Almost all insurance policies give the carrier a right to conduct an Examination Under Oath (EUO) of the insured. However, an EUO is a tool that is less often used. That is because recorded statements are usually enough to get the carrier the information that it needs to address a particular claim. In addition, EUOs are more expensive because the carrier has to hire a court reporter and often a lawyer to conduct the examination. With all of the preparation involved, EUOs will take more time, … [Read more...]
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