St. Petersburg Insurance Coverage Dispute Lawyer
Insurance coverage disputes arise with frequency in the St. Petersburg area and for various reasons. They happen when an insured policyholder or a third party submits an insurance claim to cover damage, and the insurance company says that it will not cover the damage. In some insurance coverage disputes, the issue of dispute is whether the insurance policy applies at all and whether the claim is eligible for any type of coverage. Under other circumstances the amount of coverage may be in dispute, or the value of the claim. Contact our experienced St. Petersburg insurance coverage dispute lawyer to receive assistance with your coverage dispute.
Common Reasons for Insurance Coverage Disputes in St. Petersburg
When insurance coverage disputes arise in St. Petersburg, as we noted above, they can involve disputes over the issue of any coverage, the value of damages, the nature of specific coverage, and more. Why do these disputes arise? There are many different reasons, such as:
- Insurance company or policyholder made an error in reading or interpreting the language of the policy;
- Policyholder made an error in the details submitted in the claim, or omitted certain information that was required for the claim to be properly processed;
- Insurance company made a mistake when assessing the submitted claim;
- Insurance investigator or adjuster made an error when conducting an initial investigation or an appraisal of the claimant’s damages;
- Insurance policy limits prevent the claimant from obtaining coverage;
- Dispute over whether coverage lapsed or the policy was lawfully canceled; and/or
- Bad faith.
Whether the coverage dispute has arisen over an error that can be cured, or a material dispute that must be resolved by other means, one of the insurance coverage dispute attorneys at Geyer Fux Tyler can help.
St. Petersburg Insurance Coverage Disputes and Bad Faith
When insurance companies enter into agreements with insured policyholders — agreeing to provide insurance coverage in exchange for the policyholder making timely premium payments and complying with other requirements for coverage set forth in the language of the policy — the insurance company has a duty to act in good faith. What does that mean? In short, the insurer must begin investigating any submitted claim within a reasonable amount of time, and if it denies a claim wholly or partially, it must provide detailed information to the insured policyholder about why the claim or coverage is being denied.
If an insurance company does not act in good faith in investigating, processing, and paying out a claim, it may be acting in bad faith. When an insurer acts in bad faith, and a coverage dispute arises out of an insurer’s bad faith, an insured policyholder may be able to file a bad faith claim.
Contact Our St. Petersburg Insurance Coverage Dispute Lawyers Today
No matter what type of coverage dispute you are dealing with, the attorneys at Geyer Fuxa Tyler have years of experience working to ensure that insurance companies comply with the terms set forth in insurance policies. Contact our experienced St. Petersburg insurance coverage dispute lawyer today.