Umbrella Policy Litigation Attorney Georgia
When dealing with an insurance company you need a Decatur, Georgia umbrella policy litigation attorney on your side. When making an insurance claim, you can expect the insurance company to attempt to give you the smallest payout possible, including when you make an insurance claim under an umbrella policy. If you are making an umbrella policy insurance claim to protect your assets, it’s important to have a skilled and experienced attorney like Andrew Lynch on your side to ensure you receive every dime that you deserve.
What can Decatur, GA umbrella policy litigation attorney The Law Offices Of Andrew Lynch do for you?
Andrew assists clients who are dealing with an insurance company acting in bad faith. If you have been involved in an accident that resulted in another party suffering substantial damage, your umbrella coverage may be the only thing protecting you from a civil lawsuit. But what if your insurance company refuses to honor your umbrella rider despite the fact that your claim is valid and you are loyal, paying customer? This scenario is not uncommon.
By law, insurance companies have a duty to pay fair settlements for valid claims. By their very nature, umbrella policy claims involve large damage amounts because insurance of this kind is intended to provide coverage when the individual’s regular insurance is insufficient. Those who have umbrella coverage pay higher premiums with the reasonable expectation that the coverage will do as the insurance company has promised: protect them from loss.
If the insurance company does not fulfill its legal obligation to act in good faith and protect you from loss, Decatur, GA’s umbrella policy litigation attorney Andrew Lynch, can make sure that you get the money you need from the insurance company to protect your assets and your life from someone else’s claims.
What is umbrella insurance?
Umbrella insurance is extended liability insurance that can be purchased from most insurance providers. This “extra” insurance is designed to protect the insured against having to pay damages out of pocket when they exceed the amount covered under a regular liability insurance policy. A common example of when an umbrella policy may come into play is in a multiple-vehicle accident. Umbrella insurance also helps to pay for the costs of litigation when being sued for things such as negligence or even slander or libel.
What coverage will an umbrella policy offer me?
The exact coverage your umbrella policy provides depends upon the insurance company and the coverage or rider you select. Individuals who purchase umbrella coverage can choose riders for their home as well as for their automobile and other vehicles. The policy will usually cover property damage, medical costs for treatment of injuries, and reimbursement for personal injuries. It should also include compensation to anyone you injure. Just as with a basic insurance plan, an umbrella plan will have a maximum payout amount on claims based on the limitations stated in your policy. However, the umbrella plan only kicks in after the maximum amount has been exceeded through your standard policy. An umbrella plan is intended to protect your personal assets so that the injured party does not sue you for the remaining damages they suffered.
Remember, however, even if you have an umbrella insurance policy, the insurance company is in the business to make money, not give it. When it comes time to pay up, the insurance companies will attempt to give you the least amount with which they can get away, leaving you in the lurch. This is why you need a skilled umbrella policy litigation attorney in Decatur, GA, The Law Offices Of Andrew Lynch.
Protect Your Rights: Speak With a Decatur, GA Umbrella Policy Litigation Attorney Today
Do not allow your insurance company to take advantage of you and leave you vulnerable to great personal loss and even bankruptcy. The Law Offices Of Andrew Lynch, umbrella policy litigation attorney in Decatur, GA, can protect your rights. Contact Andrew today to schedule a free consultation.
Complexities of an Umbrella Policy Claim
Difficulties with an umbrella policy in Georgia can arise when policyholders encounter unexpected challenges in their pursuit of additional liability coverage, as a Georgia umbrella policy litigation attorney can tell you. An umbrella policy is designed to provide an extra layer of protection beyond the limits of your primary insurance policies, such as auto and homeowners insurance. While umbrella policies can offer valuable coverage, certain complexities and issues can arise, particularly in the context of Georgia’s insurance regulations and legal landscape.
- Coverage Understanding: One common difficulty is a lack of understanding about what exactly an umbrella policy covers. Policyholders might assume that all situations will be covered, but these policies often have exclusions and limitations. It’s crucial to carefully review the policy terms and consult with your insurance provider or a legal professional to comprehend the extent of coverage.
- Claim Denials: Insurance companies sometimes deny claims made under umbrella policies due to coverage disputes or disagreements over the circumstances of the claim. If the insurance company believes that a claim doesn’t fall within the policy’s scope, policyholders might need to appeal the decision or seek legal assistance.
- Excessive Documentation: Some umbrella policies require extensive documentation when filing a claim. This documentation burden can be overwhelming for policyholders, especially in the aftermath of a crisis or accident. Gathering the required evidence and paperwork can delay the claims process.
- Coordination with Primary Policies: Coordinating an umbrella policy with primary insurance policies like auto or homeowners insurance can be complex. Determining the primary and excess coverage, as well as the order of claim processing, can become confusing, leading to delays and disputes.
- Legal Complexities: Georgia’s legal landscape can further complicate umbrella policy claims. The state’s laws, regulations, and case precedents might impact how a claim is assessed and settled. This complexity can lead to disputes between policyholders and insurance companies. Your Georgia umbrella policy litigation attorney can help you with complexities that may arise.
- Underlying Insurance Requirements: Some umbrella policies require policyholders to maintain certain minimum limits on their primary insurance policies. If these limits are not met, the umbrella coverage might not kick in as expected, leaving policyholders vulnerable.
- Coverage Gaps: Misunderstandings about the scope of coverage can lead to gaps in protection. Policyholders might assume certain situations are covered when, in fact, they fall outside the policy’s provisions.
- Exclusions and Limitations: Umbrella policies often come with exclusions for specific situations or activities. For instance, certain high-risk activities or business-related liabilities might not be covered under the umbrella policy. These exclusions can catch policyholders off guard.
- Changing Circumstances: As life changes, so do insurance needs. Changes in marital status, property ownership, or other factors might require adjustments to the umbrella policy. Failing to update the policy accordingly can result in coverage gaps.
- Insufficient Limits: In some cases, policyholders might face difficulties when the umbrella policy limits are insufficient to cover extensive damages or liability. This can leave them exposed to personal financial liability.
To navigate these difficulties with an umbrella policy in Georgia, it’s essential for policyholders to educate themselves about their policy’s terms, limitations, and exclusions. Consulting with insurance professionals and legal experts can help policyholders make informed decisions and take proactive steps to address any challenges that arise. By understanding the nuances of their coverage and the legal framework, policyholders can better protect their assets and interests in a potentially complex insurance landscape. For help, get in touch with The Law Offices Of Andrew Lynch to speak with our trusted Georgia umbrella policy litigation attorney.