tonyb
Joined: 04 Jan 2004
Posts: 17
Location: Montgomery, PA
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 Posted: Thu Jan 15, 2004 1:48 pm Post subject: My insurer has asked me to give a recorded statement |
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My insurer has asked me to give a recorded statement - what should I do?
anon
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An examination under oath is an entirely different procedure than a recorded statement, is formal in nature, and is supported by property insurance policy language. A recorded statement is often conducted informally over the phone and is not a requirement supported by property insurance policy language. Also, some authorities advise policyholders that they must cooperate with their insurance company in the settlement of any claim and must submit to a requested recorded statement with no policy language to support that statement. That advisory is misleading and inappropriate to direct either to insurance companies or policyholders. You may want to talk with an attorney.
The settlement of a first party property claim is not arbitrary in nature and is a matter of negotiation on an even footing for policyholders and companies alike, subject to Appraisal and the courts if necessary.
See full article.
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