The purpose of this book is to demystify the world of insurance for the average homeowner, car owner and driver, and apartment renter. It is almost impossible for ordinary consumers to make genuinely informed choices without understanding how the business of insurance works; what the different marketing channels for selling policies are; and, what is or is not typically covered by a given kind of policy. Unfortunately, if the wrong choices are made and a loss occurs, the consequences can be all too interesting, frightening, and life-changing. Unsuitable insurance choices present the potential of no coverage for a substantial theft or fire loss or not enough coverage for a catastrophic liability lawsuit, such as an automobile accident, that could
force you into bankruptcy. Is insurance a complete answer to all risks of adverse financial circumstances?
No, of course not. But, within the realm of potential exposures to loss that the average person will face, insurance provides a relatively inexpensive way of helping to protect one’s property and fortunes from ruin.
As an insurance coverage attorney, I have often seen the consequences of the failure to purchase insurance that could easily have provided protection from an avoidable, uncovered claim. Liability exposures under homeowners and auto policies present potentially great financial exposures to the average homeowner, auto owner, tenant, or small business owner. There is the crucial requirement that you maintain adequate insurance to value. There is also a need for you to do something to document your personal property and to maintain that record in a secure place, preferably off premises, in the event of a total loss. This book will highlight many similar issues. I mean to inform, not lecture. I am as upset and angered by claims that are mishandled as by claims in which I see denials of coverage that are correct because the policyholders were uneducated or misinformed and therefore did not purchase appropriate coverage. Too often, individuals find themselves
in litigation with their insurers, their insurance agent, or both over a claim that they believed was or should have been covered. Regardless of the correctness of the insurer’s claim decision, such litigation can impose financial and emotional costs on the individuals involved. I welcome the opportunity to provide the reader with information necessary to become an informed insurance consumer, and thereby afford those readers the peace of mind that insurance is meant to provide.
force you into bankruptcy. Is insurance a complete answer to all risks of adverse financial circumstances?
No, of course not. But, within the realm of potential exposures to loss that the average person will face, insurance provides a relatively inexpensive way of helping to protect one’s property and fortunes from ruin.
As an insurance coverage attorney, I have often seen the consequences of the failure to purchase insurance that could easily have provided protection from an avoidable, uncovered claim. Liability exposures under homeowners and auto policies present potentially great financial exposures to the average homeowner, auto owner, tenant, or small business owner. There is the crucial requirement that you maintain adequate insurance to value. There is also a need for you to do something to document your personal property and to maintain that record in a secure place, preferably off premises, in the event of a total loss. This book will highlight many similar issues. I mean to inform, not lecture. I am as upset and angered by claims that are mishandled as by claims in which I see denials of coverage that are correct because the policyholders were uneducated or misinformed and therefore did not purchase appropriate coverage. Too often, individuals find themselves
in litigation with their insurers, their insurance agent, or both over a claim that they believed was or should have been covered. Regardless of the correctness of the insurer’s claim decision, such litigation can impose financial and emotional costs on the individuals involved. I welcome the opportunity to provide the reader with information necessary to become an informed insurance consumer, and thereby afford those readers the peace of mind that insurance is meant to provide.
DISCLAIMER
I am an attorney and work for a law firm that represents a great many insurers. Thus, the following disclaimer.The opinions expressed throughout this book are my personal opinions, not those of the law firm for which I work, nor of any of that firm’s clients: insurers, or otherwise. I also give some examples in this book as to how certain coverage provisions may or may not apply or be interpreted. Unless the example comes from an identified court decision, these examples are purely hypothetical and should be considered illustrative only. In a real life situation, a judge or jury may disagree with how I suggest a policy provision should be understood or interpreted. No attorney-client relationship exists, and shall not be deemed to exist, between any purchaser or reader of this book and the author, the law firm for which the author works, or of any of that firm’s attorneys.The discussions in this book are general and are intended to provide the reader with background information about various aspects of the business of insurance to assist the reader in making decisions about insurance issues. No legal advice is contained in or offered by this book, and nothing stated in this book should be relied on as such. Any reader having specific questions needs to consult with a lawyer licensed to practice in the state where the reader lives. The facts of a particular situation and the actual language of the reader’s policy, interpreted according to applicable local laws, will control the outcome of any particular issue or claim.
I am an attorney and work for a law firm that represents a great many insurers. Thus, the following disclaimer.The opinions expressed throughout this book are my personal opinions, not those of the law firm for which I work, nor of any of that firm’s clients: insurers, or otherwise. I also give some examples in this book as to how certain coverage provisions may or may not apply or be interpreted. Unless the example comes from an identified court decision, these examples are purely hypothetical and should be considered illustrative only. In a real life situation, a judge or jury may disagree with how I suggest a policy provision should be understood or interpreted. No attorney-client relationship exists, and shall not be deemed to exist, between any purchaser or reader of this book and the author, the law firm for which the author works, or of any of that firm’s attorneys.The discussions in this book are general and are intended to provide the reader with background information about various aspects of the business of insurance to assist the reader in making decisions about insurance issues. No legal advice is contained in or offered by this book, and nothing stated in this book should be relied on as such. Any reader having specific questions needs to consult with a lawyer licensed to practice in the state where the reader lives. The facts of a particular situation and the actual language of the reader’s policy, interpreted according to applicable local laws, will control the outcome of any particular issue or claim.
1 comments:
nice info gan...coment n visit balik ya ke blog ku :) thanks
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