Consumers Beware: Insurance Carriers Not Liable for Failing to Explain Policy Terms

In a recent Indiana Court of Appeals case, Donald and Sandra Myers v. Andrew Yoder, et al., insurance companies were not held liable for failing to advise consumers of basic policy terms.

The Court reiterated an earlier decision and reasoned that the insurance carriers must be in an “intimate” and “long-standing” relationship in order to be held liable under a fiduciary theory of liability.

So, consumers–if you are unsure of a policy term, or what your insurance policy covers, be sure to ask specific questions; that way, your insurance carrier may later be held liable if they give you a wrong answer. Otherwise, according to the Indiana Court of Appeals, you’re out of luck…

This article is not intended to provide legal advice or to establish an attorney-client relationship. Please seek legal assistance from an attorney. This article was written for entertainment and educational purposes only.