Live Oak, Florida
120 Howard St. E
Live Oak, FL 32064-3207
386-362-7979

3 Common Policy Clauses That Lead to Insurance Disputes February 14, 2018

Live Oak, Suwannee
3 Common Policy Clauses That Lead to Insurance Disputes, Live Oak, Florida

Both state and federal law offer an array of protections for insurance policyholders, requiring insurers to issue policies with specific language to protect their customers’ rights. Unfortunately, carriers often attempt to deny responsibility for valid claims, leading to extensive insurance disputes and litigation. Below are a few of the provisions which most commonly result in disputes and legal battles.

3 Common Sources of Insurance Disputes

1. Incontestability Clauses

insurance disputesIncontestability clauses prevent insurers from reviewing your original policy and denying valid claims based on minor mistakes or misinformation submitted by the insured. While insurers can dismiss a policy based on intentionally fraudulent information, the law gives insurance companies only a short period to contest certain errors. Generally, it’s assumed that if an issue didn’t present a problem in the years before the claim was filed, it doesn’t provide grounds for a denial.

2. Appraisal Clause

If you disagree with the insurer’s valuation of your losses, the appraisal clause requires both you and the insurance company to submit your information to a qualified third party. The appraiser generally settles these insurance disputes with a legally binding decision that both sides must accept.

3. Notice of Claims

Most insurance policies require policyholders to notify the insurer as soon as they believe they may need to file a claim. However, the extent of damage from a covered incident may not be immediately apparent, which sometimes results in delays. Insurance disputes often arise when carriers claim the policyholder failed to notify them in a timely manner.


 

Whether you’ve been involved in an accident or an insurance dispute with your own carrier, you can rely on the Prevatt Law Firm PL to represent your interests, both in mediation and in the courtroom. They’ve been serving North Florida for over 30 years, building a reputation for expertise in a wide range of insurance and business law situations. To discuss your case and schedule a consultation, call their office at (386) 362-7979.

Other Announcements, Events and Deals from Prevatt Law Firm PL
Top 3 Qualities to Look for When Choosing a Law Firm, Live Oak, Florida
Nearly everyone will hire an attorney at some point in their life. Even those who do not consider themselves to be litigious might need help settling a loved one’s estate or ope...read more
What Are the Most Common Types of Business Litigation?, Live Oak, Florida
Among the risks of doing business is the possibility of being sued or needing to file suit. At Prevatt Law Firm PL in Live Oak, FL, the experienced business litigation attorneys coun...read more
What Is a Boundary Dispute?, Live Oak, Florida
A boundary dispute is a legal case that arises from property owners’ disagreements over the limits of their respective lands. There are a few different scenarios that can cause this ...read more
3 Essential Environmental Law Acts That Cleaned Up The Country, Live Oak, Florida
Thanks to certain environmental law acts designed to protect the natural surroundings, Americans are more aware of their air and water quality, which is the first step to l...read more