San Diego Professional and Executive Disability Income Claims
Many high-earning individuals live and work in the San Diego, CA area and throughout Southern California. These individuals often invest in private disability income insurance policies to protect their families in the event they are unable to work due to unexpected injury, illness, or disability. These policies are generally expensive to maintain due to the high level of income of these high-earning individuals, but that also makes it more difficult for insurers to pay on claims. For this reason, some insurance companies may engage in bad faith tactics to undervalue legitimate claims or unfairly deny or delay claims.
If you have a professional or executive disability income insurance policy and believe your insurer has acted in bad faith while processing your claim, the San Diego bad faith insurance attorneys at Dawson & Rosenthal, P.C. can help. We have extensive experience with all types of insurance bad faith lawsuits, and we understand how these high-income policies work.
What Are Professional and Executive Disability Income?
Professional and executive disability income insurance exists to offer peace of mind to high-earning professionals who would not be able to maintain their lifestyles in the event of disability, injury, or illness that prevents them from working. These policies are very specific and often entail expensive premiums, which should logically indicate a sound investment for a high-earning individual to protect his or her income in the event of an unexpected accident. Most professional and executive disability income insurance policies are long-term insurance policies that offer financial coverage in the event the policyholder is no longer able to work.
What Are Common Reasons for Disability Claims Denial?
Some of the most common reasons for a denied disability income claim include failure to comply with a policy, claiming beyond the policy’s stipulated coverage, and a lack of medical evidence supporting the policyholder’s claim. An insurer has the right to deny a disability claim in good faith as long as the denial meets the acceptable criteria. A denial in bad faith will leave the insurer liable for the claimant’s damages and may face punitive damages as well.
If a claimant tries to secure disability income insurance coverage for an event that is not clearly covered (or in some cases, clearly excluded) from the policy, then the insurance company has a legal right to respond accordingly. However, it does not have the right to unreasonably delay or deny valid claims without a legitimate reason.
Proving Insurance Bad Faith in Disability Claims
It’s vital to retain copies of all documentation related to your policy and the event that caused you to file a claim. This can include medical reports from your doctors, correspondence with your employer, correspondence with your insurer, and records of any financial damages resulting from insurance bad faith. Professional executive disability income insurance typically involves large settlements, so it’s vital to prepare accordingly for any legal dispute concerning insurance bad faith.
Why Do You Need a Bad Faith Insurance Lawyer?
An experienced San Diego disability insurance attorney can be a fantastic asset for anyone preparing for a professional or executive disability insurance lawsuit. These policies and the resulting disputes can be extraordinarily complex, so a seasoned attorney is necessary for a claimant to maximize his or her recovery. Insurance companies typically retain expensive lawyers and have in-house legal teams to manage lawsuits, so the average claimant needs as much help as possible in professional or executive disability insurance disputes.
The team at Dawson & Rosenthal, P.C. has a strong track record of successful insurance bad faith cases in the San Diego, CA area, and we are available to help anyone concerned about a professional or executive disability income claim. If you have recently encountered unexpected pushback for a legitimate insurance claim, or you believe an insurer has acted against you in bad faith, contact our attorneys to schedule a free case evaluation. Once we review the details of your situation we can let you know how our firm can help.