What happens if I fail to make a prompt notification of a fire insurance claim?

Failure to make a prompt notification of a fire insurance claim in Oregon can have serious legal consequences. Depending on the severity of the claim, insurance companies may deny coverage if there is a lapse in notice provided. In addition, a policyholder’s failure to report a claim in a timely manner can lead to the policyholder being barred from recovering damages for the claim. Oregon law requires a policyholder to notify the insurance company of a potential claim “as soon as practicable” after the incident has taken place. Unfortunately, Oregon does not provide an exact definition of the amount of time in which the insurer must be notified, which can lead to confusion if a claim arises. If a dispute arises between the policyholder and insurer over a lack of prompt notification, the Oregon Department of Consumer and Business Services acts as a mediator. The mediator will evaluate the situation and review the facts of the case to determine if the policyholder provided prompt notification of the claim. Depending on the outcome of the review, the insurer may have to provide the policyholder with additional coverage or, in some cases, deny the claim completely. Thus, failure to make a prompt notification of a fire insurance claim in Oregon can be an expensive mistake. Therefore, it is important to speak to an experienced insurance agent to ensure that a policyholder is in compliance with the Oregon fire insurance claims law.

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What happens if I fail to make a prompt notification of a fire insurance claim?

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