Insurance companies rarely want to pay more money than they absolutely must. As such, these companies often use delay tactics that devolve into misinformation and misstatements of the law in order to avoid paying legitimate claims. Accordingly, claimants may find themselves jumping through various hoops to get the recovery to which they are entitled, and the insurance company may, in the end, still deny recovery. These hoops can become very complicated because disputes over coverage often involve interpretation and application of precise policy language that may differ across various types of insurance claims. Some of these claims may include the following:
- Directors and Officers
- Umbrella Policies
In recent years, individuals have found it more difficult to get recovery from insurance companies in a prompt and timely fashion because there have been many drivers for the growth of insurance coverage disputes, including loosely drafted policies, pressure on companies to protect company assets, and the increasingly aggressive positions adopted by insurance companies in resisting claims. Further, when individuals find it necessary to resort to litigation to get the recovery they deserve, tangible evidence of loss for which coverage is sought is usually at the heart of insurance coverage trials.