Suing Your Insurance Company? Here’s What You Need to Know

We may think that the first step to suing an insurance company is calling a  lawyer, but before doing that, it’s important to understand what’s involved with this process.

Suing insurance companies is no small endeavor and it is not something to take lightly. It can be very expensive and take up a significant amount of time and resources. Not everyone can afford costly lawyer fees.

Let’s take a look at what to expect when suing an insurance company and the steps involved. 

Reasons for Suing an Insurance Company 

There are various reasons why we may want to sue our insurance company. We may feel they treated us unfairly, especially during our time of need.

They may have denied a claim for no good reason, or delayed funds for excessive periods of time, putting us in a greater financial hardship. 

Some insurance companies may not negotiate claims at all, or completely neglect to discuss important information regarding the claim. They may take longer than is acceptable to relay this information, making matters worse. 

Hire a public adjuster to help with these types of situations. They help with filing claims and disputes and often 

Public adjusters know everything that company adjusters do but work on behalf of the policyholder. They’ll explore the ins and out of the policy coverage.

Since they’re familiar with what the insurance company is looking for, they can address specific issues within the claim and provide thorough documentation to support the claim. 

The desired result is for the insurance company to positively respond to the claim and payout a reasonable amount. In addition, public adjusters help to speed the process along so a claim is paid out much faster.

After suffering a financial loss, speedy access to funds is crucial, and policy adjusters aid in speeding up the process, especially for property damage claims

We’ve examined how public adjusters can help settle a claim with an insurance company. Now let’s take a look at what to expect when hiring an attorney. 

What’s Involved When Suing an Insurance Company?

We’d begin by hiring a lawyer for representation.

Our lawyer and the insurance company’s lawyer would look for relevant information during a period of time called discovery

Lawyers will gather information and depose witnesses. There will be miscellaneous fees associated with this costly process, which can add up. The attorney’s responsibility is to provide information as it arises. 

Attorneys work to settle the lawsuit out of court. However, if a settlement can’t be reached, things may advance and go to trial.

This can be stressful as the policyholder suing the insurance company will often have to testify during the trial. There’s no guarantee that at the end of this lengthy, expensive process a court will rule in favor of the policyholder.

It’s important to weigh the pros and cons of suing an insurance company and deciding if hiring a lawyer is what’s best.

The Bottomline

Getting an insurance company to cover a claim can be a tricky process. It’s essential to keep proper documentation and understand the policy’s coverage. 

Consider every option before suing an insurance company. Remember that public adjusters know everything that the insurance company’s adjusters do, but are hired to work for the policyholder to expedite swift, fair compensation.

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