Insurance Law

Recent Posts

Fortuity Rules Insurance Interpretation: No Fire Insurance For Preexisting Condition of Property
Posted on 17 Jun 2014 by Barry Zalma

Every insurance contract is based on the concept of fortuity. Insurance must, by definition, only indemnify the insured against a contingent or unknown risk of loss. No one should be able to purchase insurance after a home burns to the ground by purchasing... Read More

The Importance of Proof of Mailing: If Premium Not Paid, Policy Cancelled
Posted on 12 Jun 2014 by Barry Zalma

Insurance is, by definition, a contract whereby the insurer, for consideration, agrees to defend or indemnify another against a contingent or unknown risk. For an insurance policy to exist, therefore, the person insured must pay the premium (the consideration... Read More