Good Faith and Fair dealing only apply when an insured has actually performed their Duties After a Loss in FULL. Even the “suggested ones’. Especially the “SUGGESTED ONES”!
Unpopular fact; Bad Faith rarely occurs, and is not what the masses think it is. For Bad Faith to actually occur, the Insured MUST PERFORM FULLY under the contract. If there was ever a silver bullet… that is it. Performance under the contract.
See you in June!
Why does your insurance company issue a ROR, otherwise known as a Reservation of Rights?
Sometimes, the answer is so simple, that folks complicate it.
Understanding the above makes this easier.
Anytime the carrier steps out and provides a “Good Faith” or “Good Will” gesture, by paying for anything without full performance from the insured, according to the Policy/Contract, they are in danger of setting a precedent on that claim, of taking over the insured’s “burden”. The ROR maintains that “Right”, to hold the insured accountable for anything they DID NOT perform, that was required.
Why would they do that?
So they could defend themselves.
“What an incredible day today was at Cal Spoon’s Adjuster Bootcamp with Melanie Spoon and Shaun Hodges. If all we got was today, the class would be a tremendous value. Tony and I have been doing this for a combined 77 years and we were floored by how much both of us learned today, and there’s four more days!”
I can’t top that, so I won’t even try.
See you in class in June.