Don't get tricked
The one type of automobile coverage that will protect an insured from natural disasters is comprehensive coverage. Collision coverage only protects an insured when he or she hits another vehicle or object.
Recently, California’s Fifth Appellate District affirmed a judgment holding that a lender’s title insurance policy did not insure it against a lawsuit for a misrepresentation as to title during a foreclosure sale because the policy was terminated when the property was transferred to the purchaser.
Recently, the California Court of Appeal held that an insurer was not entitled to summary judgment on its rescission defense based on the insured’s “false” answers to its insurance application questions since the questions were ambiguous.
Auto policies in California obligate the insurer to pay for losses to the insured caused by negligent motorists who either lack insurance or are underinsured.
California automobile owners are not required to have coverage for damage to their own vehicle. If that coverage is purchased, however, there are two types available: collision coverage and comprehensive coverage.
Title insurance policies are contracts to compensate for losses caused by defects in title that were unknown to the insured at the time the policy was purchased.
Misrepresentation accusations are often raised after a claim is made, and targeted towards statements made on the initial insurance application or in the claims investigation process. It is important to consult an attorney if this issue arises.