Criticism and Cost of Claims

October 7, 2008 LEGAL costs are often mentioned as an issue in settling insurance claims but, in reality, how big a problem are they?

The answer may well depend on the circumstance - insurers could be paying defence costs as part of an overall package of costs, so the individual case costs may not seem significant. On the other hand, costs awarded by the courts can become disproportionate to the insured event.

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