When you lose a loved one, whether it is by surprise or after a long battle with an illness, it is a difficult situation. When dealing with grief or shock, you must make important decisions or plans. In this critical time, you must learn that the deceased family member choose you as the beneficiary.
Before you opt for a life insurance claim lawsuit, New York, know that as the beneficiary, you are likely to receive the benefits of the insurance policy. But in case, the insurance company denies your claim, you can opt for a lawsuit taking the help of an expert lawyer. In this guide, you will learn more about ways to counter a denied life insurance claim.
Can a Lawyer Help in This Situation?
In case, your life insurance claim is denied, you should take the help of an experienced lawyer who can be on your side. When you have solid legal representation, you can fight for the insurance benefits that you deserve. Your loved one whether they are alive or deceased wanted you to be the beneficiary.
Why Do Insurance Companies Deny Life Insurance Claims?
It is quite common for life insurance policies to have contingencies that can void the coverage. A life insurance claim may be denied for multiple reasons but the best thing is that you can file a denial dispute and still receive all the benefits. One of the common reasons why companies deny claims is due to premium delinquency.
Premium delinquency usually occurs when the policyholder does not pay their premiums when due, this leads to a lapse in coverage. They may not want to let their policy expire and this might have occurred due to an accident or oversight. Before you look to file a life insurance claim lawsuit, New York, know that there is another reason why an insurance claim may be denied.
What Are Other Reasons for an Insurance Company to Deny an Insurance Claim?
A material misinterpretation of the policy application is another reason why an insurance company may deny the life insurance claim. For example, the insurer may choose to deny the claim if the policyholder does not inform about a serious health condition. It can even be a lifestyle such as having a history of using tobacco, diabetes, or other chronic conditions.
Final Words
As mentioned above, there are multiple reasons why a life insurance claim may be denied, but if you want the benefits, you must fight for them. Before you opt for a life insurance claim lawsuit, New York, consult with a top lawyer in your area who can help you with all the legal process.
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