by foxiediggs » Fri Jun 03, 2011 02:10 pm
tried to get insurance for investment property and was denied because the insurance agency stated there was a liability claim on my property. I dont understand why there's liability claim on my properity and why wasnt I notified when this taken place? I called the insurance agent she stated the claim wasnt aganist me, The claim was aganist my property. Yet did not explain why liability claim was file on my properity.
Posted: Fri Jun 03, 2011 10:02 pm Post Subject:
The insurer ran a report through a consumer database (likely "CLUE" or "PLUS" reports) which showed a property loss on the property that had been paid by an insurer at some point in time. Insurers run these kind of reports as a standard operating procedure. Did you receive anything in writing from the insurance company? Under law, you must be given a declination notice if they refuse to issue the policy.
What type of loss was it? Was that info given to you? Regardless, it shouldn't have anything to do with you. I suggest getting in touch with your agent and have him plead your case to the underwriter, or get us the info asked above and we'll see what we can do.
InsTeacher 8)
Posted: Sat Jun 04, 2011 06:04 am Post Subject:
Yes, I too feel you ought to be given a notice for the declaration. You must contact your agent regarding this. Some of the agents are really helpful in conveying such cases to the underwriters.
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