Herb Sanders wrote:
Ed, I have been in the insurance business as an agent for 35 years. It is my
opinion that most insurance companies will pay almost any claim if it for a
few thousand dollars or less. I understand that the LongEZ claim that Avemco
denied was about to turn into a loss of about $500,000.00. At this level, any
insurance company will put so many lawyers on the case to see if there any
legal way to sidestep the bullet, you will think the company is your enemy
instead of the company protecting you from loss.
All insurance companies will pay a loss they are legally obligated to pay
(the insurance commissioners of each state make them do so). If you breach a
warranty of the contract, you have made a mistake and exposed yourself to
loss. If you breach the contract and put it in writing and give it to your
company, you may find the love and trust your momma taught you only comes
from your momma.
Hope this doesn't sound too negative, but the realities of the business world
get pretty cold when it comes to big bucks.
Regards, Herb Sanders
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