How long can you wait to notify a insurance company about a potential claim?

Thu, Jul 23, 2009

How prolonged can we wait for for to forewarn a word association about a intensity claim?
You know how an word discuss it there clients which they have to inform a claim(personal injury/premise liablity) or something. Most word policies have a order which your forewarn a word association of any intensity explain inside of a really reduced duration of time after a situation occurs. we live in NY. How prolonged can we wait for for to discuss it them? How most would which reduced duration of time be? Landlord have been recieving letters frommy counsel as well as he havent sent them over to his word company. This been starting upon given May 1st of this year. Can a word repudiate him coverage?

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2 Comments For This Post

bob shark Says:
July 23rd, 2009 at 9:07 pm

If you want any help from insurance, you call them "NOW"

Any insurable claim has to be reported so they can be part of initial investigation
If you leave them out of the loop, they will leave you out of the loop.
What does that mean??

Instead of them helping you, you have to sue them, and that means you have to prove in court, that they have to cover you.
It is better and cheaper to have them as partners instead of adversaries

mbrcatz17 Says:
July 23rd, 2009 at 9:07 pm

It’s not set in stone, but the longer you wait, the less likely that you’ll get a quick settlement - and possibly, you won’t get any at all. You have a duty, according to YOUR POLICY, to notify the company in a reasonable amount of time after you know about a loss. "Reasonable" isn’t defined.

Yes, the insurance company can deny him coverage for not promptly reporting. That’s not YOUR problem, as the ONLY WAY you can get $$ out of him is by filing a lawsuit. You can’t just demand $$ and expect them to write a check without squawking. So you file the lawsuit.

Heck, they have NO DUTY TO RESPOND TO YOU. HIS insurance company DOESNT CARE. They don’t have to. If they called him, and he said, "oh, it didn’t happen, they’re making it up", they are going to just file your attorney letters and not worry about it.

bob shark Says:
July 23rd, 2009 at 9:07 pm
If you want any help from insurance, you call them "NOW"

Any insurable claim has to be reported so they can be part of initial investigation
If you leave them out of the loop, they will leave you out of the loop.
What does that mean??

Instead of them helping you, you have to sue them, and that means you have to prove in court, that they have to cover you.
It is better and cheaper to have them as partners instead of adversaries
mbrcatz17 Says:
July 23rd, 2009 at 9:07 pm
It’s not set in stone, but the longer you wait, the less likely that you’ll get a quick settlement - and possibly, you won’t get any at all. You have a duty, according to YOUR POLICY, to notify the company in a reasonable amount of time after you know about a loss. "Reasonable" isn’t defined.

Yes, the insurance company can deny him coverage for not promptly reporting. That’s not YOUR problem, as the ONLY WAY you can get $$ out of him is by filing a lawsuit. You can’t just demand $$ and expect them to write a check without squawking. So you file the lawsuit.

Heck, they have NO DUTY TO RESPOND TO YOU. HIS insurance company DOESNT CARE. They don’t have to. If they called him, and he said, "oh, it didn’t happen, they’re making it up", they are going to just file your attorney letters and not worry about it.