Insurance claims

What is an insurance claim?

An insurance claim is a formal request by a policyholder to an insurance company for coverage and/or compensation for a covered loss or policy event. The insurance company validates the claim first and, once approved, issues payment to the insured or an approved interested party on behalf of the insured. Insurance claims can cover everything from death benefits on life insurance policies to routine and comprehensive medical exams. In many cases, third-parties file claims on behalf of the insured person, but usually, only the person(s) listed on the policy is entitled to claim payments.

How Insurance Claims Work

A paid insurance claim serves to indemnify a policyholder against financial loss. An individual or group pays premiums as consideration for completion of an insurance contract between the insured party and an insurance carrier. The most common insurance claims involve costs for medical goods and services, physical damage and liability resulting from the operation of automobiles, property damage and liability for dwellings (homeowners, landlords, and renters), and the loss of life.

Riley and Riley Law Firm

You pay for insurance every month for many years. And then sadly, when an accident occurs, the insurance company delays payment and tries to deny the claim or pay you less than you are owed. This is part of a strategy they use to increase their profits, at your, the policyholder’s expense. At The Law Office of Riley & Riley, we put a stop to this abusive practice. We make sure the company pays what it owes and compensates you for the attorney fees and time you spend upholding your policy. From homeowners’ insurance claims to automobile accident claims, we have the experience and knowledge you need to battle the giant insurance companies and their many lawyers. Call us now!