Ed Eshoo is a grasp of the statutory commonplace fireplace insurance coverage coverage. When I’m concerned with a fancy situation involving statutory coverage language versus issued coverage language, I collegially name my Chicago-based pal for his ideas. Three years in the past, in Insurance Agent Versus Experienced Policyholder Attorney Viewpoints About Insurance Coverage Denials, I wrote:
Ed Eshoo works out of Merlin Law Group’s Chicago workplace and is without doubt one of the finest property insurance coverage policyholder protection attorneys you can discover. I don’t suppose there’s anyone with a nationwide repute as being ‘the expert’ on the 165-line Standard Fire Insurance Policy on a nationwide, quite than state, foundation. Ed is an excessive competitor, and it reveals in his daughter Emily Eshoo who’s a varsity basketball participant on the University of Tampa.
Not to be outdone, Edward Fako wrote in a remark to that publish:
After being an viewers member listening to Mr. Eshoo current his views on insurance coverage claims on a number of events, together with studying each one in every of his articles found after which discussing the declare attributes and nuances with him personally, I can wholeheartedly agree with the esteem and admiration you maintain in regard to your colleague, Chip.
When I wrote my publish yesterday afternoon, Michigan Appraisal Law Is Impacted by the Standard Fire Policy, I one way or the other missed an article that Eshoo wrote on the identical matter, State Farm’s Appraisal Provision Violates the Standard Fire Policy. Ed’s evaluation is deeper than mine and price re-reading.
Regarding Standard Fire Insurance insurance policies and the necessity for them, I need to remind readers that insurance coverage corporations had been writing so many variations of insurance coverage protection and together with so many limitations to protection that state legislatures handed legal guidelines requiring insurers to situation a regular fireplace coverage to guard policyholders. I posted about this and raised the difficulty of whether or not we now want a regular all-risk insurance coverage coverage in The Standard Fire Policy—Do We Need A Standard All Risk Insurance Policy.
The examples of insurance coverage corporations, like State Farm, re-writing insurance policies and never following long-standing ISO commonplace wording or wording discovered within the 165 commonplace coverage leaves me with the identical conclusion: State legislatures should begin mandating a regular all-risk coverage to guard policyholders.
Thought For The Day
Of all possessions a pal is probably the most valuable.
—Herodotus