![]() See how a social media post could ruin a personal injury case. If you have misrepresented information regarding subject matter or your own personal history, then the insurance company’s liability becomes void (revoked). If the insurance company provides you with falsified or misrepresented information, then they are liable in situations where this misrepresentation or falsification has caused you loss. So each party is expected to act in good faith towards each other. However, the insurance company must also watch out for anyone looking for a way to scam them into free money. ![]() This is a very basic and primary principle of insurance contracts because the nature of the service is for the insurance company to provide a certain level of security and solidarity to the insured person’s life. The insurer and the insured must provide clear and concise information regarding the terms and conditions of the contract. ![]() Both parties involved in an insurance contract-the insured (policy holder) and the insurer (the company)-should act in good faith towards each other.If you think one of these principles has been breached, or your insurance claim has wrongfully been denied, we recommend using our free case evaluation to help decide whether hiring a lawyer makes sense for you. ![]() These principles are open to interpretation. There are seven basic principles applicable to insurance contracts relevant to personal injury and car accident cases:īelow we explain each item briefly, including how each may relate to a potential injury lawsuit. Understanding how insurance contracts work can be very beneficial when you are deciding if you need a lawyer after a car crash or other serious personal injury. ![]()
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