Both businesses and individuals benefit from insurance as a financial safeguard. Many insurance policies are purchased to protect against potential losses, but many policies’ dense technical language can be complex for consumers to understand. To protect its interests, a company should seek legal counsel early in the claim process to ensure that it complies with any policy requirements and, as a result, retains coverage. If coverage exists, an insurer must pay claims or defend lawsuits filed against you; it cannot simply ignore them.
Georgia law imposes statutory penalties on insurers who wrongfully fail to pay first-party claims. When third-party claims are not reasonably and timely evaluated, a commercial claims lawyer Atlanta GA area can file a bad faith action. Sometimes, an insurance company will ask a court for a declaratory judgment that an insurance policy does not cover a specific loss. A policyholder should have legal representation to protect their policy rights.
It’s aggravating to have a damage claim denied. Your insurance company may properly deny your damage claim in certain circumstances. Some of the most typical causes of claim rejection are as follows:
Insurance companies owe you a duty of good faith. They must be honest and resolve your claim as soon as possible. While most insurance companies follow the law, some will violate your rights to profit. You have the legal right to sue an insurance company that acts unfairly. Our skilled commercial claims lawyer Atlanta GA understands business insurance law and the various types of commercial insurance coverage, allowing us to construct solid cases for trial or negotiation on behalf of our clients.
If your legitimate claim was denied in bad faith, your attorney could assist you in filing a lawsuit. Whether your insurance company failed to investigate your claim promptly and adequately, denied your claim for false reasons, or used misleading policy terms to make a sale and lead you into a false sense of security, the law in Georgia is on your side if your insurer knowingly deceived you.
In a bad faith lawsuit, you can also seek additional damages in addition to the losses caused by commercial property damage. Understand that you have two years from the date of the deceptive act or your diligent discovery of the act to file a lawsuit for bad faith on a property damage claim in Atlanta, GA. Insurance companies should not be permitted to exploit business owners and their stakeholders. We sue insurance companies to assist policyholders like you in obtaining fair and appropriate compensation.
You might be about to buy commercial property insurance and have wisely decided to consult with an insurance claims attorney. This is a wise decision, and The Chad T. Wilson Law Firm can provide you with valuable information and insights. Our firm has a long history of representing property owners in court. We are well-prepared to provide insurance law advice to you.
You may be in more dire circumstances if your commercial property has suffered a loss event such as a fire, flood, theft, vandalism, or damage caused by utility outages. Our attorneys are skilled policy evaluators, and we can help you cut corners on your road to recovery. We can take aggressive action to support your claim if your insurer mistreats you. From anywhere in Georgia, contact The Chad T. Wilson Law Firm to learn about our availability as commercial property insurance policy reviewers.
If you have issues with your insurance company, you should contact a commercial claims attorney immediately. An experienced legal professional can assist you in recovering business losses and protecting your future financial interests.
Our company understands that each property damage claim has its own circumstances. At first glance, you may believe that a lightning-caused fire harmed your company. An investigation, however, may reveal that a faulty product caused the fire. In that case, we may wish to file a product liability claim against the manufacturer for the defective item. This could give people another option for getting insurance.
In most cases, the answer is no. Insurance companies are motivated by profits and will try to persuade you to accept an offer significantly less than what you deserve. We can help you reach an amicable settlement.
