Bozeman Insurance Coverage Disputes Lawyer
Accidents are inevitable. Due to the unpredictability of life, most of our most valuable assets are insured to protect the unforeseen circumstance. However, insurance companies are like every business, and profitability is always a driving factor in decision-making. Insurance companies’ narrow policies attempt to limit the recovery to only the narrowest of circumstances.
When an insurance company argues against covering the damages of an accident, the argument they will place often falls into a technical interpretation of the definition of their policy. Insurance companies will do all that they can to prevent the company from paying for damages.
At Beck, Amsden & Staples, our experienced personal injury attorneys will not stand down in a fight against insurance companies. Insurance companies must be held accountable and cannot continue to weasel away from their obligations that hard-working Montana citizens pay for. Our Bozeman insurance coverage disputes lawyers will not let insurance companies bully you into getting less than you deserve. Call our Bozeman insurance coverage dispute attorneys today for your free consultation.
What is an Insurance Coverage Dispute?
An insurance coverage dispute is a disagreement between an insurance company and a policyholder – a person who has an insurance policy with the company. Most disputes are about whether or not the policyholder’s claim is covered under the policy. The insurance company may deny coverage for a variety of reasons, including if a complex claim is out of scope or if the policyholder does not have the required coverage.
Common Types of Insurance
Some of the more common types of insurance include:
- Life Insurance
- Health Insurance
- Disability Coverage Insurance
- Auto Insurance
- Home Insurance
- Travel Insurance
Insurance Settlement Laws in Montana
In Montana, insurers are required to pay or deny the submission of a claim within thirty (30) days from the date you submitted your claim. If a policyholder requests additional information on the settlement claim, this deadline can be extended to sixty (60) days. If they are indeed required to cover your losses and they fail to respond to your claim within the given deadline, they are required to pay both the amount plus an additional 10% annual interest from the date of your submission.
Principles of Insurance Coverage
Insurance policyholders are protected from insurers based on principles that insurers are legally entitled to follow. Understanding these principles is the first weapon an insurance policyholder can use against an insurer refusing to provide coverage. These principles include:
- Principle of Utmost Good Faith – Insurers must act in good faith in covering the interests of the insured. An insurer must provide transparency regarding the policies and conditions of the policy.
- Principle of Proximate Cause – If your loss is the result of several causes, the nearest cause must be one that’s covered by the insurance.
- Principle of Insurable interest – The insured should be the owner of the subject matter (e.g. a car) that is being insured.
- Principle of Indemnity – For property insurance, the insurance company is required to cover the costs of the damages up to the amount the policy is required to cover.
- Principle of Subrogation – After your losses on a particular subject matter have been covered, the subject matter may be classified as the property of the insurance company.
- Principle of Contribution – If there or more than one insurer for a particular subject matter, both insurers will be required to contribute unless one can prove that the cause of the accident was the fault of the other.
- Principle of Loss Minimization -The insured is required to minimize the losses to the property. Any negligence or intentional damage will be spelled out in the insurance policy to nullify potential claims.
Find a Bozeman Insurance Coverage Lawyer to Help Today
Insurance companies will do all that they can to prevent paying more than they are required to. An insurance lawyer will help you find out if your losses are covered under your insurer’s policy, interpret the fine print in your policy, compile the documents needed to prove your claim, determine a viable legal strategy, and represent you in heated negotiations with insurers.
At Beck, Amsden, & Staples, our Bozeman insurance coverage attorneys will make your case a priority. Our lawyers are renowned for their experience in successfully representing our clients against insurance companies. We know how hard you work and the livelihood that is placed in your assets. Our Bozeman insurance coverage lawyers will fight for you every step of the way. Contact us today for your free consultation.