- Insurance companies make money on your premiums and lose money on every claim they pay out. For this reason, they are reluctant to pay out claims.
- Insurance companies will wait as long as possible to pay out claims because the money is generating revenue for them until it is paid.
- Strict time limitations apply to all claims. If you wait too long to file your claim, a statute of limitations may prevent you from filing.
- An insurance company is legally responsible to act in good faith regarding your claim.
- An insurance company that tries to eliminate your coverage once you have made a claim is likely violating the law.
- Any misleading content in your insurance policy must be interpreted in your favor.
- When dealing with an insurance company, the more eyewitness accounts and evidence you can provide the better.
- If you are injured by someone without insurance or with less insurance than you, file a claim with your own insurance company for uninsured or underinsured motorist benefits.
For more information, please contact Tichenor & Dziuba LLP to schedule a free consultation.