Insurance, in particular, car insurance, acts as a vital barrier between parties. Also, it is one of the most commonly held contracts in the United States (Source.) Mostly, it operates as a contract where the insured pays a premium to the insurance companies. In turn, the insured seeks reimbursement in case of inevitable losses. Examples of losses include sickness, death, property damage, and others. But insurance companies operate under several different statutes and judge-made law.
When there is a claim, a claimant may or may not get represented by a lawyer. But sometimes it is beneficial to have legal assistance. Thus, you can help make sure you get the full value of your claim. So Ehline Law helps victims get a fair shake when they need help. This informational piece below should help you understand more.
When there is a claim related to a policy holder’s insurance claim, there is a procedure to follow. So the victim may get hurt from a slip and fall at your house or place of work of business, for example. But the insurance company will often hire an attorney to represent them. Also, they will have a battery of actuaries, adjusters, and other professionally trained personnel.
These insurance defense attorneys and staff, are often used in cases of car accidents. Their primary concern is to defend their policy holder if they are getting sued. Usually, a plaintiff is making a liability insurance claim over their injuries. Also, the law does not allow the insured to determine when the insurance company must pay a claim. So the carrier gets time to investigate claims reasonably. But it must be a reasonable delay.
Also, insurance companies hire lawyers to ensure the company complies with the law. These laws could be local, state, federal law, and regulations. But sometimes the carrier acts in bad faith and waits way too long. Next, insurance can fall into many categories.
However, much discussed here is under the purview of private insurance companies and policies. These can include companies covering health insurance, auto insurance, and life insurance. But there is also municipal insurance, title insurance, malpractice insurance, and homeowner’s insurance.
- Benefit: The compensation given by the insurance company in case of a loss.
- Claim: A request for a benefit in the event of a loss.
- Coverage: Types of losses which would be compensated by the insurance company.
- Insurance Agent: Licensed representative that sells insurance policies.
- Insured: The person that would receive the benefit. With life insurance, the insured would be the deceased. But the beneficiary would receive the benefit.
- Policy: Agreement for coverage signed by the insurance company and insured.
- Premium: Payments to establish and keep the plan.
An Injury Attorney’s Role after a Claim.
In the case of a claim, the insurance company will often hire an attorney to represent the insured. These are often advocates working with the enterprise. So they will not get paid by the insured. In some cases, the insured chooses which attorney should represent them in and out of court. However, in both instances, there have been concerns whether or not all lawyers are fair. After all, they git hired by the insurance companies. So will they fight until the end for the policy-holder?
The insured doesn’t foot the bill. So will the advocate back out before the injured or aggrieved is adequately compensated? One of the issues that commonly comes up is their specialization. Most attorneys have some knowledge of insurance law. But not all lawyers become specialized in either insurance or personal injury.
Making sure the attorney representing you is one of the most difficult parts of your life. So you must assure the attorney is sufficiently qualified. And this is a critical factor. For more information or a free consultation, please do not hesitate to call Ehline Law. Our number in L.A. is (213) 596-9642.