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Setback


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Posted by tonyb on August 14, 1999 at 15:39:28:

If you filed a "claim" (Proof of Loss form--please see http://www.disasterprepared.net/deserve.html ) within the allotted time, and
requested Appraisal, the burden to respond in a timely fashion would
rest with the company. At this late stage your attorney can best
determine if the company acted in good faith. As to the correct
Appraisal procedure:

Earlier policy wording set a twenty day time limit to select an
appraiser, once notice is given by the other party. Newer policy
wording sets no time limit.

Earlier policy wording set a fifteen day time limit for appraisers to
select an umpire. Newer policy wording sets no time limit.

Earlier policy wording set a time limit of sixty days after receiving
the Proof of Loss or an Appraisal award, for the company to pay the
claim. Newer policy wording sets no time limit (company must merely give
notice of its intentions within thirty days after it receives the
statement of loss.)

These radical changes are but a few of the major setbacks for consumers
in policy wording and rules governing insurance companies.

surenet@sure-net.com


BLENDA SANDERS wrote:
>
> Our insurer has delayed settlement of our claim for so long that we were
> forced to file suit before time limits expired.
> Now they have invoked the appraisal process.
> Several more months have already been wasted with no progress.
> Could anyone provide any information regarding the correct procedure in
> this process?
> Thank You.

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