Tag Archives: insurance
Insurance Reference Panel Trap, New Normal?
The Massachusetts Insurance Reference Panel for home owner insurance policies was established to provide a fair and efficient alternative to the already backed-up court systems. The reference panel was created to ensure a quick yet just alternative to settle claim discrepancies between the insurer and insured. Lately, insurance company referees (as a proxy for… Finish Reading Insurance Reference Panel Trap, New Normal?
Insurance Companies Should Review & Require Revision of Condominium Documents Prior to Policy Issuance
Condominium documents have become so restrictive of unit owner conduct and overly punitive for non-compliance. Punitive fines can be as high as $1000 for merely moving boxes or a piece of furniture out of a unit without prior approval. Massachusetts case has supported Condo Boards, reinforcing and perpetuating the erosion of unit owner sovereignty over their unit. The result: litigation. Litigation that insurance companies pay for and which can increase the risk of loss to mortgage companies that lend to unit owners. Insurance and mortgage companies should consider reviewing condominium documents for overly restrictive or punitive provisions prior to insuring condo boards or lending to buyers. Finish Reading Insurance Companies Should Review & Require Revision of Condominium Documents Prior to Policy Issuance
Danger of Digital Insurance Cards – Unintentional Disclosure of Incriminating Evidence
Relatively recently Digital Insurance Cards have been marketed by some large {auto, car} insurance companies as a bonus feature of the insurer’s policy benefits and mobile {app, application}. To most people, this probably seems like a great and convenient idea: one less piece of paper in your car, one less thing to carry in your… Finish Reading Danger of Digital Insurance Cards – Unintentional Disclosure of Incriminating Evidence
When Attorneys Say Dont Talk to the Insurance Company Without First Speaking to Your Attorney After an Accident or Other “Loss”, That Includes Your Own Insurance Company Too!! Here’s Why…
Although people seem to have gotten the message that they should never speak with the opposing insurance company or any of its representatives without first speaking to their attorney, this message has been lost when it comes to their own insurance company. I have recently come across several examples where one’s own words and… Finish Reading When Attorneys Say Dont Talk to the Insurance Company Without First Speaking to Your Attorney After an Accident or Other “Loss”, That Includes Your Own Insurance Company Too!! Here’s Why…
