Tuesday, September 1, 2009

New York Insurance Coverage Disputes

This is an issue that was presented to me recently: perhaps storm damage to your home or car leaves you and your family at a huge loss. Just when you thought "thank goodness we were insured", comes bad news......the insurance company denies all or part of your claim for the loss. There can be other similar situations. You are a property owner or general contractor and someone is injured on your property or construction site and sues you for their damages. Just when you thought "thank goodness we were insured", comes bad news......the insurance company denies your request for defense and indemnification against their personal injury claim. Unfortunately, in this economy, this happens frequently and it is reported that the denial of valid insurance claims is increasing as insurance companies try to protect their bottom line in today’s tough economy. THIS IS THE TIME TO READ YOUR POLICY AND CONSULT WITH AN ATTORNEY. Often times an insurance company may deny or disclaim coverage because of its own erroneous application of the insurance policy provisions and exclusions. A good attorney will listen to your concerns, review your policy and the law, provide you with an objective and knowledgeable assessment of your legal options, and formulate a plan for the successful resolution of your insurance dispute.

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