The insurance policy is a complex contract that has been developed over many years by insurance companies, their attorneys and sponsored agencies.
This contract of indemnity is loaded with:
1) Industry jargon and specific Terms
2) Conditions, which must be followed
3) Coverages subject to interpretation and negotiation
4) A long list of Exclusions applying to your coverages
5) A series of Duties you are to perform after a loss
Each specific policy, with all its individual forms and endorsements, define what is insured and how you can recover your financial losses. In order to fully recoup your insured losses requires expert assistance. |
