Delayed Insurance Claim
Delaying the payment of your insurance claim is more than just a mere annoyance. Your insurance carrier should process and pay all valid claims in a timely manner. The consequences of delaying your valid claims often cause the inability to repair your property and other inconveniences. Insurance laws prescribe set timelines for the payments of your claims and an insurance carrier who runs afoul of the law could be found to be acting in bad faith.
Insurers use various tactics to try to shift the delay of the payment to you. Among other tactics to cause delay in paying your claims insurers often; ask for unnecessary documentation before processing a claim, fail to provide explanations for the delay hoping that you will not question the late payment, state they are still investigating the claim when there is no good faith reasonable basis for doing so.
Although the carrier might ultimately pay the claim in full the delay gives them the benefit of the money for a longer period of time. This allows them to benefit from holding the money for a little longer by earning interest and putting off the need to report the payment for an extended period of time. Insurance companies count on you to be happy that you finally received the payment and therefore not exercise any rights you might have in asserting claims for the late payment.
If the insurance company is delaying the payment of your claim they must have good faith reasonable basis for doing so. If the company is found to have unreasonably delayed the payment of your claim it is possible that Bad Faith damages could be awarded. The delay of the payment of your insurance claim has severe implications and you need an experienced insurance attorney to help counsel you through the claims and litigation process.
The Berniard Law Firm filed hundreds of lawsuits against insurance companies after Hurricane Katrina. These insurers delayed payments time and time again. The Berniard Law Firm fought for its client’s rights and recovered millions of dollars from insurance companies after they had wrongfully delayed the payment of valid insurance claims. Our attorneys have the experience and expertise necessary to help protect your rights in these complex matters. No all delay of payment lawsuits go to court. Many settle for substantial sums after the insurance company is made aware of their potential liability for their egregious actions.
Speak With a Berniard Law Firm Attorney Today
Call us at (504) 521-6000 to speak with a Berniard Law Firm Attorney about your Denial of Payment Insurance Claim case. You can also complete the contact form and a Berniard Law Firm Attorney will contact you in the next 4 hours. All initial consultations are free and all cases are handled on a contingency fee basis. This means there are no costs to you unless a settlement or award by the court is adjudged. You have nothing to lose, call today and a Berniard Law Firm Attorney will begin immediately working on your case so you can get the compensation you deserve.
Co-Counsel and Expert Consultation Services
The Berniard Law Firm is happy to take on any role necessary to help individuals and businesses in their fight against insurers. The Berniard Law Firm has worked in a variety of roles as lead counsel, co-counsel, as well as consultation and expert services. Our attorneys have worked with corporate counsel, corporate risk managers, public insurance adjusters, corporations, contractors, during the claims adjustment, investigation, litigation, and all phases of the claims process to help resolve coverage disputes. Call the Berniard Law Firm today to speak with an attorney regarding our services.
We thank you for your time and look forward to working with you to ensure you get the coverage you paid for.