Oklahoma fire claims increase during the winter months. Trapped inside, people use friendly fire as a source of heat. Candles are lit for the holidays for atmosphere. Oklahomans enjoy the warmth of a fireplace on a cold day. The fires are all intentionally lit. A sometimes unexpected cause of fire is the common clothes dryer.
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.
Some people, including insurance adjusters, forget an insurance policy is a legally binding contract. Claim representatives who adjust a lot of liability and third-party claims sometimes tend to confuse the issue of coverage under a policy with liability for the accident. These issues are not related.
One reason insurance policies don’t seem like binding contracts…