Do not underestimate the lengths an insurance company will go to in its effort to avoid making a large payment if there is any evidence of a breach of the relevant terms. There is little financial incentive for investigations for smaller claims of a few thousand dollars, but should there be a larger claim resulting from something like a fire, the investigation will be "turned up a notch" if they catch wind of any possible issue which justifies the company in refusing payment.
You must analyze the specific terms of your contract, including the master version, and ensure you are in strict compliance with same, failing which, you are at risk for problems in the event of a "disaster"...once a denial is made, you will be forced into litigation, and even if you are eventually successful at trial, the time and financial investment of litigation will take its toll...
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Life is far too short not to buy the stuff you know you are going to get in trouble for....
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04-11-2005, 07:13 PM
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