Insurance Claims
If you are reading this, you are likely experiencing an insurance claim delay or denial. Our Chicago insurance lawyers have built our firm and professional reputation by assisting people and businesses with insurance claims. We can help you. Some background on the business of insurance may provide you with a bit of perspective on your insurance claim experience.
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Accidents Happen
Life is risky. Accidents happen, homes are damaged or destroyed, auto collisions occur, people become disabled, and people pass on. Insurance allows an individual, family or business to protect against the risk of loss. Insurance is designed to transfer the risk of loss from an individual, family or business to the insurer. The individual or business purchases insurance to protect against a future potential event. The insurance purchase is buying a promise. Insurance companies are great at marketing and selling their policies and collecting insurance premiums.
Insurance companies have unfortunately also become great at delaying and denying insurance claims. In many cases, they are not keeping their promise to the insurance policyholder. Insurance companies make money by selling insurance policies. Insurance companies lose money when they pay claims! What a concept. That concept is important to keep in mind. Their marketing makes you feel all warm and toasty and protected. Their claims departments are often there to take away what you feel you have paid for.
If you are experiencing an insurance claim delay or denial, understand that the insurer is motivated to keep its money, not to pay you money. Insurance companies try to limit their losses as much as possible with these claims. Our attorneys and auto accident attorneys at the Blumenshine Law Group can help you understand your options for maximizing your insurance recovery.
Filing a Claim
An insurance claim is made after you have sustained a loss. With the help of our lawyers, you may be able to obtain insurance proceeds from an insurance company if the loss is insured. The loss may be:
- Death of a family member
- Bodily injury
- Physical destruction of all or part of your business
- Physical destruction of your home
- Physical destruction of another valuable property
Types of Insurance Claims
Your claim may be a claim against your own insurance policy. A claim against your own insurance company is known as a "first-party claim." Examples of insurance policy claims against your own insurance company:
- Life insurance claims
- Disability insurance claims
- Business interruption insurance claims
- Property damage insurance claims
- Theft insurance claims
You may have a claim against the insurance policy of an individual or company that caused your loss. A claim against the insurance policy of another individual or company is known as a "third-party claim." Examples of insurance policy claims against another party's policy include:
- Claim for injuries due to an auto collision
- Fall at a home or place of business
- Damage to your property due to another's negligence
When making an insurance claim, you are a lone claimant against a savvy, wealthy, experienced goliath - the insurance company. They can out maneuver you in multiple ways. Our experience collecting insurance claims will help level the playing field.
What should I do if my insurance claim is denied?
If your insurance claim is denied, you can contact the company and ask for a detailed explanation of the reasons for denial. If you are not satisfied with their answer, you can ask for an independent review by a qualified professional. If the claim is still denied, you may want to consult with an attorney who is experienced in insurance law.
Chicago Insurance Lawyers Protecting your Rights
Contact an insurance lawyer at the Blumenshine Law Group online. Call or text us at 312-766-1000 or email [email protected] for a free consultation to discuss your insurance claim, your legal rights, and options for maximizing your insurance recovery.