Class Action Lawsuit Lawyers

Disability Insurance Class Action

If you have a legitimate disability claim and it has been denied, in addition to feeling frustrated you may also be stressed trying to figure out how you’re going to earn an income to live off of. A denied claim can be devastating. The good news is that you do have rights and working with an attorney, especially class action lawsuit lawyers, can be very helpful to ensure that you get any compensation that you may be entitled to. By reading on, you can learn more about disability insurance claims and disability class action lawsuits.

Do You Have a Claim in a Disability Insurance Class Action Lawsuit?

Disability insurance is something that you have paid into for years. These benefits can help you should you have a traumatic accident to get the money that you need to survive after these accidents. The problem is that insurance companies are in the business of paying out as little money as possible, which is why they significantly under value claims. If you were denied money by your insurance company or had your claim severely undervalued, you may have a valid lawsuit against the insurance company.

There are companies that are notorious for undervaluing claims, where they use outdated calculators for compensation. This means that they don’t properly calculate cost of living, leading to undervalued claims. These insurance companies include:

• Tailwind Holdings, LLC (previously known as Tailwind Reinsurance Company)
• Unum
• Provident Life and Casualty Insurance Company
• Provident Life & Accident Insurance Company
• Paul Revere Life Insurance Company
• Colonial Life & Accident Insurance Company

If you think there is something wrong with the value of your claim or that you feel your claim was denied in bad faith, hiring a team of lawyers to fight with you will give you the best possible outcomes for your case.

Understanding Insurance Bad Faith

Insurance bad faith is a term used when an insurance company tries to get out of paying their policyholder’s valid claim for disability. When a person buys these policies, they fully believe that an insurance company will act on good faith and give the fair amount (or any amount) for their claim. The biggest atrocity of this situation is that while policyholders aren’t getting what they are entitled to, they also don’t know their rights and that they can fight any bad faith insurance claim.

You are entitled to compensation according to the plan that you have paid. If the insurance company makes it hard for you to collect the money that you are entitled to, then you need to get a lawyer involved in the process right away. They can fight for you to make sure that you get the money that you may be owed.

What is the Process with a Long-Term Disability Lawsuit?

People often have a lot of questions about the process of this type of lawsuit. This section will take a closer look at the process so that you know what to expect.

Length of the Lawsuit

When people are struggling due to financial hardship and they are desperate for their disability money, it’s normal to be concerned with how long these types of cases will last. Unfortunately, there’s no exact answer about how long these lawsuits can take because there are numerous factors to consider such as lawyers/courts schedules. These cases typically don’t go to court, as they are settled out of court. However, it could take within a year of filing to get a resolution to your case.

Gathering Evidence/Facts

Lawyers will work closely with the client to gather any relevant facts and evidence to prove their case. They can contact the insurance company to get your insurance claims file and get various other documents such as your medical records to help prove your case. It’s important to know that there is a lot of time and money involved in gathering this information.

Starting Your Lawsuit

After compiling the evidence, your lawyers will start preparing all of the necessary documents so that they can be served on the insurance company, then filed with the court. This lawsuit is known as a “Settlement of Claim” lawsuit and clients get a copy of this when it’s filed. You should know that the amount of money that is typically asked for when filed is not the amount that you’ll actually receive. There are various factors that can determine how much money you will actually get if your claim is successful. Then the lawyer will bring about any relevant motions, handle the examinations for discovery, and any relevant laws to help your case get the best outcomes possible.

Negotiations/Mediation/Settlement

Neither party wants to go through a costly trial, which is why these types of cases are typically resolved through mediations and settlements. The settlement is an amount that is agreed upon by all parties as to what is fair. If the settlement is fair and all parties are content with the outcomes, then the parties will agree that the lawsuit should be dismissed and that’s the end of the case.

Trial

In rare cases, there may be a need to go to trial. Your lawyers will compile all of the evidence to make a strong case in court for you. Then, they will fight with your best interests at heart to get you any compensation that you may be entitled to. Again, most of these cases can be resolved before having to go to trial, but it’s important that you have an experienced lawyer on your side that is prepared to go to court if the situation requires it.

Conclusion

The Injury Firm has an experienced team of legal professionals that are here to help you on your journey of getting the disability insurance that you are entitled to. There are some cases where there is bad faith on the part of the insurance company, where they deny claims even if they are valid claims. That’s why it’s important that you have a reputable and experienced lawyer like the team at the Injury Firm. If you have a disability claim that has been denied by the insurance companies mentioned above, that you need help with, contact us today to see how we can help you.