[quote]Loose Tool wrote:
Exclusions are not necessarily a slam dunk for an insurance company. As a general rule people don’t read their insurance policy. It’s only when they make a claim do they find out that something is excluded. Then they hire a lawyer who sues the insurance company. Then the insurance company hires a lawyer to defend itself. Even if the insurance company wins, it ends up costing them a boatload of money. It’s not worth the money and aggravation they get in exchange for the amount of premium on a homeowner’s policy.
That is a problem with our legal system. Any such lawsuit, where there is no question that the claim is excluded based on a reading of the policy and the claim, should be immediately thrown out, and the success of a countersuit should be a given.