An Examination Under Oath is a tool available to property insurers in adjusting Oklahoma insurance claims. The more typical term is the acronym (sometimes called “EUO”). Like many industries, insurance adjusters need to be able to communicate quickly. Just try saying “examination under oath” three times really fast while gulping some hot coffee and see
A first time real estate investor (REI) in a hurry to close the deal can make a costly insurance mistake. You wouldn’t think that it would happen, but it does. No one calls the insurance agent and makes arrangements for the insurance coverage.
In some instances, it’s simply overlooked. At other times, the thought is
So far, 2018 is a notable exception to the number of tornadoes and the extent of the reported tornado damage. The National Weather Service reports there have been 18 tornadoes this year; the strongest being an EF2 and only one reported with this wind speed and strength.
Property insurance is the buffer to storms and the damages caused. Oklahoma is home to torrential rainfall, hail, high winds, and tornadoes. When spring begins, these storms can cause a lot of damage to homes. Wind and hail can damage roofs, tornadoes can demolish a house. Rain can quickly cause water damage if it enters
Chimney fires are deadly and devastating to Oklahomans.
Every year fires take lives, homes, and businesses. The cost to the insurance industry is huge because insurance covers most types of fires.
One exception are fires that are intentionally set. Arson is a crime and no insurance policy will cover destroying property deliberately. Therefore, the cause
Adjusters investigating fire claims have to make a decision. The cause of the fire is important. Accidental fires are usually covered by the policy. Intentional fires are not owed. Did the building owner set the fire? Guess what, arsonists don’t admit readily to the crime. Arsonists don’t make legitimate insurance claims, but they also don’t
Insurance claims can be expected from apartment building fires. When an apartment complex is faced with a fire, the consequences can be severe. The damages affect the tenants in the units, the complex owner, the property manager, and the insurance companies that provide coverage for the fire damage.
In a recent fire in Tulsa,
“Captain
Examinations under oath, "EUO’s", serve a purpose different from a deposition. An insurance company is regularly asked to make a decision about payment or denial of a loss involving a sizeable sum of money without any ability to subpoena witnesses to testify. Most policies provide for the taking of sworn testimony.
Like Attorney Parks Chastain
The statute of limitation under 12 O.S. § 95 requires that a lawsuit for breach of contract must be brought within five years if the claim arises from a written contract and within three years if the dispute comes from a contract not reduced to writing. The time in which to file the lawsuit starts at
A statute of repose as well as a statute of limitation is a legislative means of ending or terminating the time in which a lawsuit may be brought. "In practical terms, a statute of repose marks the outer time boundary for judicial enforcement of a substantive right whereas a statute of limitation interposes itself only
