Types of Insurance Issues Our Virgin Islands Insurance Lawyers Can Help You Resolve
Suppose your property suffered damage as a result of a storm and you filed a claim with your insurer as you know your policy will cover this. After speaking with your adjuster and having him/her come out to assess the damage, you receive a settlement offer with an amount that is supposed to cover the cost of the repairs your home now needs. As you assess the offer, you realize that the amount stipulated is lower than what you estimated the damage to be worth. After going back and forth with your adjuster, you’re told that this is all you are entitled to despite the fact that your limits enable you to collect more.
What do you do in a situation like this?
Well, you could either accept the settlement and risk being underpaid, causing you to have to come out of pocket to complete all the repairs your home needs, or you can contact a Virgin Islands insurance claims lawyer to intervene. Typically, once a lawyer steps in to assist, your insurer will be more inclined to provide you with the benefits you are actually entitled to rather than an amount that is far less than what your damage was projected to be worth.
Your business insurance company denies your claim.
Although businesses go through ups and downs, business owners can often turn to their insurance company for financial relief given they have coverage for the specific type of loss they experienced. Unfortunately, insurance companies aren’t always eager to pay claims, especially those that are more costly. So, what do you do if your carrier denies your business insurance claim, yet you know your policy covers your loss? This type of situation can be handled in one of two ways. You can either accept your insurer’s decision and forgo recovering the money you need or you can retain an aggressive insurance claim denial lawyer in the Virgin Islands who can appeal the company’s decision and potentially get your claim approved.
Our Virgin Islands insurance attorneys aren’t only equipped to assist you with the two types of issues explained above. In fact, they are qualified to help you with any kind of insurance-related issue that involves any of the following types of insurance policies:
- Life insurance
- Renters insurance
- Health insurance
- Disability insurance
- Dental insurance
- Car insurance
- Flood insurance
So, if your policy was canceled without notice or you believe your claim is being mishandled, you can count on our dedicated and aggressive insurance claims lawyers in the Virgin Islands to provide you with the help you need.
Insurers Have an Obligation to You, the Policyholder
Although insurance companies make it appear as though they have the authority to handle a claim in the manner that they wish, this isn’t entirely true. You see, insurance carriers of all types are required to abide by certain laws. For example, §1201(a) of Title 22 of the Virgin Island Code states that “No person engaged in the business of insurance shall engage in unfair methods of competition or in unfair or deceptive acts or practices in the conduct of such business.”
The law also states that “the business of insurance is one affected by the public interest, requiring that all persons be actuated by good faith, abstain from deception, and practice honesty and equity in all insurance matters. Upon the insurer, the insured, and their representatives rests the duty of preserving inviolate the integrity of insurance” [Source: 22 V.I.C. §2]. Therefore, if your insurer attempts to act in bad faith or doesn’t provide you with the benefits your policy entitles you to, you can hold the company accountable.
To learn more about your legal rights as an insured, contact USAttorneys.com for help with locating an insurance claims attorney in St. John, St. Croix, or St. Thomas.
If your insurance company denied your insurance claim contact an insurance claim denial lawyer in Virgin Islands using the USAttorneys.com Insurance Claim Denial Law Firm locator. Select Virgin Islands then your county to be directed to a claim denial lawyer near me or call 866-335-8999.