Underpaid Insurance Claim
Underpaying insurance claim has allowed insurers to reap huge profits over the past few years. By cutting a small amount of a policyholder’s claim payment from a large amount of claims the insurers are skimming from the coverage payments that are needed to repair their customers property. The inconvenience this underpayment causes you is unquestionably not the “good hands” or “good neighbor” treatment you thought you were getting when you purchased the policy.
Insurers use various tactics to try to under pay claims. Among other tactics to cause underpayments of your valid claims insurers often; use unreasonable depreciation that has no basis for the age and useful life of the item, quote unreasonable percentages of overhead and profit, use outdated and faulty price lists in areas where construction prices have gone sky high, use unreasonable basis for the calculation of your business losses, and fail to correctly price specialty items.
Although the carrier might ultimately pay the claim in full the delay gives them the benefit of the money for a longer period of time. This allows them to benefit from holding the money for a little longer by earning interest and putting off the need to report the payment for an extended period of time. Insurance companies count on you to be happy that you finally received the payment and therefore not exercise any rights you might have in asserting claims for the late payment.
If the insurance company is underpaying your claim the Berniard Law Firm can help you receive the full value for your claim. If the company is found to have unreasonably underpaid your claim it is possible that Bad Faith damages could be awarded. The underpayment of your insurance claim has severe implications and you need an experienced insurance attorney to help counsel you through the claims and litigation process.
The Berniard Law Firm filed hundreds of lawsuits against insurance companies after Hurricane Katrina. The insurance companies consistently underpaid claims by asserting various faulty reasons for doing so. The Berniard Law Firm fought for its client’s rights and recovered millions of dollars from insurance companies after they wrongfully underpaid insurance claims. Our attorneys have the experience and expertise necessary to help protect your rights in these complex matters. No all underpayment of insurance claims lawsuits go to court. Many settle for substantial sums after the insurance company is made aware of their potential liability for their egregious actions.
Speak With a Berniard Law Firm Attorney Today
Call us at (504) 521-6000 to speak with a Berniard Law Firm Attorney about your Underpayment of Insurance Claim case. You can also complete the contact form and a Berniard Law Firm Attorney will contact you in the next 4 hours. All initial consultations are free and all cases are handled on a contingency fee basis. This means there are no costs to you unless a settlement or award by the court is adjudged. You have nothing to lose, call today and a Berniard Law Firm Attorney will begin immediately working on your case so you can get the compensation you deserve.
Co-Counsel and Expert Consultation Services
The Berniard Law Firm is happy to take on any role necessary to help individuals and businesses in their fight against insurers. The Berniard Law Firm has worked in a variety of roles as lead counsel, co-counsel, as well as consultation and expert services. Our attorneys have worked with corporate counsel, corporate risk managers, public insurance adjusters, corporations, contractors, during the claims adjustment, investigation, litigation, and all phases of the claims process to help resolve coverage disputes. Call the Berniard Law Firm today to speak with an attorney regarding our services.
We thank you for your time and look forward to working with you to ensure you get the coverage you paid for.