An Examination Under Oath is a tool available to property insurers in adjusting Oklahoma insurance claims. The more typical term is the acronym (sometimes called “EUO”). Like many industries, insurance adjusters need to be able to communicate quickly. Just try saying “examination under oath” three times really fast while gulping some hot coffee and see
A first time real estate investor (REI) in a hurry to close the deal can make a costly insurance mistake. You wouldn’t think that it would happen, but it does. No one calls the insurance agent and makes arrangements for the insurance coverage.
In some instances, it’s simply overlooked. At other times, the thought is
It’s crucial to consult with an Oklahoma lawyer with experience in bad faith law in the initial stages of your claim. Oklahoma uses bad faith lawsuits to protect its citizens from inappropriate claim practices. Bad faith lawsuits are the tool used by the courts to correct unfairness. As the first sign your claim appears headed
In Oklahoma, an insurance company has a legal duty to fairly pay claims. This duty is technically to act in good faith and with fair dealing. An insurance company that refuses to fairly pay claims can be sued for bad faith for not complying with the law. The insured policyholder can claim emotional distress, financial
It is no surprise there is often disagreement over whether an insurance policy provides coverage. There are competing interests to be accommodated and sometimes the language used is clearer to one person than another.
We are often asked, “How do judges decide what the insurance policy really means?” There are volumes of books in law
Some people, including insurance adjusters, forget an insurance policy is a legally binding contract. Claim representatives who adjust a lot of liability and third-party claims sometimes tend to confuse the issue of coverage under a policy with liability for the accident. These issues are not related.
One reason insurance policies don’t seem like binding contracts is
Bubba came to the office last week without an appointment. He was hotter than a firecracker on the 4th of July. He was ranting about wanting to sue his insurance company for “bad fate” and that I could have all of the money from the lawsuit. He said I could put it all in that
The lack of income due to Bubba‘s injuries was devastating. He couldn’t make his mortgage payment and had to move from his home in Wewoka, Oklahoma. When the big day came, Bubba pulled into the yard in his Ford 4×4, and rigged up a homemade hitch to “hook up” his mobile home so that
The truth is Cousin Bubba doesn’t really know a lot about insurance or even law for that matter. He is well versed in the 2nd Amendment and will “tell you right flat out the right to bear arms has nothing to do with the First Lady’s sleeveless dresses.” Bubba doesn’t need to tell you he’s
