Denied Insurance Claim
A policy of insurance is a fiduciary indemnification contract. A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. In simple terms this means that the insurance company should treat your claim as if it were there own claim they were adjusting. The indemnity part of the equation causes the insurance company to compensate another party to a contract for any loss that such other party may suffer during the performance of the contract. Once again in simple terms this means the insurance company should pay all claims that fall within the terms of the policy.
The insurance company received your premiums year after year and now owes you the coverage you paid for. If you filed an insurance claim against your insurance company for damages then this is called a First Party Insurance Claim. The fiduciary indemnification contract causes the insurance company to be held to a higher standard in its dealing with First party claimants than if they were dealing with a third party claim such as an auto accident claim against one of their insured drivers.
If the insurance company is denying your claim they must have good faith reasonable basis for doing so. If the company is found to have unreasonably denied your claim it is possible that Bad Faith damages could be awarded. The denial 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. The denial of claims was the modus operandi of insurance companies after Hurricane Katrina. The Berniard Law Firm fought for its client’s rights and recovered millions of dollars from insurance companies after they had wrongfully denied insurance claims. Our attorneys have the experience and expertise necessary to help protect your rights in these complex matters. No all denial of coverage 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 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.