You use insurance coverage as a means of managing risk for a lot of things, including your house, car, and even health. In exchange for premiums, your assets will be protected from certain risks.
Although a lot of insurance companies honor their obligations when the time comes, there are times when insurance companies deny valid insurance claims, as these companies have a financial interest not to offer you compensation or payment. Insurance companies have cash reserves that they have to maintain. Providing you with compensation will cost them money, and they will have to replenish those cash reserves by either reducing profit or raising your premiums.
The first thing you need to do if an insurance company denies you compensation is hire the services of lawyers, like
Evan Granowitz and
Timothy Pagel, who are well-versed in insurance coverage disputes and litigations. Second, you need to be steadfast. Just because an insurance company denied you compensation because it interpreted your policy in a manner which they can deny you coverage does not mean that they are right. Third, let your lawyer review your policy and your claim when your insurer denies your claim.
If the facts are straight and there is evidence that you are being deceived by your insurer, then your lawyer can take the appropriate action to ensure that you get what you are owed.
The Wolf Group LA website is an excellent resource for people who need expert legal assistance.
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