Forum Discussion
kcmoedoe
Aug 27, 2014Explorer
The more likely reason for the delays in paying is the insurance company is having a hard time justifying that the damage was actually caused by a covered event (storm, accident, meteor strike etc.) and is not just poor construction and general rot and deterioration which is not covered by insurance. The fact that the rig was unattended and the loss reported long after the actual event occurred would definitely raise a red flag.
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