Examination Under Oath: "Not Just Another Deposition"
- Topics:
- Property
- Source:
- Chuhak & Tecson, P.C.
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Overview: While property insurance policies differ somewhat amongst insurers, most policy forms provide the insurer with a right to demand the "Examination Under Oath" ("EUO") of its insured, and a right to demand records and documents in support of the presented claim. This article states that an examination under oath, effectively conducted, is a useful and expedient method for assisting the insurer in reaching a wise and fair coverage decision respecting a claim. It also provides an opportunity to the insured to explain, the circumstances of the loss, and provides the insured an opportunity to substantiate the value and its interest in the property claimed.
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Format: HTML | Date: Jan 2003 | Pages: 1
