INSURANCE - Overview of Laws and Lawyers
Insurance law is the legal practice that oversees the insurance business, and how insurers develop policies and handle insurance claims. Insurance laws protect consumer by making sure an insurer will do what they are obligated to do by the terms of the policy, and by ensuring that insurance companies do not make filing or collecting on an appropriate insurance claim impossible or prohibitively expensive and time consuming. Any party who feels aggrieved, bullied, or mistreated by an insurance company should work with an insurance attorney for the appropriate legal remedy.
Filing an insurance claim is required by insurance companies to recover damages after an accident, recovery medical costs, or to recover for the loss of an insured object. An insured party may only file a claim within the coverage terms in their insurance policy. Upon notifying the insurance company of a claim, the insurance company will investigate the claim and see if the damage caused is covered by the insurance policy, and to what extent the insurance company is required by the policy and insurance law to reimburse the party filing the claim. One purpose of insurance laws is to resolve any disputes that arise when an insurance company refuses to reimburse a policyholder based on a claim that has been filed. If an insured party is not reimbursed, and feels that they should be, they should consult an insurance attorney.
Insurance attorneys can help parties in a dispute with an insurance company. Whether an insured party is trying to negotiate a coverage agreement or trying to fight an insurance company's decision to deny a claim, an insurance attorney is a valuable asset. Any party considering filing suit should work with an insurance attorney prior to taking any action.