Wrong. The coverage is limited. It can be difficult to prove. The nature of loss of value claims are inherently speculative, ie the damages are harder to establish. Not all damages are compensable under the policy. Moreover, the coverage is expensive.
Plus, if you have to file suit, there are attorney fees, costs and if lucky a settlement at a compromised amount. If no settlement, trial is uncertain at best. The person bringing the claims bears the burden of proving the damages.
Insurance companies are in the business of trying to pay as little as possible to get out of claims. There are no guarantees.
To say these guys should just buy insurance and then play and there’s no big downside risk is plain wrong. But you don’t want to hear that because it doesn’t fit your agenda or your preconceived conclusion. Loss of value or diminished value is nothing like making a claim for a damaged roof. It is more speculative and thus inherently harder to prove as a matter of fact and law. I wish Will was playing as a fan. As a father, I understand and respect his decision to provide for his family. It may not turn out to be the best decision for his draft status- who knows. But he’s doing what he feels is best for his family. And it’s his decision. He did a ton of great work for wvu from which wvu derived a lot of economic benefit. The ncaa system is what it is.
Plus, if you have to file suit, there are attorney fees, costs and if lucky a settlement at a compromised amount. If no settlement, trial is uncertain at best. The person bringing the claims bears the burden of proving the damages.
Insurance companies are in the business of trying to pay as little as possible to get out of claims. There are no guarantees.
To say these guys should just buy insurance and then play and there’s no big downside risk is plain wrong. But you don’t want to hear that because it doesn’t fit your agenda or your preconceived conclusion. Loss of value or diminished value is nothing like making a claim for a damaged roof. It is more speculative and thus inherently harder to prove as a matter of fact and law. I wish Will was playing as a fan. As a father, I understand and respect his decision to provide for his family. It may not turn out to be the best decision for his draft status- who knows. But he’s doing what he feels is best for his family. And it’s his decision. He did a ton of great work for wvu from which wvu derived a lot of economic benefit. The ncaa system is what it is.
it can be like dealing with an insurance adjustor to pay for damage on a roof.....it has to meet the guidelines but at the end of the day you might have to fight for you money but you will still get it....Loylds of London policies are for more then just athletes