Whether you are crafting a comprehensive estate plan or merely making some arrangements to provide for the future financial security of your family, life insurance often provides a valuable tool if an unexpected tragic event befalls you. While there are a range of different types of life insurance policies, the basic structure of life insurance entails you paying premiums, so the insurer will pay benefits to your designated beneficiary if you pass away.
If you have attempted to parse the language in a life insurance policy, you recognize that policies are filled with language and terms that are difficult to parse. This difficult to understand language is often used by insurance companies to justify specious grounds for denying or delaying an insurance claim. As a Florida life insurance claims attorney, I fight for policyholders and their families when insurance companies fail to process claims in a timely manner or refuse to pay the full value of a claim.
Because my office has represented numerous policyholders in insurance claims disputes, we understand the tricks and tactics insurance companies employ to mitigate their liability. Although some insurance disputes between beneficiaries and an insurer over benefits are legitimate disagreements over the interpretation of policy provisions, some disputes are the product of bad faith practices by an insurance company.
Insurance companies often do everything possible to avoid fulfilling their obligations under a life insurance policy, which includes but is not limited to the following:
- Offering no basis for denying a claim
- Taking an unreasonable amount of time to respond to a claim, so claimants abandon their claim
- Asserting irrelevant, insignificant or non-existent “material representations” in the policy application
- When a life insurance company fails to pay the benefits owed under a life insurance policy, you should never simply abandon your claim. Insurers routinely deny claims even though they do not have a sufficient basis for the denial. The insurance company, adjusters, and their lawyers are not on your side and not interested in protecting your interests. Our Florida life insurance law firm can help in the following ways:
- Analyze relevant state and federal laws
- Provide a free consultation to evaluate your claim
- Negotiate a settlement of the claim with the insurer
- Extensively review and interpret policy provisions
- Explore alternate dispute resolution strategies
- File a lawsuit for breach of contract or insurance bad faith
If you take on an insurance company, you will be facing a corporation with extensive resources at its disposal that include investigators, insurance defense lawyers and virtually unlimited litigation resources. Insurance carriers know that they have the advantage if you do not have legal representation. The decision to hire an insurance lawyer means that the insurer must take you seriously.
Beneficiaries under life insurance policies who have been denied benefits can balance the power in an insurance dispute by retaining proper legal representation. If you have questions about Florida insurance claims, you are welcome to contact my Miami life insurance claims law firm. My law firm represents policyholders in claims disputes in Miami and throughout Florida. The Law Firm of J.P. Gonzalez-Sirgo, P.A. offers free consultations and case evaluations. No Recovery, No Lawyer Fees. Call 305-461-1095 or Toll Free 1-866-71-CLAIM.