After you suffer the loss of a spouse, parent, or loved one, the last thing you should worry about is a denied life insurance claim. While dealing with the emotional difficulty that comes with loss, you might also face serious financial setbacks after your loved one’s death. Medical bills and funeral expenses can stack up quickly, not to mention recurring monthly bills. It can be very difficult to pay for these expenses without the financial assistance you expected from a life insurance policy.
If your claim was denied, it is important to know your rights and figure out what you can do next. Life insurance companies have a responsibility to treat each claim fairly and to act in good faith. This means the company must review your claim and respond in a timely fashion. If your insurance company delays payment or fails to investigate your claim to a reasonable extent, you may need the help of a life insurance lawyer.
There are a number of reasons your life insurance company might deny your claim. If the death occurred during a contestability period, which is generally within 2 years of creating the life insurance plan, your insurance company is very likely to investigate. They may also claim that, in the fine print, the type of death is not covered under your loved one’s policy. While some types of death, such as suicide, are often not covered, these exclusions should be plainly stated and universally understood.
To put it plainly, life insurance companies do not have your best interest at heart. As kind or helpful as they may seem, it is important to remember that they are in the business of making money, and if your insurance company fails to fulfill their legal obligations to you and your family, you have a right to fight for the reimbursement you deserve.
The most important thing to do after learning your claim was denied is to contact a life insurance lawyer. Our skilled attorneys can review your case and determine whether or not your insurance acted in bad faith, underpaid your claim, or in any other way acted poorly. Don’t wait to seek justice, let our firm help you and your family fight for your life insurance claim.
Contact Haynes & de Paz, P.A. today to discuss your case with an experienced life insurance lawyer in Longwood.