Whether you’re a policyholder dealing with insurance coverage disputes related to personal insurance, commercial insurance, or bad faith practices, the right legal representation can give your insurance claim the edge you are looking for.
At Richman Law Firm PLLC, we have represented hundreds of New Yorkers dealing with insurance coverage disputes, and we are committed to offering insightful legal strategies to protect your interests. Reach out to schedule a free consultation.
Personal Insurance
Personal insurance claim disputes can arise from many circumstances, including property damage, liability, and loss of use. When these disputes occur, it is essential to have a seasoned attorney on your side.
Property Damage
When your personal property is damaged due to unforeseen circumstances, you expect your insurance company to cover the losses as stipulated in your policy. However, disputes can arise when insurance companies undervalue the damage or deny the claim altogether. At Richman Law Firm PLLC, we meticulously review your applicable policies to increase your chances of reaching the compensation you deserve.
Liability
Liability insurance is a type of coverage designed to protect you from financial losses when you are held legally responsible for causing damages or injuries to another party. Insurance companies may fail to offer the appropriate protection to their policyholders. Our experienced attorneys understand the nuances of liability insurance and work tirelessly to uphold your rights.
Loss of Use
Loss of use coverage compensates for living expenses when you cannot use your home, a place of business, or a vehicle due to covered damages. Disputes may arise regarding what constitutes “additional living expenses” or the duration of coverage.
If your insurance company isn’t providing the compensation you are entitled to as per the terms of your policy, don’t hesitate to take action. Our experienced attorneys have experience in taking on insurance companies in New York.
Commercial Insurance
In the realm of business, commercial insurance is a crucial safety net. However, when disputes arise over property damage or liability, you need an experienced lawyer. Richman Law Firm PLLC is well-versed in commercial insurance law and litigation and is prepared to protect your business interests.
Property Damage
Commercial property insurance covers your business against losses from unforeseen damages. However, insurance companies may undervalue the damage or deny claims outright. Our team meticulously analyzes your policy and the specifics of your insurance claim, increasing your chances of receiving fair compensation.
Liability
Commercial liability insurance should protect your business from financial losses from lawsuits and other legal actions. Disputes occur when commercial insurance providers refuse to defend or indemnify policyholders. Our experienced attorneys understand the intricacies of commercial liability insurance and work relentlessly to uphold your rights.
Declaratory Judgment Actions
Declaratory judgment actions can play a pivotal role in resolving insurance disputes. These legal actions determine the rights and obligations of parties under an insurance policy or other written contract.
For instance, if there’s a dispute over the interpretation of an insurance policy, a declaratory judgment action can be used to resolve the issue. However, a declaratory judgment differs from other forms of judgment as it doesn’t provide any enforcement or order for either party to take action, such as paying damages.
In the context of insurance disputes, declaratory judgment actions can be beneficial. They can help clarify the rights and obligations of both the insurer and the insured, preventing further disputes.
Broker Liability Claims
Brokers play a critical role in the insurance process, acting as intermediaries between policyholders and insurance companies. However, disputes can arise when brokers fail to fulfill their duties, leading to financial loss for the policyholder.
For instance, a broker may be held liable if they fail to procure the appropriate coverage for a client, misrepresent the terms of a policy, or prioritize their interests over those of their client. These situations may give rise to broker liability claims.
Common Insurance Company Bad Faith Practices
Insurance companies have a duty of good faith and fair dealing with their policyholders. However, some insurers engage in bad faith practices that violate this duty, causing financial harm to their policyholders. Richman Law Firm, PLLC has successfully represented numerous clients in disputes involving insurers’ bad faith practices, such as:
Prolonging the Settlement Process Beyond the Required Time Frame
Insurance companies must settle claims within a reasonable time frame. However, some insurers deliberately delay the settlement process to pressure policyholders into accepting lower payouts. If your insurance company unnecessarily prolongs the settlement process, our attorneys can help you take legal action.
Underpaying Rightful Compensation
Insurance companies sometimes undervalue the amount of compensation owed to policyholders. This practice violates the insurance policy terms. Our attorneys meticulously review policies and contract specifics to ensure you receive the compensation you deserve.
Misinterpretation of Insurance Policy Coverage
Some insurance companies take advantage of policy language and contractual complexities by misinterpreting policy coverage in their favor. Our experienced attorneys understand the nuances of insurance law and can help ensure that your insurance company interprets your policy accurately and fairly.
Altering the Conditions of Insurance Agreements Without Notifying the Policyholder
Insurance companies must notify policyholders of any changes to their insurance agreements. However, some insurers alter the conditions of the agreement without informing policyholders, potentially resulting in reduced coverage or denied claims.
In any dispute involving bad faith practices, you need an experienced attorney who can effectively advocate for your rights and work on fair resolutions for insurance disputes.
Contact Us for a Free Consultation
Whether you’re dealing with personal, commercial, or title insurance disputes or even a case involving bad faith practices by an insurance company, we are your go-to insurance dispute lawyers in New York.
At Richman Law Firm PLLC, we are committed to building tailored strategies aligned with your expectations and contractual rights, ensuring you understand your legal options and insurance coverage terms. Contact us for a free consultation today.
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Meet Mr. Richman
SCOTT B. RICHMAN, ESQ.
Mr. Richman is the Managing Member and Founder of Richman Law Firm PLLC. In his role as Managing Member, Mr. Richman oversees the day-to-day operations of the firm and handles the litigation of the most complex legal matters across a vast array of practice areas and disciplines.
