I had to give up on my case because I could not afford to continue on. But it will give me great satisfaction if I can help this person and chronicle the course of events.
Ann
Hi
Ann,
I'm
sorry to hear about your dealings with Fidelity.
On
XXXXXX I won a summary judgment against Fidelity National Title in XXXXXXXX
District court.
I had a problem with one of my
properties in XXXXXX, and filed a claim. The responded by denying the claim,
and filing a law suit for declaratory relief which essential means they wanted
a judge to rule they don't have to provide coverage. It's a big insurance
company strategy to avoid paying claims. I was out raged at being sued for
using a service I paid for. It cost me $50,000 to defend myself and preserve my
rights to obtain insurance coverage. But in the end, justice prevailed! Now I
have fight with them over damages.
I did some Internet searching
on "Fidelity Title Sucks", "Fidelity Title Reviews" and it
turns out they have a really bad reputation on paying claims and treating the
employees badly. One person states they pay only 3% of all claims.
Based on this initial research
I think we can prove their business model is to never pay out on a claim, and
if the claim has any merit, they take an offensive position and sue, hoping the
insured doesn't have the resources to defend themselves. Their thinking is
something like this: We can spend $1,000,000 to pay this claim or we can take
our chances in court, and hope the insured doesn't have the money to defend a
lawsuit. It costs $50,000 to go to court and if we lose it only costs
$1,000,000 plus our attorney fee and their attorney fees = $1,100,000. If this
strategy works 9 times out of ten we're still ahead of the game. They figure
their maximum exposure is the policy limits so why not gamble.
They aren't counting on
punitive damages because it's so hard to prove. But today with the Internet and
having screwed so many employees and customers we can interview them and find
the proof we need, plus it looks like we have judge how is on our side, and
gets what they are trying do.
It's like playing poker with
the guy at the table who has the biggest stack of chips. He's got a pair of
twos and makes a large initial raise $50k hoping the other side will just fold.
We need call and raise to double the pot size. They should fold knowing we now
have a pair of Kings with a potential full house against their pair of twos.
Their only hope is four of a kind and the odds are stacked against them.
How's your case going against
them? How many others like us are out there? We need to ban together to fight
this.
Here's another guy with a
similar problem:
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