Oklahoma’s freezing temperatures cause water lines to freeze and break. Most of us think of winter as the accumulation of snow or ice. Ice can be a major cause of damage to a home, but broken pipes is another type of winter weather that creates insurance claims. Is water damage to a house and personal
We have pointed out in the past that many people don’t speak the language of “insurance”.
No different than medicine, the insurance industry has terms and words that have a specific meaning. If you don’t speak the language, then you don’t understand what was said.
An apartment complex owner learned this lesson the hard way.
An Oklahoma insurance company’s reliance upon a legal opinion that there was no payment due under the policy did not prevent a judgment for bad faith and punitive damages. In Barnes v. Oklahoma Farm Bureau Mutual Ins. Co., 2000 OK 55, 11 P.3d 162, the insurer purportedly obtained a legal opinion from an…