Texas Insurance Claim Denial Lawyer and Houston TX Insurance Claims Denial Attorneys
Texas Insurance Law.
Insurance regulatory law includes statutory laws, administrative regulations and jurisprudence that governs and regulates the insurance industry. State oversight controls regulations, rules, and directives that set the framework for the type and manner of insurance available to the public. When providers do not adhere to state regulations, an attorney specializing in insurance laws can be of assistance with policy contracts and claims processes to protect policyholders. Policyholders should be aware of the types of insurance coverages available, and what to look for when purchasing viable coverage options for individual needs. Insurance attorneys can be helpful with policy reviews, as well as interaction with companies who do not uphold the terms of the insurance documents, when claims become problematic.
General Insurance Claims Denial in Houston TX.
General insurance is a contract that offers financial compensation on any loss other than death, including compensation for financial loss due to liabilities related to homes and property including motor vehicles, recreational and watercraft, car, bike, health insurance, travel insurance, workers’ compensation insurance and matters related to businesses, such as liability, or business interruption. The insurance company promises to pay a sum assured to cover damages to property, person, and health, losses due to theft and fire, or even financial problems during travel.
Houston TX Homeowner Insurance Claims Denial.
Homeowner’s insurance covers individual, or nonbusiness property. It was introduced in 1958, and replaced the method of insuring individual property under the “standard fire policy.” Owning a home comes with the uncertainty of property damage during storm seasons in every state. Unfortunately, most people do not own their homes without a mortgage that requires homeowners insurance coverage as a condition of having a mortgage. In the event that anything happens to the house, the bank needs to secure their financial interest in the insured property. This sometimes puts individuals at risk of accepting a subpar carrier that they might not otherwise make a contract with. As consumers, homeowners are frustrated by companies that drop policyholders if they cannot make payments on time; but that does not mean they hold themselves to the same standards when it is time to make payment on a legitimately filed claim. Insurance companies are always happy to receive premium payments, but sometimes they are not quite as eager to pay claims. When individuals purchase insurance and claims are denied, policyholders may need an insurance lawyer to fight for the benefits that were purchased.
Recovery under homeowner’s policies is limited to losses due directly to the occurrence of an insured peril. Losses caused by some intervening source that are not insured by the policy are not covered. Insurance disputes arise in many ways. An insurer may not offer fair value for property damage under a homeowner’s policy, or an insurer will deny a claim, supporting it by placing fault on the policyholder, stating that they intentionally caused the loss. Other claims are denied when because insurers blame late insurance premium payments. There are times when only partial benefits are approved for payment. When individual’s claims are denied due to dishonest dealings as a matter of company policy, policyholders should contact legal counsel to assist in the settlement of the matter. Denial of legitimate claims on a paid-up policy could be an incident of consumer fraud, which is actionable in court.
Houston TX Business Insurance Claims Denial.
Insurance for business property follows a pattern that is similar in many ways to the one for individual property. A commonly used form is the “building and personal property coverage form” (BPP). This form permits a business owner to cover in one policy the buildings, fixtures, machinery and equipment, and personal property used in business and the personal property of others for which the business owner is responsible. Coverage also can be extended to insure newly acquired property, valuable papers and records, property temporarily off the business premises, and outdoor property such as fences, signs, and antennas.
Texas Business Interruption.
The health of the economy would be at stake if the United States were ever to fall victim to a national emergency, or pandemic that would stop the activity of businesses. Business insurance helps shield businesses from devastating financial loss during unprecedented events such as an outbreak of an infectious disease. The types of business insurance coverage that could protect against infectious disease pandemics are business interruption, worker’s compensation, directors and officers, and errors and omissions. Business interruption is a standard component of a business property insurance policy. This type of coverage is designed to protect businesses against lost profits due to interruptions to their operations. Interruptions can include disease, communicable or infectious. Business interruption coverage is triggered when there is physical damage to the property. In the case of a pandemic, contamination is considered damage. Business interruption insurance would cover the cost of decontamination and sanitation of the premises. Workers’ compensation protects workers in various work-related situations that cause them damage.
Houston TX Workers’ Compensation Insurance Claims Denial.
Workers’ compensation is a form of insurance that provides the replacement of wages and payment for medical benefits of injured workers. Individuals who have suffered work-related injuries that occurred during employment can use their right as an employee to sue their employer for negligence, often including payment for medical expenses, mental health counseling, lost wages, and pain and suffering. Each state has their own workers’ compensation laws, contained in state statutes that vary in accordance with each state. Federal government employees have their own workers’ compensation laws, with additional variations for specific industries such as the railroad. The state statutes require every business to have some form of workers’ compensation to cover employees who are injured on the job, or as a result of the work, or working environment. Filing a workers’ compensation claim is similar to filing insurance claims, requesting work-related benefits instead.
The identification of the relationship between an employee and their employer will have some bearing on the manner in which a workers’ compensation attorney can help, either with filing claims, or by initiating legal action to seek compensation. Damages may include lost wages, medical care, wrongful death loss, and pain and suffering, which may cost an employer far more than purchasing the appropriate workers’ compensation insurance at the outset.
