Insurance 101 – Chapter 4 – Volume 31 – More on Latent Defect

More on Latent Defect

Courts, living away from the real world of insurance, may think that by simply stating a rule it can be carried out. They do not understand that when millions of homes are  insured, to conduct the examination contemplated before a risk is accepted would make the cost of the insurance prohibitive. Such an expert examination would exceed the annual premium.

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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