When folk pay for an insurance plan, they are expecting to be paid. This is because when you enter into an insurance contract it is done so on the understanding of the implied covenant of fair dealing and of good faith. But there are occasions when an insurance corporation will reject your policy, and it may be illegal for them to do so. When this doesn't happen this is categorised as an act of insurance bad intentions. At this point, it may be sensible to chat to a seasoned team of Los Angeles Lawyers who concentrate on cases like these.
For the protection of the public, California law decreed that insurance carriers have a duty bound right to treat each and every case without bias and with the same level of urgency. Neglecting to defend this would subject the insurer to extra liability. Other states have terribly similar laws, but the law was developed in California and remains particularly powerful.
There is possibly little worse than religiously paying an insurance premium only to find that when an unlucky event occurs and you do file for a legitimate claim, your claim gets denied for no definite reason. This leaves you utterly stranded and doubtless awfully upset. But why does it happen?
A Los Angeles attorney explains that insurance corporations are just like any other business and are out to book a profit in order to survive. For a carrier, this means getting in as many premiums as practical whilst paying out as little as attainable. There's little wrong with this business design and it's certainly not an illegal practice. Nonetheless where the line is crossed is when a fair and legitimized claim is denied
Underhand insurance adjusters
It could be the insurance adjuster is purposefully rejecting claims or paying out a lot less than they should because they are looking to make that profit. They need to give a 'no ' in writing so examine the reason closely against the claim.
For the protection of the public, California law decreed that insurance carriers have a duty bound right to treat each and every case without bias and with the same level of urgency. Neglecting to defend this would subject the insurer to extra liability. Other states have terribly similar laws, but the law was developed in California and remains particularly powerful.
There is possibly little worse than religiously paying an insurance premium only to find that when an unlucky event occurs and you do file for a legitimate claim, your claim gets denied for no definite reason. This leaves you utterly stranded and doubtless awfully upset. But why does it happen?
A Los Angeles attorney explains that insurance corporations are just like any other business and are out to book a profit in order to survive. For a carrier, this means getting in as many premiums as practical whilst paying out as little as attainable. There's little wrong with this business design and it's certainly not an illegal practice. Nonetheless where the line is crossed is when a fair and legitimized claim is denied
Underhand insurance adjusters
It could be the insurance adjuster is purposefully rejecting claims or paying out a lot less than they should because they are looking to make that profit. They need to give a 'no ' in writing so examine the reason closely against the claim.
About the Author:
Now day insurance is one of man's prerequisites. Georgiana Sailey shares an article how a Los Angeles attorney and group of Los Angeles attorneys can help understand insurance cover.
