Most of us purchase insurance either because we are required to or because we are trying to protect our assets, warding off financial devastation in the event of a catastrophe, and never imagining a denial over a valid claim. Car insurance is a good example as so many states do require motorists to have insurance before they get on the road. Even in the face of no requirements for insurance, however, most responsible individuals will purchase coverage anyway, to fend off any impending financial disaster—hoping to avoid paying out thousands of dollars for what could just be a fender bender requiring new parts on the new car. The bottom line, no matter what—and for everyone involved in the end—is that insurance is all about money. In most cases, the insurance companies make out very well, collecting premiums without ever having to give anything back to the policyholder, meaning they look forward to one gold mind after another.
Insurance companies bring in billions of dollars in profits every year, and because they realize how lucrative it is not to pay claims, in many cases they do everything possible to keep their money in the bank. You may be paying for car insurance, homeowner’s insurance, commercial insurance, commercial vehicle insurance, general liability, professional liability, and a wide range of different premiums. It is rare today that anyone lives such a simple life that they are just paying for insurance on a car.
Once you have been affected adversely by an accident, damages, or if you were being sued at your business or are the defendant in a professional liability lawsuit, you expect to cash in on all those months—or years—of payments, and get some major help. This is the time when you expect the insurance company to follow through on all their promises, whether made to you in person by the insurance agent, through commercials, literature, or more. Unfortunately, much of that is simply marketing, and even the best insurer may delay or give you a hard time about paying out a substantial claim. It is, however, in your best interest to hire an experienced insurance lawyer and surprise the insurer. Suddenly, they discover that they are speaking with your attorney instead of you, and they may straighten up quickly. It is not a good idea to try and take on the insurance company on your own in any instance.
If you need help reviewing your insurance policy, or if you suspect your insurance company may be denying your claim in bad faith, contact the attorneys at the Bolender Law Firm. If a dispute over a claim cannot be easily resolved through a call or written communication, our attorneys will advocate on behalf of policyholders through litigation, arbitration, or non-binding mediation. Our attorneys are experienced in representing clients in state and federal courts, at both the trial and appellate level. Call us at 310-320-0725 now or submit an easy consultation request online. We are here to help!