Rescission is an Important Remedy to Avoid Fraud

Read the full article at https://www.linkedin.com/pulse/video-care-needed-elect-rescission-barry-zalma-esq-cfe and see the full video at https://rumble.com/vgvbcz-a-video-about-care-needed-to-elect-rescission.html?mref=6zof&mrefc=2 and at https://youtu.be/w4svt_3v-64 and at https://zalma.com/blog plus more than 3700 posts.

Never Rescind a Policy Without a Thorough Investigation and Advice of Counsel

Insurers must use the rescission remedy with care. Insurers should never assume that the promise to pay indemnity to the insured under a policy of insurance can, with impunity, be broken by advising the insured that the insurer has rescinded the policy.

Rescission without sufficient evidence is wrongful. Rescission without the advice of competent counsel is a tactic fraught with peril. Rescission without a thorough investigation is dangerous. Where no valid ground for rescission exists, the threat or attempt to seek such relief, may constitute a breach of the covenant of good faith and fair dealing which is implied in the policy and expose the insurer to tort damages for that breach, including punitive damages.