What should you do if your life insurance claim has been denied?
Our life insurance lawyers work to recover full compensation for life insurance beneficiaries in Delaware. If your life insurance claim has been denied or delayed, contact us today for a free case evaluation.
Here is what you can expect the following from your Delaware life insurance lawyer:
- A free case evaluation where we go over the facts of your claim in detail.
- Explanation of all legal terms and documents.
- An attorney who will contact your provider to get a delayed claim paid fast.
- Full disclosure on court costs and attorney fees before you agree to retain counsel.
Many claims will be denied by providers based on material misrepresentation. This means that the policyholder provided false information, such as age or health history, that makes the policy invalid. In these cases, a Delaware life insurance lawyer can help you appeal the decision and may still be able to recover the full amount of your claim.
How am I protected by state insurance laws in Delaware?
The U.S. Constitution gives the federal government the power to regulate interstate commerce. In the case of life insurance policies, the federal government has largely allowed the states to take the duties of regulating the insurance industries and of providing consumer protection.
The state of Delaware has life insurance laws to help protect consumers. Here is a summary of some of these Delaware life insurance laws. Of course, you should definitely contact us to discuss your life insurance claim denial case specifically and see how state laws impact your particular situation.
Title 18 of the Delaware Code is the primary regulating force behind the insurance industry in the state, but other legal provisions have also been adopted as consumer protection laws. The state Department of Insurance provides oversight for the industry. The most important rules that may apply in your case are:
- 30-day payment grace period. This ensures that a Delaware life insurance policy cannot be canceled due to a reasonably late payment. The policyholder has 30 days to make the payment, during which time the provider cannot cancel the policy or deny coverage.
- Timely payment on claims. When a life insurance claim is filed, a Delaware insurance provider is required to pay the amount to the beneficiary with no unreasonable delay. Payments by law must be made within 60 days after the insurer receives proof of death.
- Your benefits are guaranteed even if the insurer goes out of business. Life insurance policies that are current are backed by the Delaware Life and Health Insurance Guaranty Association. In the event that your life insurance company becomes insolvent, we can work with the Guaranty Association to compensate your policy. Your insurer must be properly licensed to operate in Delaware for this rule to apply. This guarantee is limited to $300,000 maximum for lost death benefits and $100,000 maximum for lost cash surrender.
Why you should work with us
The attorneys at Life Insurance Law work with clients across the country to recover denied and delayed life insurance claims. Whether we agree on a settlement or take your case to court, our attorneys will fight for your best interests every step of the way.
If your insurance claim has been denied or delayed, call our offices today to get advice from a Delaware life insurance attorney.