Insurance Coverage and Claims

Insurance is defined as, “A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils.” The most common types of insurance a person will carry are: 1) Auto Insurance, 2) Homeowners’/Tenants’ Insurance, and 3) Life Insurance.

Auto Insurance

By law, every single person who owns a car is required to have liability insurance for the vehicle. Most people, however, also carry collision and comprehensive coverage for their vehicles. Those types of coverage allows a person to be compensated for damage done to a vehicle in an accident, or if the vehicle is declared a total loss due to a theft. Most problems arise when a vehicle is stolen and the insurance company either denies the claim, or refuses to pay what the vehicle is work (i.e. “fair market value”). In such cases, you may have to sue your own insurance company. We recommend that you try to resolve the claim on your own first. However, if you have been formally notified in writing that the claim is being denied, or you are sick of dealing with it on your own, please give us a call. We are open Monday-Friday. Please note that you must bring a lawsuit against your insurance company for the loss to your vehicle within one year of the date of loss.

Homeowners’/Tenants’ Insurance

Homeowners’/Tenants’ Insurance protects you against certain types of losses to your personal items (i.e. clothing, jewellery, etc.) as well as to certain types of damages to the structure of your home/apartment. Problems often arise when your insurance company either denies the claim altogether, or refuses to pay the value of the loss. In such cases, you may have to sue your own insurance company. We recommend that you try to resolve the claim on your own first. However, if you have been formally notified in writing that the claim is being denied, or you are sick of dealing with it on your own, please give us a call. We are open Monday-Friday. Please note that you must bring a lawsuit against your insurance company for the loss within one year of the date of loss.

Life Insurance

Life Insurance provides that the insurance company will pay out the amount of the policy upon the death of the policyholder (i.e. the person who bought the insurance policy) to the persons named as beneficiaries in the policy. However, sometimes the insurance company refuses to pay. If you have formally been notified that the insurance company is refusing to pay the proceeds of a life insurance policy, please give us a call. We are open Monday-Friday. Please note that in most cases, you must bring a lawsuit against the insurance company within two years from the date of death.