Orlando Life Insurance Lawyer
The loss of a family member is devastating, particularly when it is as a result of a sudden loss such as a motor vehicle accident. It is often difficult to know what steps need to be taken to ensure the financial well being of your family after such an event. People purchase life insurance policies to protect their family and loved ones. Life insurance is an agreement between a person and an insurance company (insurer), by which the insurance company agrees to pay a certain amount of money upon the death the policy owner (insured). However, life insurance companies often look for an excuse to deny a valid claim, contact our Orlando life insurance lawyers today.
Upon the death of the policy owner and the initiation of the life insurance claim, life insurance companies begin an investigation and processing of the claim. This includes reviewing the initial application and any later amendments executed by the insured. Essentially, the insurer is looking for any misrepresentation, error, omission, or concealment by the insured on any document as an excuse to deny the claim. Often times, life insurance companies deny claims where the insured missed a premium payment at some point, which they argue resulted in a lapse of coverage.
People typically undergo major changes throughout their lives. They get married, divorced, have children or may lose a loved one. Such changes need to be addressed immediately by the policy owner, as it up to them to notify the life insurance company and be clear as to who the named beneficiaries are under the policy. Changing and naming a beneficiary is a task that can only be done by the policyholder. The beneficiaries are recorded by the insurance company so that the right person will receive the benefit. Changing a beneficiary after the policyholder passes away is difficult, but can be done in a very small number of circumstances. It has to be proven in court that fraud, incompetency or some other situation existed, requiring a change in the beneficiary of the life insurance policy.
If you have lost a loved one who had a life insurance policy, you will need to file a life insurance claim to receive your settlement. Life insurance can cover funeral costs and medical expenses and can act as a source of income for those left behind. Delays in investigating the claims, requests for recorded or sworn statements, and requests for endless amounts of documents are just a few of the numerous challenges faced in attempting to have insurance claims honored by insurance companies. Insurance companies have a team of adjusters, investigators and attorneys whose goal is to minimize the amount of money they pay.
Contact An Experienced Orlando Life Insurance Lawyer Today
Therefore, it is important for you to seek the advice of an Orlando life insurance claims lawyer in order to protect your rights to fair compensation. At Israoui Law, we understand how insurance companies operate, how they think, and what tactics they use. Our goal is to make sure insurance companies live up to their obligations and our clients receive the fair treatment they deserve and the law requires. We work side by side with you to ease the worry of having to fill out forms, request information, and speak to insurance adjusters. We welcome the opportunity to meet with you with regard to any potential life insurance claim. There is never any charge for an initial consultation and we are happy to schedule appointments at your home or at a location that is convenient for you. We represent clients on a contingency fee basis. If for any reason there is no recovery, then we receive no fees or costs. Simply stated, we are paid fees and costs only if you win. At Israoui Law, personal attention matters.