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Started By
Message
Flood insurnce lapse due to dementia
Posted on 5/19/17 at 6:52 am
Posted on 5/19/17 at 6:52 am
Is there a cancellation notice or is it just cancelled? Is there a grace period?
Concerns a relative and the agent was aware of the condition--is there an obligation or duty on their part?
Concerns a relative and the agent was aware of the condition--is there an obligation or duty on their part?
This post was edited on 5/19/17 at 6:56 am
12
Posted on 5/19/17 at 6:53 am to brbengalgal
Understandable
Posted on 5/19/17 at 6:57 am to brbengalgal
Most flood policies renewal notices are sent directly to the insureds. The company we write for will send a 10 day (I think) notice of cancellation if no payment has been received. After the 10 days has passed and no payment has been posted it cancels
Ultimately it falls on the insureds. However, the agent (if they truly cared about their clients enough) should have tried to Contact the insured and reminded them.
quote:
obligation or duty on their part?
Ultimately it falls on the insureds. However, the agent (if they truly cared about their clients enough) should have tried to Contact the insured and reminded them.
This post was edited on 5/19/17 at 7:02 am
Posted on 5/19/17 at 7:00 am to ChandlerB03
So there is no recourse whatsoever? The relative was hiding and destroying mail.
Posted on 5/19/17 at 7:02 am to brbengalgal
quote:
there is no recourse whatsoever? The relative was hiding and destroying mail.
How is that the company's fault? If they were not informed of the condition and the policy holder was not changed to another family member, then the company is not liable
Posted on 5/19/17 at 7:03 am to brbengalgal
Agent could try to call the carrier and explain the situation to them. That final call is up to the carrier though.
How many days lapse are we talking? Who is the carrier?
How many days lapse are we talking? Who is the carrier?
This post was edited on 5/19/17 at 7:07 am
Posted on 5/19/17 at 7:03 am to Upperdecker
like I said above, the agent was very well aware of the condition
Posted on 5/19/17 at 7:08 am to ChandlerB03
How is the agent notified of client cancellations? what is the procedure?
Posted on 5/19/17 at 7:09 am to brbengalgal
quote:
like I said above, the agent was very well aware of the condition
The agent doesn't have a responsibility to change the policy holder. The family does. Did you do that or not? If you didn't, I don't think you have a case, and you should move on
Posted on 5/19/17 at 7:10 am to brbengalgal
Did it lapse during the flood or something?
If not, what's stopping you from just renewing the coverage?
If not, what's stopping you from just renewing the coverage?
Posted on 5/19/17 at 7:12 am to brbengalgal
Is your argument that the Agent, who makes money by writing policies, purposefully allowed the policy to lapse? What you are alleging is that the Agent bears a duty to make sure his clients are insured? Not sure where you are going with that. I could see something happening if an Agent sold policies to infirm clients who didn't need them but not the other way around.
Hate to say it but this sounds a lot like modern society "it has to be someone else's fault." I would say the only people responsible for keeping the home of someone with dementia insured would be the family members. Where were this persons family members and why didn't they take care of this?
Hate to say it but this sounds a lot like modern society "it has to be someone else's fault." I would say the only people responsible for keeping the home of someone with dementia insured would be the family members. Where were this persons family members and why didn't they take care of this?
Posted on 5/19/17 at 7:15 am to brbengalgal
quote:
So there is no recourse whatsoever? The relative was hiding and destroying mail.
Well that's illegal but not the companies fault. Press charges on relative
Posted on 5/19/17 at 7:17 am to brbengalgal
quote:
The relative was hiding and destroying mail.
If they had dementia why wasn't someone in your family taking care of this for them?
This is on your family for being idiots. Not the company.
Posted on 5/19/17 at 7:18 am to brbengalgal
Email me at brian at reed ins la dot com
If it's the same carrier I can see if I can help
If it's the same carrier I can see if I can help
Posted on 5/19/17 at 7:18 am to jbgleason
there is more to it, the agent was "involved" with the relative and it wasn't the only policy that lapsed
Posted on 5/19/17 at 7:21 am to yellowfin
quote:this is why I keep coming back to this board
Press charges on relative
Fist bump
Posted on 5/19/17 at 7:22 am to brbengalgal
quote:
there is more to it, the agent was "involved" with the relative and it wasn't the only policy that lapsed
WTF? You ask for an opinion on A and when given the answer say "well yeah but B, C and D" might have bearing as well. Either write out the whole story or don't ask.
This post was edited on 5/19/17 at 7:23 am
Posted on 5/19/17 at 7:23 am to Breesus
Because doc said the relative could manage their own affairs despite the dementia
This post was edited on 5/19/17 at 7:26 am
Posted on 5/19/17 at 7:23 am to brbengalgal
quote:
there is more to it, the agent was "involved" with the relative and it wasn't the only policy that lapsed
Was the elderly family member interdicted? And if so who was in charge of his/her affairs?
Was there at least a power of attorney? And if so who held that power?
I know people don't like Attorney's but when your family members start dealing with dementia it's crucial that legal steps are taken to protect them
And what do you mean the insurance agent was "involved" with the shady family member? Insurance agents make money from writing policies not from letting them lapse
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