In Pennsylvania, there is a 4 year statute of limitations on a breach of contract claim and a 2 year statute of limitations for a bad faith claim. It is important to point out that most property damage insurance policies sold in Pennsylvania contain a suit limitation provision, that limits the amount of time a
Month: October 2013
Does a Homeowner or Business Owner Need to Comply With The Property Damage Insurance Company’s Request for EUO and What Happens if They Refuse to Appear For The EUO?
An EUO is under a property damage insurance policy is known as a condition precedent. Under Pennsylvania law, a condition precedent simply means that a policyholder must comply with the terms in order to obtain coverage for the loss. It is important to point out that if a policyholder refuses to comply with any condition
WHAT ARE EXAMINATION UNDER OATH, DECLARATION PAGES, EXCLUSION AND BAD FAITH?
What is a Statement Under Oath or Examination Under Oath? Almost every insurance policy requires an insured to appear for an Statement or Examination Under Oath (“EUO”) upon request as one of the duties of the insured post-loss. The EUO is a formal proceeding conducted by an attorney hired by the policyholder’s insurance company in
WHAT SHOULD YOU DO IF YOU HAVE PROPERTY DAMAGE TO YOUR HOME OR BUSINESS?
1. Immediately report the property damage to your insurance company. Under most insurance policies, an insurance company will provide emergency services if your home has sustained damage that requires immediate attention, such as water damage, wind damage or fire and smoke damage. If you do not immediately report the property damages to your insurance company,
WHAT IF THE OTHER DRIVER LEAVES THE CAR ACCIDENT?
What if the driver of the car leaves the scene of the accident? Call the police immediately. Under Pennsylvania law to collect uninsured motorist benefits (UM) from your own insurance company, the accident must have been reported to the police. Even if you do not think that you have been injured by the hit and
AUTO ACCIDENT WAIVERS
Should I sign the settlement agreement waiver sent to me from the other driver’s insurance company? No. It is never a good idea to sign any documents relating to an auto accident without first consulting a lawyer. By signing the settlement agreement, you are bringing your case to an end, which means you can no
CAR ACCIDENT REIMBURSEMENT
Who should pay to fix my car after an accident? Pennsylvania is a no fault state, which means that your insurance company regardless of whether you are at fault or not must pay to repair your car and pay your medical bills up to the limits of coverage. If you did not cause the accident
WHAT IS SUBROGATION AND WHY IT MATTERS
What is subrogation and why should I care about it? Subrogation is an insurance term which refers to the insurance companies right to stand in your shoes and recover the money they paid to you from the at fault driver in the car or truck accident. Pennsylvania is a “no fault” state, which means that
CAR ACCIDENT DO’S AND DON’TS
What is the most important thing I should do if I get into a car accident? Call the police IMMEDIATELY. Far too often, people think that an accident is just a minor fender bender and there is no need to contact the police, but there are two significant problems with this line of thinking. First,
CAR ACCIDENT MEDICAL BILLS
Who pays for my medical bills in a car accident? In a car accident, typically your car insurance company will pay your medical bills under what is commonly referred to as PIP benefits. You should be careful because PIP coverage under you car insurance has a limit that in many cases is $5,000.00. In comparison,