A Video Explaining Insurance Contract Construction and Interpretation

Read the full article at https://www.linkedin.com/pulse/video-explaining-insurance-contract-construction-zalma-esq-cfe and see the video at https://youtu.be/YfEe1asnDJg and at https://zalma.com/blog plus more than 3400 posts. 

The first thing every person representing an insurer with regard to a potential fraudulent claim must understand that the insurance policy is the basis for every insurance fraud investigation.  Without an insurance policy there can be no insurance fraud. The insurance policy contract describes the rights and obligations of the parties to the policy of insurance. It contains, in clear and unambiguous language, weapons to defeat a fraudulent claim.

The construction of insurance contracts should be, but often is not, governed by the same rules of construction applicable to all contracts. The courts claim that when they construe an insurance contract it gives the terms of the policy their ordinary and generally accepted meaning. The primary goal of the court is to give effect to the written expression of the intent of the parties to the insurance policy.