Business Interruption
COVID-19 has become a global pandemic and the world continues to be significantly impacted. Insurance companies are expected to be busy with claims and related litigation arising from business interruption and property claims, life insurance claims, event cancellation insurance claims and travel insurance claims.
Business interruption policies are generally intended to cover losses from direct interruptions to a businesses’ operation (ie. fire and water damage). These policies may cover:
- lost revenues;
- rent;
- utilities; and
- extra expenses.
Historically, business interruption insurance typically provides coverage as a result of a “direct physical loss”, meaning distinct and demonstrable loss of the physical use of the business property. In recent years, insurance policies have begun to exclude viral or bacterial outbreaks from business interruption coverage.
Coverage is determined by the particular insurance policy. Concerned individuals and business owners who have purchased insurance policies should have their policies reviewed to determine if the COVID-19 pandemic falls within their coverage limits. Contact GOVEDARIS LAWYERS today.
Property Damage
Commercial and residential property insurance comes at a considerable cost. When you purchase what you believe is sufficient coverage for your property, you expect your insurance company to honour the insurance policy and reimburse you for any damages that your property has sustained. Insurance claims are to be adjudicated diligently and payments are to be made promptly, however, this simple claims procedure is not always followed.
Has your property recently suffered from one, or more, of the following:
- Flood and/or water damage
- Vandalism
- Lightening
- Property theft / break-in
- Construction accident
- Explosion
Has your insurance company denied, delayed or underestimated the value of your insurance claim for the damage your property has suffered?
It is imperative that commercial and residential property owners act as quickly as possible after any property damage to preserve their rights and mitigate any further damage.
The legal team at GOVEDARIS LAWYERS is well-versed in insurance property law and will work tirelessly to help you get the compensation you deserve.
Disability Claims
It is inevitable that some of us will suffer some sort of disability during our lifetime that will have serious consequences for both the individual and their families.
Canadians spend their lives working hard to provide for themselves and their families. While many have short and long term disability insurance, and are comforted to know that in the event they get sick or injured an insurance disability policy will support them. Unfortunately, disability insurance claims are often denied by insurance companies for no good reason.
Denials may be due to the rigorous criteria insurance companies require for proof of disability, insufficient medical documentation, non-coverage of the condition, or failure to issue a timely claim.
Even if you have received benefits from your insurance company, the insurer may stop the payments if it believes you have recovered, are not cooperating, or your eligibility has expired.
When making a disability claim carefully document your disability. Be sure to keep records of all doctor visits, clinical notes and records, your work history, your job requirements, disability records, out of pocket expenses, work or functional limitations, and any other related documentation.
If your disability insurer has denied, delayed or stopped payment of your disability insurance benefits, the legal team at GOVEDARIS LAWYERS will competently handle your claim and help you fight for the compensation you deserve.
Fire Insurance Claims
A fire to a home or a business is a devastating event. Even if no one is harmed, a fire can make any property uninhabitable or unusable. As you go about rebuilding your life or business, you depend on your insurance company to live up to the terms of your insurance policy.
But what happens if your insurance company wrongfully refuses to pay all or part of your valid insurance claim?
Too often, property owners are left paying out-of-pocket for the damages suffered in a fire because their insurance claim has been denied or severely underestimated.
Timing is critical. It is important to meticulously document every aspect of your insurance claim process and ensure you meet the deadlines and time periods set out in your policy. Contact your insurance provider right away, inventory the damaged items, and take photographs to document the damage.
If your insurance company has unreasonably denied, delayed or underestimated the value of your insurance claim, the legal team at GOVEDARIS LAWYERS will help you pursue the compensation you deserve.
Life Insurance Claims
The purpose of purchasing life insurance policies is to provide a peace of mind, so that in the unfortunate event that something happens to us, our family members will have the financial means to carry on without us.
Issues often arise wherein the insurance company denies coverage outright or refuses to payout the benefits to the designated beneficiaries in accordance with the insurance policy.
A denial or delay may be caused by a dispute over the cause of death being excluded from the insurance policy or that the insured misrepresented a fact as they filled out their application for the life insurance.
If an insurance company has denied or delayed a claim for life insurance, the legal team at GOVEDARIS LAWYERS will ensure that all beneficiaries obtain the compensation they deserve. Losing a loved one can bring on stress of its own and our legal team will assist in mitigating the stresses of having to deal with an uncooperative insurance company.
