You bought insurance to protect you financially in case something unexpectedly goes wrong. For example, if a storm damages your home or your business is vandalized, your insurer should pay for repairs for damages covered under your policy.
However, many Nevada policyholders find that insurance companies are more interested in protecting their own financial interests than they are in helping people recover what they have lost.
As a result, insurers partially or fully deny many claims filed by insured parties. Insurers will cite all kinds of reasons for denying a claim, but not all of them are legitimate. It is up to the insured to fight for the benefits they believe they are owed.
Why do disputes occur between insurers and policyholders?
Insurance disputes can occur for many reasons, and may be caused by insurers, insured parties, or both. Some insurance disputes may occur when the insurer:
- Fails to properly handle information relating to the claim
- Fails to properly communicate with its insured
- Fails to properly pay contractors and other third parties
- Takes too long to resolve the claim
- Claims lack of coverage (damage falls under a policy exclusion etc.)
- Denies claim without reason
Insured parties may also be responsible for some of these insurance disputes. The insured may:
- Fail to file their claim on time
- Make errors while filing their claim
- Fail to provide thorough and accurate information
- Fail to provide supporting documentation
While some of these disputes can resolved outside of the courtroom through a settlement, some disputes can only be resolved in court. Professionals with experience in insurance law can help assist you in resolving your dispute.