A Guide to Examination Under Oath (EUO) and What You Should Do
Homeowners Choice
An Examination Under Oath or EUO is where the insurance company demands the insured to attend a formal proceeding. This will be done in the presence of a court reporter and the lawyer of the insurance company. The goal here is to acquire enough information to assess the filed claim. Though it looks easy, this process is intimidating. A lot of folks loathe EUO as it just increases the stresses brought by their property losses.
The goal here is to make sure that the insured has the opportunity to document all his appeals. On the other hand, it’s also a way of insurance companies to avoid false claims.
Can you refuse examination under oath?
Most of the time, EUO is indicated as a clause on your policy. In short, you’re required to attend when you’re summoned for it. Anyway, you have the choice to dismiss the invitation. You won’t break any law but your claim will likely be denied.
However, EUO insurance terms are also used as a way to stymie the claims. Some companies use this to intimidate the insured so he would just settle on out-of-pocket expenses. Still, homeowners take time to prepare examination under oath statements to nail the claim. If you wish, you can hire a public adjuster to guide you on potential questions. They will also give tips for examination under oath to increase your chance of having your claim paid.
Should you bring an attorney with you?
Although it’s not required, having an attorney with you is a wise move when attending an EUO. Even if you don’t mean it, inconsistencies on your answers will cause the denial of your claim. With a lawyer, you’re going to be a more informed and prepared policyholder.
However, take note that there are some aspects where your lawyer can’t answer for you. You also have to be prepared in terms of your financial history, claims history, credit score, bank statement, etc.
How does a public adjuster help with EUO?
Most of the time, EUO is a process of documenting the losses and ensuring that you’re filing a legitimate claim. With a public adjuster as your wingman, all the losses are properly documented and listed. First, a public adjuster will organize the documents your insurance company asks from your end.
When it comes to EUO, it’s important to rehearse your statement. The public adjuster can act as the representative of the insurance company. He or she will ask possible questions. That way, you’ll be more relaxed when you appear in the formal proceeding.
Most importantly, public adjusters will brief you about the shady tactics insurance companies use to stall the claim. They will help you understand the EUO structure and potential loopholes insurance companies may throw at you.
Once the EUO is done, the public adjuster will help you to get the right payment amount. This way, your claim settlement would be easier. Examination Under Oath could be intimidating, but it’s an essential part of some insurance policies. As the policyholder, it’s your responsibility to comply with the terms of your insurer.
