Dallas insurance lawyers need to understand how medical payments (Med Pay) coverage works in auto insurance policies. Med Pay is an optional coverage in an auto policy. Unlike personal injury protection (PIP) or uninsured motorist (UM), it is not a required coverage. Under this coverage, the insurance company agrees to…
Dallas insurance attorneys need to know the difference between “replacement cost” and “actual cash value” in an insurance policy. The 1998, Austin Court of Appeals opinion in the case styled, “Great Texas County Mutual Insurance Co. v. Lewis” lends some insight into the differences. Here is some relevant information: The…
Dallas insurance lawyers have to understand how the courts look at “all risk” insurance policies. Property insurance may be issued on either: A. An “all risk” basis, meaning that all risks of physical loss are covered except for excluded perils; or B. A “named peril” basis, meaning that physical loss…
Grand Prairie insurance lawyers and those in Irving, Arlington, Mansfield, and other places in the DFW area to know this case. The case is styled, Jones v. Texas Pacific Indemnity Company. It is a 1993, Dallas Court of Appeals opinion. Here is some relevant information: This is a summary judgment…
Weatherford insurance attorneys need to understand the idea of “insurable interest” as it relates to property insurance claims. A person or entity must have an insurable interest in the insured property to recover under an insurance policy. This was clearly stated in the 1993, Dallas Court of Appeals case, Jones…
Fort Worth insurance lawyers need to understand the different types of property insurance to be able to properly advise clients. As stated by a 1972, Dallas Court of Appeals case, property insurance involves the indemnification of the insured by the insurance company for the loss of, or damage to, identifiable…
Weatherford attorneys and those in Willow Park, Hudson Oaks, Aledo, Springtown, Milsap, Brock and other places in Parker County need to be able to understand a declarations page in an insurance policy. Some policies, especially first-party policies, contain a contractual time limit on claims. The policy must be read carefully…
Weatherford lawyers who handle insurance cases need to be able to read and understand a declarations page. So should attorneys in Mineral Wells, Aledo, Springtown, and other parts of Parker County and Palo Pinto County. The insuring clause is the insurance company’s agreement to provide coverage to the insured. One…
Dallas insurance lawyers need to be able to read an insurance policy declarations page. So do Grand Prairie, Richardson, Mesquite, Garland, and Carrollton lawyers. Insurance policies normally have a declarations page or pages. The declarations page sets forth the identity of the insured, the policy limits, and the duration of…
Fort Worth life insurance attorneys and those in Dallas and Weatherford will have occasion where they see a credit life insurance policy. These are generally sold as “credit accident and health insurance.” The Texas Insurance Code has specific sections dealing with this type of insurance. This type of insurance is…