What Does Insurance Attorney Mean?
An insurance attorney is a professional who is knowledgeable and experienced in insurance law and insurance practice. He or she represents either an insurance company or an insurance policyholder in a claim dispute. Most of the time, insurance claimants engage them when they encounter settlement problems with their insurance companies involving property losses, disability, errors and omissions insurance, professional liability, car repairs or replacement, medical reimbursements or healthcare services, among other claims.
Insuranceopedia Explains Insurance Attorney
Insurance companies are expected to fulfill their end of the obligation in an insurance contract in exchange for the premiums paid by the policyholder when the insured eventuality occurs. Some companies, however, resort to bad faith practices and commit fraud and other wrongful acts, such as delaying or denying payment of claims even if there is no legitimate reason to do so to avoid paying out money. This is a clear violation of the covenant of good faith signed by the insurer and the insured. Insurance claimants who find themselves in such situations often engage the services of insurance attorneys.