Free Consultations Available – Call (215) 278-4449
High-income professionals such as physicians, attorneys, and business owners
often purchase individual disability insurance to cover loss of income
and other expenses, should they become unable to work for an extended
period due to a debilitating illness or injury. When you purchase individual
disability insurance, you enter into a contract with the insurance company.
As long as you pay your premiums on time, the insurance company promises
to cover specified expenses after an injury.
Unfortunately, insurance providers don’t always honor their end of
the agreement. They often draft policies with ambiguous and confusing
contractual terms that allow them to interpret their responsibilities
in a way that is best suited to their bottom line. In addition, many insurance
providers use deceptive tactics to delay and deny legitimate claims, thus
thrusting the burden back onto the policyholder.
Insurance providers make every effort to keep their costs down and their
profits up, sometimes at the expense of policyholders with legitimate
claims. Our Philadelphia disability insurance attorneys at Golomb &
Honik, P.C. have extensive experience challenging insurance companies
and recovering the financial compensation to which disability insurance
policyholders are entitled and need. If your claim has been unfairly denied,
call us at (215) 278-4449. We would be happy to evaluate your case free of charge.
What is Disability Insurance?
Disability insurance is generally intended to cover any injury or ailment
that renders you unable to perform your occupational duties. This may
include permanent physical injuries, neurological disorders, degenerative
diseases, chronic illnesses, or cognitive impairments. The more benefits
a policy offers, the higher the premiums usually are, and individuals
pay these premiums to ensure that they are taken care of if a serious
injury or illness occurs.
An important distinction between group disability insurance and private
disability insurance is that while group disability insurance will replace
your lost income, private disability insurance plans will usually provide
payout when you lose your ability to work in your specific occupation.
Insurance companies market these individual disability insurance policies
to high-income professionals who stand to lose the most if an injury or
illness suddenly prevents them from working. At Golomb & Honik, P.C.,
we have represented a variety of professionals whose disability insurance
claims were inexplicably denied, including:
- Mental health professionals
- Business owners
- And more
When Insurance Companies Refuse to Pay
Insurance companies will do anything to avoid paying a claim. They will
begin by examining your application and looking for any reason to deny
your claim. They may claim that you had a preexisting condition related
to your disability, or they may attempt to retroactively cancel your policy.
They may make unreasonable requests that you submit to specific medical
testing, see their own personal doctors, or submit tax records from years
past. They may even resort to hiring a private investigator to follow
you around in order to claim fraud or deny your claim on unsubstantiated grounds.
Why do they do this? To avoid paying claims-even legitimate ones.
Suffering a disabling injury or illness can be stressful enough for you
and your family, forcing you to cope with rapidly mounting medical expenses
and other challenges. If your disability insurance provider denies or
delays your claim, you may be left feeling even more helpless and confused
about what to do next. When a disability insurance provider delays or
denies your claim based on a technicality or the questionable interpretation
of its own policies, our dedicated disability insurance attorneys may
be able to help you recover the compensation you rightfully deserve.
Contact our legal team today at (215) 278-4449 to schedule a free and confidential consultation
at our office.