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Posted by tonyb on September 28, 1999 at 14:43:55:
In Reply to: Setback posted by Sure-Net.com 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.
: 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.
To clarify: it is not clear to what extent policies in each individual state carry
earlier or newer language. It is best to check the wording under CONDITIONS or LOSS CONDITIONS
to determine which is applicable.
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