Can I Sue If An Insurance Company Undervalues a Claim?
Wrongful Conduct Such As When An Insurance Company Is Engaging In Improper Denial of Coverage Deserves Strong Advocacy In Response. Professional Insurance Knowledge Including Skilled Advocacy May Uncover Options and Possibilities That Push An Insurance Company Into Reconsidering a Coverage Position.
Understanding the Rights and Duties of Insureds and Insurers Within Insurance Relationship Dealings
Standing up to fight against an insurance company requires specialty knowledge that helps to equalize the power imbalance that otherwise exists whereas an insurance company has the deep pocket financial resources to hire lawyers, forensic experts, among others, along with the internal staff that understands the applicable insurance principles and relevant legal statutes. These resources provide the insurance company with a significant advantage just when the insured bringing a claim needs help.
Insurance Law Cases Include:
Wrongful Coverage Denial
Involves insurance policy interpretation concerns.
Insurance Broker Errors & Omissions
Involves mistakes by professional insurance advisors.
Wrongful Coverage Valuation
Involves improper depreciation and other calculations.
Involves accusations of providing false information.
Undue Delays In Claim Process
Involves slowly progressing or excessive investigation.
Fraudulent Conduct Allegations
Involves accusations of false or exaggerated claims.
Professional Assistance For Your Situation May Be Needed If:
- Your insurance company wrongfully denied a claim;
- Your insurance company undervalued your claim;
- Your insurance company delayed your claim in bad faith;
- Your insurance broker failed to fully review your coverage needs;
- Your insurance broker failed to arrange coverage resulting in an uninsured loss; or
- Your premiums or deductibles unjustly increased.
Even in situations where all is being well looked after by insurance coverage, assistance in reviewing the final settlement release documents may be available before signing-off of further claim rights.
Assistance may also be available in providing Commissioner of Oaths services to commission sworn declarations including the Proof of Loss documents that finalize the claims process.
In Ontario, automobile insurance is subject to a system known as 'no-fault'. When automobiles, are damaged in an automobile accident, unique coverage issues...Learn More
The cost to defend a liability claim can be significant; accordingly, where an insurance is in place to provide coverage if the case is successfully proven,...Learn More
When insurance companies perform claim investigations to ensure against misrepresentation issues, among other things, insurers must stay within reasonable...Learn More
An insurance broker owes a stringent duty of care towards clients and failure to properly advise about coverage gaps may result in an errors or omissions...Learn More
An insurance broker or insurance agent may assist a client in completing an application for insurance; however, the client remains responsible for any errors...Learn More
As professionally trained experts, insurance brokers owe a duty of care to clients to diligently arrange insurance coverage and shop for competitive pricing.Learn More
An insurance policy is a unique type of contract. An insurance policy, being a contract, is formed based upon the same elemental requirements as all...Learn More
When property Is jointly owned by two people insured together and one person intentionally damaged the property, the innocent person remains covered by the...Learn More
When an insured person provides false information, intentionally or otherwise, to an insurance company, or omits information an insurance company would...Learn More
The principle of indemnity involves compensation equivalent to an incurred loss so that a person is put back into the same financial position as existed prior...Learn More
When a third party person causes harm it is unlikely that the insurer of the third party person played a role in causing the harm. Accordingly, naming the...Learn More
There is often much confusion about what is a trailer versus what is towable equipment. Knowing the difference can affect the insurance arrangements.Learn More
Insurance companies are required to investigate in good faith and promptly make payment on claims. Where an insurance companies denies coverage in bad faith,...Learn More