The economic downturn practically in all economic sectors accompanying the world finance crisis, leads not only to shortfall of income of businesses in various industries, but also to bad faith actions of entrepreneurs who evade performance of obligations to the counterparties.
MoreNowadays literally anyone can encounter a conflict whereby an insurance company refuses to perform its obligations to the client under the insurance contract on this or that pretext. It is advisable for individuals and legal entities to engage an attorney for protection of rights in such disputes with insurance companies.
In our practice, court disputes with insurance companies often arise out of claims for repayment of insurance recovery in full or in part on an occurred insurance event. The most widespread lawsuits of our clients against insurance companies are out of full comprehensive insurance and compulsory motor insurance. We also encounter lawsuits out of refusal for payment of insurance recovery under insurance of other property: equipment, cargo, buildings, constructions.
RECOVERY FROM INSURANCE COMPANIES IS A CONSIDERABLE MATTER!
From our experience, we can tell that insurance related disputes require special attention and complex approach. It is often required to have an expertise in many technical details of the issue and carry out a qualified expert examination to successfully beat a bullet-proof position of the insurance company that refuses to pay.
In the meantime, the majority of insurance companies try only to postpone the moment of repayment of funds to have more liquid turnover capital. Therefore, when an insurance company is approached not by the customer but by a representative (an insurance lawyer or insurance attorney) of the insured – the issues of repayment and bad faith actions are resolved before the trial. In those rare cases when the insurance companies are not ready for compromises, RVS lawyers shall file lawsuits against the insurance companies and shall achieve repayment of the insurance recovery.