Insurance Disputes: How to Make Sure You Get Your Money’s Worth

Thursday, January 14, 2016, PM | Leave Comment

It comes as a shock to many people to find out their insurance claim has been refused. The truth is the legal system is frequently overwhelmed by disputes between well-funded insurers and their policyholders.

The motivations are rather clear—both sides want their money.

If you’ve made a legitimate claim that is in dispute, the following are strategies you can use to make sure you get your money’s worth.

  • Dispute 101: Record Keeping

    If you can arrange it, documenting every interaction you have with your insurance company is worth it, especially if there is even a remote chance of a large-scale claim in the future.

    The reason is because even the most well-funded insurance company can’t guarantee consistency over a long interval, and any slip-up by a company representative might be the difference between a paid claim and years of fruitless litigation.

  • Plan Your Jurisdictions

    This is an issue you will likely need to consult an attorney on right after you receive your policy.

    If your insurer is in another state, you will find any legal action might involve federal jurisdiction, which is a far different proposition from a simple matter in state court.

    If at all possible, keep your insurance company close to home, because distance can be a huge obstacle in a dispute.

  • Read Your Policy

    It is alarming how many people are willing to sign their name multiple times, only to find out five years later they never read their policy and have no idea their claim has no merit to begin with.

    Insurance is one of the most complicated subjects in law. Getting an expert to read your policy is practically a necessity.

    Getting more than one expert is even better.

  • Do Your Research

    If at all possible, you might want to see if you can speak with the current and former customers of your insurance company to see if they have had any problems with the claims process.

    Many people will think that a rejected claim means the issue is over, but this doesn’t have to be the case.

    If you’re unsure about your next steps, consult a professional.

    According to a specialist with Steven P. Roberts Personal Injury Lawyers, you can take the issue to court even if your claim is refused.

    You may have more options than you realize, which is why it’s always wise to seek counsel before moving forward.

Insurance is supposed to protect you from losses. It isn’t supposed to become a source of new problems.

Doing the legwork ahead of time will help guarantee you really are covered in the event of a claim.

In the long run, it will be worth the extra effort.

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