Investigation of Liability Claims
Insurance is designed to indemnify an insured against contingent or unknown losses. Insurance makes no sense if it can be purchased after the loss has occurred. For example, in California, “Insurance is a contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event.”1 For there to be an insurable loss it is necessary that the loss, damage or liability arose from an accident, a contingent or unknown event.
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