Houston TX Health Insurance Claims Denial.
Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. There may be difficulty in choosing a health insurance plan because of plan rules regarding in- and out-of-network services, deductibles, co-pays, and more. The Affordable Care Act has prohibited insurance companies from denying coverage to patients with pre-existing conditions and has allowed children to remain on their parents’ insurance plan until they reached the age of 26 since it began in 2010. Medicare and the Children’s Health Insurance Program (CHIP) are two public health insurance plans that target older individuals and children. Medicare also serves people with certain disabilities.
Managed care insurance plans require policyholders to receive care from a network of designated healthcare providers for the highest level of coverage. When patients seek care outside the network, they must pay a higher percentage of the cost. In some cases, the insurance company may even refuse payment outright for services obtained out of network. Insurance companies may also deny coverage for certain services that were obtained without preauthorization. In addition, insurers may refuse payment for name-brand drugs if a generic version or comparable medication is available at a lower cost. All pertinent rules should be stated in the material provided by the insurance company and should be carefully reviewed.
Houston TX Motor Vehicle Insurance Claim Denial.
Motor vehicle insurance is a contract between an insured and an insurer, where the insurer assumes the risk of any loss the owner, or operator of a motor vehicle may incur through damage to property, or persons as the result of an accident. There are many forms of motor vehicle insurance policies, specific to the kinds of risk that they cover, in accordance with the laws of each state regarding minimum coverage. State statutes of limitations limit the period of engagement for litigation when damages are not covered.
Houston TX Life Insurance Claims Denial.
Life insurance is a contract that offers financial compensation in case of death, or disability. Some life insurance policies even offer financial compensation after retirement, or a certain period of time. Life insurance helps individuals secure their family’s financial security in the event of death. Individuals either make a lump-sum payment while purchasing a life insurance policy or make periodic payments to the insurer. These are known as premiums. In exchange, policyholder’s insurer promises to pay an assured sum to your family in the event of death, disability or at a set time.
Term. Term insurance is a basic insurance that covers individuals for a specific period of time and beneficiaries get a lump sum upon an individual’s death. If an individual survives the term of the insurance coverage, no money will be paid to individuals, or families.
Whole life. Insurance that covers individuals for their lifetime is called whole life and beneficiaries receive an agreed upon sum per the individual policy after the policyholder dies. A family receives a certain sum of money after a policyholder’s death, along with an accrual bonus of a specified amount based on certain factors outlined in the policy.
Endowment. Endowment policies are similar to term policies because they are only valid for a period of time, and a lump sum will be paid to beneficiaries upon a policyholder’s death, but after the term has ended, individuals will receive maturity proceeds.
A Unit-Linked Insurance Plan. A combination of insurance with an investment component is a unit-linked insurance plan. A portion of the premium paid by the policyholder provides insurance coverage to the policyholder and the remaining portion is invested in equity and debt instruments. The aggregate premiums collected by the insurance company providing such plans is pooled and invested in varying proportions of debt and equity securities in a similar manner as a mutual fund.
There are other more tailored life insurance policies available to individuals, but they are unique to each case and a Houston TX insurance lawyer can review the details of insurance contracts before they are executed. This is one mechanism to safeguard a policyholder’s interest in protecting their person, families, property, and businesses.
Denied Insurance Claims in Houston TX.
If a denied claim cannot be settled between the parties of the contract, then legal action will be based on state and federal insurance laws. Insurance policies are a contract between the insured party and the provider, so when a dispute arises about questions of coverage, or denial of legitimate claims comes up, the state contract laws will be the basis of argument for a policyholder’s case. Contract law governs most of insurance dispute proceedings. Regarding claims filed, insurance companies should offer fair compensation in a timely manner and may not “low-ball” offers of settlement, or delay payments. Insurance companies have certain clauses in their contracts that are specific to their needs, and not always seen in general contract law. Before an individual enters into any type of insurance policy agreement, they should familiarize themselves with the language and relative laws that apply to the document. If an individual has questions regarding the basics of these clauses, an experienced Houston TX insurance attorney may be of assistance and respond on an individual’s behalf.
Reasons for Insurance Claim Denials in Houston TX.
- Company does not want to pay, perhaps bad faith contract.
- There was a mistake on the application.
- Lack of coverage: The claim does not cover the damages a policyholder is seeking.
- The claim was not filed correctly.
- Policy modifications were made after a claim was filed.
- Misrepresentations of a policyholder’s true damages.
After insurance denials occur, policyholders should keep open lines of communication with provider insurance companies and share concerns. Written correspondence is best in the event a policyholder needs to show the timeline of their actions and requests that should be supported by the policy language.
Find an Insurance Claim Denial lawyer in Houston TX.
Experienced insurance claim denial lawyers in Houston TX are a valuable resource for policyholders when insurance claims are denied, or when general and life insurance documents need legal review.
If your insurance company denied your insurance claim contact an insurance claim denial lawyer in Texas using the USAttorneys.com Insurance Claim Denial Law Firm locator. Select Texas then your county to be directed to a claim denial lawyer in Houston or call 866-335-8999.