Life Insurance Claim Denial for Nonpayment of Premiums
There are a number of conditions that must be fulfilled in order for the lice insurance claim to be paid. The most important requirement is having a valid coverage at the time of death. When premiums are not paid as expected, this may be lead to Florida life insurance policy cancellation. When you get a life insurance policy cancelled, you will not be able to file any claim. It is the obligation of the policy holder to ensure that the premiums are paid so as to prevent getting Florida life insurance cancelled without value.
If you have a Florida life insurance dispute that was denied for material misrepresentation, call a FL life insurance lawyer at the Law Offices of Jason Turchin today at 800-337-7755 for a free consultation, or submit your case information or question online.
When is a Life Insurance Policy Cancelled?
When premiums payments are not submitted on the expected date, and during the grace period a lapse will happen. During the grace period, you will not get the Florida life insurance cancelled; it remains active. In the event the policyholder dies during this grace period, the insurer is obligated to pay the beneficiary. However, if the grace period lapses the policy is cancelled, and the beneficiary does not get anything, in the event of death of the insured.
Recovery of Claims for Florida Life Insurance Cancelled
It is important to note that not all claims are denied, legally, even with nonpayment of premiums. You can be able to recover your claims from the life insurance policy cancelled. This is possible by employing the services of an experienced attorney. When you have a good lawyer, they will help you evaluate and determine the validity of the Florida life insurance policy cancellation. In the event that the lapse illegally placed on the policy, it may be reinstated. Most people are not aware that the insurance companies have an obligation to ensure that the policy does not lapse.
Reversing Denial For Nonpayment of Premium
It is the right of every beneficiary to get what is rightfully theirs, upon the demise of a policyholder. We have a team of professional lawyers who will help you follow up on your denied claims for nonpayment of premiums.
Experience Reviewing Policies Cancelled For Nonpayment
Having handled similar cases in the past, we have established that in most cases the insurance companies are usually on the wrong. It is our responsibility to make you understand your rights and hopefully reinstate the Florida life insurance cancelled
Florida Life Insurance Claim Attorneys on Contingency Fee
Our Florida life insurance attorneys handle material misrepresentation denials on a contingency fee basis. This means we do not charge you any money out of pocket. We only get paid if you get money. If we have to close the case with no recovery for some reason, we waive all fees and costs.
Where We Handle Florida Life Insurance Claims
We handle life insurance material misrepresentation claims throughout ALL of Florida. If you need an Orlando life insurance attorney, Miami life insurance lawyer, Broward life insurance attorney, or life insurance attorney anywhere in Florida, feel free to give us a call at 800-337-7755 today!