Insurance Company Tactics To Deny You Valuable Coverage
Byrd & Gonzalez Personal Injury Blog
Very few people take the time to read their insurance application or policy. You must first understand that an insurance policy is nothing more than a contract, between you and the insurance company. The insurance company agrees to provide coverage for the stated policy premium. Failure to pay your premium timely, or to comply with the provisions of the policy can result in cancellation or revocation of your policy.Insurance companies have written into their policies, provisions that can be used to deny you coverage which come under the general requirement to cooperate. The Duty to Co-operate comes in many forms, the most basic is the requirement to report immediately when you have been involved in an accident, regardless of whether you were at fault or not.
The Duty to Co-operate also includes the requirement to give a recorded statement, attend an examination under oath “EUO” and attend a compulsory medical examination “IME”, if requested by your insurance company. Failing to cooperate, can form the legal basis for a denial of benefits, such as Personal Injury Protection Benefits, Bodily Injury coverage, and Uninsured Motorist Coverage just to name a few examples.The requirement to co-operate duty does not exist between you, and the insurance company for the other driver.Understanding your benefits and rights under your policy, is important for you if you have been involved in an accident. -A. Gonzalez
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