When an individual is forced out of work due to an injury or illness, they may become dependent on their life savings to make ends meet. For this reason, many individuals, particularly those in high-income occupations, choose to purchase disability insurance. Depending on the policy type, disability insurance can provide monthly benefits if the insured cannot perform certain job tasks or loss of income benefits should the policyholder have to switch jobs due to a disability. Theoretically, disability insurance will provide benefits if the policyholder becomes disabled due to an injury or illness. However, many policyholders encounter obstacles regarding the payment of disability benefits under their policies. If you have had your claim for disability benefits denied or undervalued, contact our insurance dispute attorneys for a free legal case review.
Unreasonable delays in payment, undervaluing of disability claims and unreasonable interpretation of policy language are often signs of insurance bad faith. Too often, the insurance company risks that the insured will accept a “low-ball” offer if it complicates the claims or benefit payment process. Meanwhile, as the insurance dispute is pending, the insurer collects interest and investment income on the money it isn’t offering to the policyholder.
Not every denied disability insurance claim is indicative of bad faith or unfair claims handling. There are many reasons why an insurer may question or deny a disability insurance claim. However, if the insurance company offers an implausible reason for denying your claim or shows other signs of insurance bad faith, you may want to speak with an insurance dispute attorney to learn your legal rights.
At Morgan and Morgan, our insurance law attorneys can help you identify potential claims against your insurance company for bad faith in the handling, payment or denial of a disability insurance claim. We have years of experience handling disability insurance disputes and can readily spot the signs of insurance bad faith. Our insurance attorneys can also accurately identify the losses which resulted from the insurer’s breach of contract. To find out if our insurance law attorneys can help with your disability insurance dispute, fill out the free legal consultation form on the right.
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