If
you are having a dispute with your insurance company, contact us for
help.
Insurance
companies know how to work the law in their favor. We have the experience
and knowledge to do the same for you so you get the benefits you paid
for.
Wikidpedia defines
insurance as:
'the equitable
transfer of the risk of a potential loss, from one entity to another,
in exchange for a premium.'
Insurance companies
literally bank on the percentages of insurance benefits they can avoid
paying. The less they pay, the higher the profit margins. Insurance
companies do not limit the promises they make to the amount of money
they can afford to pay out in benefits. They, in fact, are not required
to retain assets to cover all the promises they make to their customers.
Nor do they increase profits by paying as much as they owe.
Insurers benefit
only by taking as little risk as possible, charging premiums for their
promise to pay in the event of a disaster; and paying only as much
as they absolutely have to. Insurers know how much they can afford
to pay out, and what percentage of claims they need to deny to stay
within their desired profit margin. To meet desired and projected
profits, which are exhorbitant in the favor of the company, they seek
methods to reduce claim payments while increasing sales of premiums.
Some companies construct formulas upon which claims are routinely
denied. This systematically decreases your chances of being paid all
that you are owed.
When companies
intentionally create claim denial practices based on percentages or
profit margin, they commit a crime. This action is called insurance
bad faith.
Bad Faith is
defined as:
...a malicious
motive on the part of a party in a lawsuit undermines their case.
It has an effect on the ability to maintain causes of action and obtain
legal remedies. - Wikipedia
In one form of
insurance practices, the insurer's intent is to hang on to the money
you've paid them, regardless of the validity of your claim. Companies
have been known to randomly deny claims based on a profit-oriented
formula , without providing claimants a fair and reasonable consideration.
Punitive damages
- If the more powerful party to a transaction refuses to properly
deal with its legal obligations and must be sued in order to force
it to pay money that is clearly owing, courts will often punish litigants
who take the position that the worst thing that can happen after a
trial is that they will have to pay the money owed anyway. - Wikipedia
An unfair insurance
claim denial can be devastating. And it happens every day. If your
insurance company is guilty of bad faith or unfair claim denials,
you need an expert insurance lawyer on your side to ensure the law
works in your favor.
Bouthis &
Mann have won landmark cases. Our firm has been featured on, and assisted
with, major media expose's of insurance industry bad faith. We are
the insurance lawyers who have been instrumental in bringing national
media attention to bad faith insurance companies.
Whether you have
a homeowners, disability, health, life insurance or long term care
claim that has been unfairly denied, we are the insurance lawyers
who can assist you in obtaining the benefits you deserve.
We Can Help. Call
Us Now!
1-800-264-2082