For many people, purchasing insurance adds a layer of protection from unexpected events, such as accidents, illnesses and injuries, property damage, and natural disasters. With so many types of insurance coverages available, most people are bound to experience at least one insurance claim during their lives. While insurance companies have an obligation to handle claims promptly and act in good faith, they have sometimes undervalued, delayed or denied the claim without an appropriate explanation or notice. Therefore, it is important for policyholders to be informed about their legally protected rights. Because there are so many types of insurance available, there are also many types of claims that can be filed. Continue reading for more information on some of the different types of insurance claims.
Property Loss Claims
Through a home insurance policy, homeowners are able to protect themselves from the financial implications due to property damage. If your property is damaged as a result of a natural disaster, catastrophe, a vandalism or robbery, or if someone is injured while on your property, depending on your level of coverage, you are expecting that your insurance company will pay out the full amount of your claim. However, an insurance company may unfairly deny or delay the payment of your claim due to inadequate investigation. If this occurs in your situation, you have the right to seek legal counsel from an insurance lawyer.
Auto Insurance Claims
Auto insurance is mandated by law for anyone who owns or drives a vehicle. If you are involved in a car accident, you will need to file a claim directly with your insurance company. Depending on your level of coverage, there are several types of claims that can be filed under an auto insurance policy, including physical injuries, property damage, uninsured motorist coverage, collision coverage, and liability. If your insurance company does not provide a sufficient investigation or unfairly denies your claim, you, as the policyholder, have a right to seek legal advice.
Disability Claims
Disability insurance can provide coverage for either long-term or short-term disability, or both. By paying the insurance premium, you as the policyholder, are eligible to make a claim for disability benefits in the unfortunate of an injury or disability that may prevent you from working. However, insurance companies may wrongfully deny your claim.
Life Insurance Claims
Life insurance claims are filed after the death of the insured. When making a life insurance claim, you will need to submit the relevant claims forms, along with certified copies of the insured’s death certificate. Texas law indicates specific timelines for when a life insurance claim must be paid out by the insurance company.
While this is not an exhaustive list of potential insurance claims, it gives an idea of your legal rights as it relates to your insurance company or companies. In summary, you may need to consult with an insurance lawyer if your insurance company denies the full payment of a claim that you believe you are entitled to, if they are delaying the payment of a claim, or if they have terminated paying out for benefits that they have previously paid. If you believe that your insurance company is not abiding by the terms stated in your policy, or by Texas insurance laws, a lawyer can assist in resolving matters by defending your rights during the claims process.
Whether your claim is concerning short-term disability, long-term disability, critical illness, sickness, accident, life insurance, auto insurance, or home insurance, the Lawyer Referral Service of Central Texas can help you to find a qualified insurance lawyer in the Austin or surrounding area. Contact us for more information or to schedule a consultation.
