Insurance 101 – Chapter 16 Volume 3 – Denial Requires Fraudulent Intent

 Denial Requires Fraudulent Intent

In the presentation of a claim, however, the insured’s act must have been intended to defraud the insurer. Even a gross overvaluation of a  claim will not permit an insurer to deny the entire claim or declare the  policy void unless the insurer can prove that the overvaluation was not  an honest mistake.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

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