First-Party Insurance Claims
We understand that recovering from a catastrophic event can be overwhelming, especially when you rely on your insurance to help you rebuild. Many business owners invest in commercial insurance policies for peace of mind, but navigating the claims process can often lead to frustration and uncertainty. If you find yourself facing claim denials or reduced payouts, our experienced first-party insurance claim lawyers are here to advocate for your rights and ensure you receive the compensation you deserve.
Your Advocate for First-Party Insurance Claims in New Orleans
After a significant disaster, finding solace in the knowledge that recovery is possible can be invaluable. Many business owners achieve this peace of mind by investing in commercial insurance policies. However, they often find themselves in need of a business interruption attorney to navigate the complexities of their claims.
Policyholders generally expect their insurance providers to support them during challenging times. For instance, business owners justifiably believe that their first-party insurance policies will safeguard their enterprises and help them remain operational after unforeseen disruptions.
Unfortunately, dealing with insurance companies can be extremely challenging, as they frequently attempt to minimize payouts to policyholders. This is where a first-party insurance claim lawyer from Kirin Law Firm can provide essential assistance.
If you find yourself in a dispute regarding a first-party insurance claim, reach out to our New Orleans insurance attorneys today at (504) 309-2996.
Understanding First-Party Insurance
First-party insurance covers losses or damages sustained by the individual or entity named on the policy, referred to as the first party. This coverage is delivered through financial compensation from the policyholder’s insurance provider, known as the second party. The first-party policyholder may be an individual, their family, occupants of a vehicle, or a business.
When the first-party policyholder submits a claim, it is directed to their own insurance company. The extent of recovery is determined by the terms agreed upon in the policy.
First-party insurance policies are contracts that outline the responsibilities and obligations of both the insured and the insurer. For example, a business owner with a first-party insurance policy expects their coverage to protect their interests.
Most individuals will hold some form of first-party insurance at some point in their lives. Common types include:
- Personal Injury Protection (PIP)
- Homeowners Insurance
- Auto Insurance
- Business Insurance
- Health Insurance
- Uninsured Motorist Coverage
- Renter’s Insurance
- Life Insurance
- Disability Insurance
- Medical Coverage under an Auto Insurance Policy
Expectations After a Disaster
In theory, a business owner should expect that when a covered event, such as a fire or natural disaster, disrupts their operations, their business interruption insurance will cover the resulting losses during recovery.
However, many business owners discover that their insurance companies may not provide the expected support. Insurance companies, like any profit-driven entity, often focus on maximizing their profits, which can lead to reduced payouts, delayed payments, or outright claim denials.
Fortunately, business owners have options. They can consult with an experienced first-party insurance claim lawyer to advocate on their behalf and ensure their insurance provider fulfills its obligations.
Insurance Companies and Good Faith
If you are facing a claim denial, reduced payment, or delayed compensation, our firm is here to help. Policyholders expect their insurance companies to be reliable partners in times of need, as outlined in their contracts. However, despite taking all the necessary steps, insurers may be reluctant to honor their commitments.
When an insurance company fails to meet its obligations to the first-party policyholder, it constitutes a breach of contract. Unfortunately, it is common for individuals and businesses to find themselves at odds with their insurers.
In such cases, the first party has the legal right to file a first-party insurance dispute. With the assistance of a knowledgeable first-party insurance claim lawyer, claimants can pursue the coverage they deserve.
Common Unlawful Practices by Insurance Companies
It’s essential to recognize that the definition of bad faith insurance can vary by state. In Louisiana, policyholders can take legal action against insurers for various reasons, including:
- Failing to negotiate claims in good faith when they could and should have done so
- Making claims payments without providing a clear explanation of the coverage involved
- Delaying settlements when the obligation to pay is evident
If your claim has been denied or you are involved in a first-party dispute with your insurance provider, or if you suspect your insurer is acting in bad faith, reach out to Kirin Law Firm.
Why Choose Kirin Law Firm?
Navigating insurance law can be complicated, especially when dealing with powerful insurance companies that may not prioritize their clients' interests. By working with an experienced insurance claim lawyer, you can ensure that you have a dedicated professional on your side to advocate for your rights.
Our firm consists of skilled attorneys who specialize in first-party insurance claims and understand the tactics that insurers may use to undermine your claim.
Don't let your insurance company take advantage of you.
Contact Kirin Law Firm today at (504) 309-2996 for a free consultation and let us help you navigate the complexities of first-party insurance claims in New Orleans.