In actuality, your insurance company should not and can not
sue you as a person. But can sue your estate. There are two major reasons why
your insurance company can file a court suit against you. These reasons include;
1.
Information Misrepresentation
2.
Bridging of contract
Contract bridging
A bridge of contract
could be as a result of you not paying your dues even while still alive.
In such a scenario an insurance company can sue in other to
recover claims paid as a result of a bridge of contract.
Also, if the insurance policy is in-effective at the time of
the death of the policy holder, a bridge of contract could result from fraudulent activities
regarding the payment of your insurance premium.
If your insurance company
should detect this fraudulent act they can sue you on the basis of fraudulent
insurance activities. Hence, avoid all forms of fraudulent activities regarding
your insurance premium.
You need to know also that, If the death of a life insurer
occur as a result of committing suicide or death arising from any suspicious
act. No claim will be paid, and could sue if claim were filed to them.
Information misrepresentation
Insurance companies have what is called contestability
period.
If you misrepresent your medical history records and your
death do occur between this contestability period, your insurance company have
the right to fill a suit.
To ensure that you did not misrepresent information on your
application, your life insurance company has the exclusive right to investigate
every details of your medical history if your death occurs within the
contestability period.
