Ed Eshoo is a master of the statutory standard fire insurance. When I’m involved in a complex issue involving statutory policy language versus promulgated policy language, I collegially call my Chicago-based friend for his thoughts. Three years ago, i Insurance Agent vs. Experienced Policyholder Lawyer’s Opinions on Denial of Insurance CoverageI wrote:
Working out of Merlin Law Group’s Chicago office, Ed Eshoo is one of the best property insurance attorneys you can find. I don’t think there is anyone with a national reputation as the “expert”; on 165-line standard fire insurance on a national, rather than state, basis. Ed is an extreme competitor and it shows in his daughter Emily Eshoo who is a varsity basketball player at the University of Tampa.
Not to be outdone, Edward Fako wrote in a comment to that post:
After being an audience and listening to Mr. Eshoo presenting his views on insurance claims on multiple occasions, along with having read all of his articles discovered and then discussing the claims attributes and nuances with him personally, I can wholeheartedly agree with the appreciation and admiration you respect your colleague, Chip.
When I wrote my post yesterday afternoon, Michigan Appraisal Law is affected by the standard fire policyI somehow missed an article Eshoo wrote on the same topic, State Farm’s assessment regulations violate the standard fire policy. Ed’s analysis is deeper than mine and worth a read.
Regarding standard fire insurance policies and the need for them, I would like to remind readers that insurance companies wrote so many varieties of insurance coverage and included so many limitations of coverage that state legislatures passed laws requiring insurance companies to issue a standard fire policy to protect policyholders. . I wrote about this and raised the question of whether we now need a standard comprehensive insurance i The standard fire insurance – do we need standard insurance for all risks.
The examples of insurance companies, like State Farm, rewriting policies that don’t follow long-standing ISO standard wording or wording found in the 165 standard policy leave me with the same conclusion: state lawmakers need to start mandating a standard all-perils policy to protect policyholders.
Of all possessions, a friend is the most valuable.