Insurance Fraud In Minnesota
Insurance companies will refuse to pay claims due to two similar, yet different, reasons: fraud and lack of cooperation. This article will discuss an insurer’s claim an insured property owner committed fraud. There is a distinction between criminal fraud proven by a...
Interest on Wisconsin Insurance Claims
The purpose of Wisconsin’s interest statute applied to insurance claims is found in its name: “Timely Payment of Claims”.
Interest On Minnesota Appraisal Awards
Insured Minnesota property owners who take their disputed insurance claim to appraisal can recover interest on the award. Appraisal is an out-of-court dispute resolution process comparable to arbitration. In Minnesota, it is the forum to decide the amount and cause of...
The Right to Appraisal
Insurance companies can be stubborn and refuse to appraise the scope of a loss.
Interest on Appraisal Awards
Insured property owners may be entitled to interest on appraisal awards.
The Duty to Mitigate
It is important to understand the principle behind the duty to mitigate and its scope when facing an insured loss.
Additional or Supplemental Coverages
Often the reason why these coverages are thought of separately is that they come with separate policy limits.
How Appraisals Should Unfold
Judges are loath to overturn an appraisal award based on the merits of the decision.
Ordinance and Law Coverage
Policyholders owe it to themselves to actually read their own policy and determine the extent of Ordinance and Law coverage.
Insurance Claim Terminology
Following is a summary of important terms property owners should know during the claims process.