Quote:
Originally Posted by Gpsma
Mr Helpful...you are not...far from it.
Once an insurance comapny writes your policy and accepts payment, they are legally obligated to pay the claim. Insurance companies know people lie. The best thwy can do is come after u for the additional premium.
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Really? What law says that someone can buy an insurance policy and lie on the application, and the insurance company has no legal recourse but to pay whatever claim is filed? I think insurance companies may pay small dollar claims. But, if you file a large claim, the company has insurance investigators who will do everything they can to protect the legal rights of the insurance company. If the policyholder lied on the application, the company can and will deny the claim.