these things are allowed under your policy.
The insurance company have requested an Examination Under Oath. According to your policy, the insurance company has the right to request the EUO - and the Proof of Loss and itemization of your damages.
One thing you did not recount us....how large a claim are you filing?
If your claim is legit - you really did enjoy a theft and you have not lied roughly or inflated the value of your claim -you should be fine.
If, however, your claim is not legit or you have lied in the region of what was taken or have inflated the worth of the items taken.....you may want to consider with drawing your claim.
With the economy the path it is - there has be a sharp increase in fraudulent theft claims man filed. Something about your claim, get their attention and they are going to do a detailed investigation into it. Again - if it is legit and you have in no process lied or inflated your claim - things should work out and you can thank all the bums who commit insurance fraud for the hoops you are having to kick through. If your claim is fraudulent....consider withdrawing your claim.
** not legal advice - singular an attorney can give legal counsel. Source(s): Insurance Adjuster 12 years
Yes - unfortunately insurance companies don't really enjoy paying claims since it comes directly rotten of their profits. They make it extremely difficult and make you do a bunch of stupid crap, hoping you'll simply give up and they won't have to recompense you. So, do everything they ask. However, if you give this next statement and they still ask for more or breed you do more stupid crap, I'd inform them that you feel like they are making it unnecessarily difficult to bring back your claim paid and you'll be contacting your attorney to see what he/she thinks. If the insurance company have enough information and is truly dragging its feet, they will earnings your claim to avoid litigation and further costs.
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Answers:
sounds like the insurance company doesn't want to pay up, but I would distribute them all the statements again and make sure you hold YOUR lawyer with you if they are going to hold one!
Yes, they can ask for all of these things, but you have recourse as powerfully.
Let your claims adjuster know you are contacting the department of insurance in your state and are filing a complaint against the insurance company for ruin to pay a claim in a timely bearing.
If the insurance company is acting within its rights, then this complaint will enjoy no effect, but if they are dragging this out unnecessarily, they will pay you more quickly than back. Source(s): I'm a licensed broker.
You hold been asked to give "statement below oath" and yes you have to give it is required by the policy contract.This vehicle that the company suspects that your claim is fraudulent or inflated. Both of these are on the rise. A statement under oath is never a pleasant experience. I have witnessed 7 or 8 contained by my career and I've seen smaller number crying at funerals.
If you don't comply they will deny your claim. If you go you will be put through the wringer.
If your clam is legit then I would suggest that you contact a legal representative to explain how you should handle this.
If your claim is fraudulent or inflated you might want to consider dropping the claim and hope the company doesn't have adequate evidence to have the DA charge you with any crimes.
Good Luck Source(s): Claim adjuster for route too long.
clear all doubts visit this website http://theinsurancegroup.blogspot.com
Yes, all of these things are allowed under your policy.
The insurance company have requested an Examination Under Oath. According to your policy, the insurance company has the right to request the EUO - and the Proof of Loss and itemization of your damages.
One thing you did not recount us....how large a claim are you filing?
If your claim is legit - you really did enjoy a theft and you have not lied roughly or inflated the value of your claim -you should be fine.
If, however, your claim is not legit or you have lied in the region of what was taken or have inflated the worth of the items taken.....you may want to consider with drawing your claim.
With the economy the path it is - there has be a sharp increase in fraudulent theft claims man filed. Something about your claim, get their attention and they are going to do a detailed investigation into it. Again - if it is legit and you have in no process lied or inflated your claim - things should work out and you can thank all the bums who commit insurance fraud for the hoops you are having to kick through. If your claim is fraudulent....consider withdrawing your claim.
** not legal advice - singular an attorney can give legal counsel. Source(s): Insurance Adjuster 12 years
Yes - unfortunately insurance companies don't really enjoy paying claims since it comes directly rotten of their profits. They make it extremely difficult and make you do a bunch of stupid crap, hoping you'll simply give up and they won't have to recompense you. So, do everything they ask. However, if you give this next statement and they still ask for more or breed you do more stupid crap, I'd inform them that you feel like they are making it unnecessarily difficult to bring back your claim paid and you'll be contacting your attorney to see what he/she thinks. If the insurance company have enough information and is truly dragging its feet, they will earnings your claim to avoid litigation and further costs.
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