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FIRE SERVICE AND GENERAL FIRE SAFETY TOPICS => Fire Safety => Topic started by: riless180 on June 07, 2011, 04:02:15 PM
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Hi guys, has there been any cases where insurance companies have refused to payout policies following outstanding significant findings on relevant FRA's. By outstanding I'm refering to years not weeks/months. Cheers.
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Not sure to be honest. but may i suggest you start by look at high profile prosecutions resulting from a fire i.e. New Look, Oxford Street. whether a claim was made or paid must be public information as it is a plc.
i do not think the timescale would be relevant to an insurance company. if they could prove a deficiency was identified, was risk critical, and that the deficiency directly contributed to the cause of the fire or it development, but no action was taken. Then i think they would have reasonable grounds to refuse to pay up whether it was a week or a year (i bet its in the contract somewhere)
A point for discussion;
could you say that if a premises was subject to a sucesfull prosecution. then that would be reasonable grounds for the insurance company not to pay?
I can say that i have direct experience of insurance companies being more than thorough in investigating this very issue in the past. sorry i can't expand on this but i am duty bound not to at present.
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Thanks :)