Insurance Lawyers specialize in the law that governs the business of insurance. Although companies are regulated by the Department of Insurance in each state, they often try to skirt the rules, deny valid claims and manipulate claimant files to appear that they are in compliance with the law. Most commonly, insurance lawyers represent people who have had an insurance claim denied or who were subjected a company’s act of bad faith, as well as insurance fraud.
Companies specialize in many different types of insurance. Although some insurance, like car insurance, is required by law, others are optional. It is important to get familiar with the options to protect yourself from liability, even if the insurance is optional. Below are example of the different types of insurance.
- What Does My Automobile Insurance Cover?
- Does My Insurance Always Cover My Car?
- What if I’m Injured by an Uninsured or Underinsured Driver?
- Automobile Liability
- What is No Fault Auto Insurance?
- What Is Commercial Insurance?
- Types of Commercial Insurance
- Why Should I Buy Commercial Insurance?
- My Commercial Insurance Company Denied My Business’ Claim. What Should I Do?
- Types of Health Insurance Plans
- What Happens to My Health Insurance If I Change Jobs?
- Privacy of Medical Information?
- How Do Courts Define Health Care Fraud?
- Types of Life Insurance Policies
- What is Mortgage Life Insurance?
- Life Insurance Beneficiaries
- Medical and Life Insurance in Divorce
- What Is Property Insurance?
- What Is Homeowner’s Insurance?
- Earthquake Protection Under a Homeowner’s Insurance Policy
- My Homeowner’s Insurance Company Denied My Claim. What Should I Do?
Professional liability insurance
This type of insurance is also known as also called professional indemnity insurance (PII) or errors & omissions (E&O). It protects professionals whose service involves giving advice from negligence or malpractice actions brought by clients. The most common professionals protected by this insurance are:
Denial of Claim: Reasons that an insurance company may deny a claim include, but are not limited to:
- Incorrect patient/claimant identification information
- Coverage is terminated
- Services are not covered
- Member failing to update insurance with other insurance information
- Timely filing/ statute of limitations
- Coverage/policy exclusions
- Pre-existing conditions
- Fraud or misrepresentation
Bad Faith: Insurance companies are required by law to deny or approve claims in good faith. However, it is very common that insurance companies will deny the claim in bad faith. This is a legal term and that will result in a civil claim against the insurance company. Companies have been liable for bad faith for delay in handling claims, lack of investigation, refusal to defend a lawsuit, refusal to make a reasonable offer to settle and the irrational interpretation of the insurance policy.
- What Is Bad Faith?
- How Can I Tell if My Insurance Company has Acted in Bad Faith?
- My Insurance Company has Acted in Bad Faith, What Should I Do?
States vary in their state laws regarding insurance and what constitutes bad faith. If you find yourself in a situation where your claim is denied or you suspect the insurance company is acting in bad faith, you should contact an experienced insurance attorney as soon as possible.