Wednesday, January 9, 2013
Can I Sue My Insurer For Not Covering Stolen Cash?
Question: What can we do if the insurance company is paying us so much less that what was robbed?
Question Detail: We had a robbery and the break in they took most of my power and other stuff, the total was about $11,000.00. Now the Insurance Co., will only pay 2,000.00 dollars. Because the policy which we never received changed Totally unbeknown to us what can we do ? And can we take them to court over this or let it go. There is more to this also.
ANSWER: Stolen cash is too easy to lie about, so insurance companies put low limits in to keep the insured from being tempted to exaggerate the size of the cash box contents. You should have read your last policy renewal. That's your responsibility. Bump it to 25K and get ready for the next burglary.
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