What To Do When Disability Insurance is Denied
There are some cases in which the insurance company denies disability insurance claims by the policyholder. Whether the company claims they do not owe you due to unclear contract claims, or refuse to accept the doctor’s diagnosis, it can be extremely difficult to defend yourself in an injury claim against insurance agencies. Check out the reasons why you should get disability insurance and what to do when things go wrong.
What is Disability Insurance?
When unable to attend work, a periodic payment plan is set in place for the injured person. The coverage ranges anywhere from 45% to 65% of your expected income in order to cover your expenses during your illness or injury recovery. It may seem unnecessary to get insurance now in case of a life debilitating injury or illness, but if you have a family, most insurance agents would consider it necessary to plan for the worst.
Why Get Disability Insurance?
There are similar disability insurance paths like Social Security, but disability insurance can be used at anytime, not just when you reach a certain age. Some employers provide disability insurance for employees, but usually it will not cover near as much as a private disability insurance policy would. Those with little or no employer provided coverage can buy private disability insurance in order to protect their earning power and provide for their families in case of an injury.
Types of Disability Insurance
Short term disability insurance has a waiting period of up to one month to 2 years of services provided. Long-term disability may take months until approved, but provides maximum benefits for the duration of your life, if necessary. If the policy is cancellable, that means you can renew every year for the same benefits and no additional cost. Guaranteed renewable policies guarantees a policy but gives the agent the ability to raise premiums based on other insured people in the same bracket.
Legal Issues for Disability Insurance
Unfortunately disability insurance policies are cause for legal disputes. In many cases, disability insurance rejects very specific, unexpected injuries that leave people without any money or support to recover and get back to work. Sometimes the doctor is challenged by the insurance company who believes that the claims are exaggerated or pre-existing. In many cases, policyholders are forced to pay out of pocket for the charges denied by the insurance company.
If you or someone you know has been critically injured, but was denied disability insurance claims, contact Colley & Colley law firm in Tyler, Texas for a free consultation. We will help you get the treatment for the price you deserve.