What types of financial loss are covered under disability insurance policies?
While lost income is the most common type of loss covered by disability insurance policies, some policies also cover other types of loss due to disability. For example, if you own a business, you might want to consider a disability insurance policy that covers business overhead expenses.
Does disability insurance pay disability benefits for life?
While some disability policies pay benefits during the lifetime of the insured, most policies provide payments until the policyholder turns a particular age, for instance, 65.
Do policyholders need to be aware of surveillance and ongoing investigations even after a claim is approved?
Once an insurance company has approved your disability claim, you will still be closely monitored. This scrutiny may include surveillance, physician statement forms, continuing claimant statement forms and even intermittent medical examinations.
Will your insurance company try to minimize your payments even if it acknowledges that you are disabled?
If your insurance company concedes that you are disabled, the carrier can still try to minimize coverage. If you are “totally” disabled, the insurance company will owe the maximum disability benefit. Therefore, the insurance company will often claim you have “residual” rather than "total" disability. Residual disability essentially refers to partial disability.
What types of hoops will the disability carrier typically make you navigate when you submit a claim?
There is a wealth of documents and other procedures that you will need to navigate when making a disability insurance claim. Your insurance company may place you under surveillance. Your medical providers will be asked to complete physician statement forms. You will be required to complete claimant statement forms. You may be asked to submit to "independent" medical evaluations, field interviews, and recorded statements.
You can reach Miami Long Term Disability Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Attorney Gonzalez-Sirgo directly at [email protected].