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re: Insurance agent cost me thousands

Posted on 2/7/24 at 12:47 pm to
Posted by LSUSkip
Central, LA
Member since Jul 2012
17684 posts
Posted on 2/7/24 at 12:47 pm to
Absolutely report the agent to whichever company or companies her represents, file the issure with the commissioner of insurance, and call that agent, they will have to fix it, they have errors and omissions insurance for such an issue,but I'm willing to bet they would rather pay out of pocket to fix it legally and ethically than to make a claim.
Posted by Tiger Prawn
Member since Dec 2016
22000 posts
Posted on 2/7/24 at 2:11 pm to
quote:

they have errors and omissions insurance for such an issue,but I'm willing to bet they would rather pay out of pocket to fix it legally and ethically than to make a claim.
Not necessarily a good idea because then if the other party ends up demanding more money than either your E&O deductible or what you were willing to pay out of pocket and you end up having to get your E&O carrier involved, they may deny coverage because you probably violated the terms of your E&O policy by admitting fault and attempting to negotiate your own settlement.
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