Not every insurance claim results in straightforward payments. Some people have to fight to receive the coverage they paid for and may even need to take legal action. Insurance litigation is sometimes necessary to secure appropriate compensation for covered losses.
Policyholders may need to hold insurance companies accountable if they do not uphold a policy in good faith. The civil court system hears thousands of lawsuits related to insurance company practices. Those hoping to increase their chances of success during litigation may need to hire expert witnesses. The support of someone with insight into the insurance industry and the regulations that govern insurance companies can make a major difference during insurance-related litigation.
What do those suing insurance providers stand to gain from hiring an expert witness before trial?
Making policy information accessible
Insurance policy documents are often dozens of pages long. They can contain confusing language and terms that may not make sense to people without experience in the insurance or legal sectors. Expert witnesses can help analyze the terms included in a policy to validate the claim that the insurance company should provide certain types of coverage. They can counter assertions made by insurance providers that circumstances may not meet the necessary standard for a claim.
Analyzing bad faith practices
Most people struggle to understand what constitutes bad faith insurance practices. They may need someone who understands the industry and the regulations governing it to break down the situation and make it clear. An expert witness can provide insight into how the conduct of an insurance company may have violated the rights and protections of the policyholder. They can help make it clear that the insurance company did not fulfill its obligations when it rejected a claim or offered an inappropriate settlement.
Humanizing a difficult situation
Expert witnesses provide a human face for a situation that might otherwise seem abstract to the people reviewing the circumstances. Expert witnesses can take a complicated financial and legal matter and make it seem human to the people who have the power to make a decision on the issue.
The support provided by expert witnesses can have a profound impact on the outcome of insurance litigation. Retaining the right assistance can help people hold insurance providers accountable for failing to fulfill their legal obligations and uphold their policies.