It is better to know the meaning of insurance first, before you can clearly understand insurance law.
What is insurance?
Insurance is a contract that are given by insurance company, to reimburse their clients if they encounter a loss such as damage to property, illness, death and more. You need to pay the premium in order for you to be insured. Premium is paid on a weekly basis, monthly basis, quarterly or yearly.
What is insurance law?
The insurance law is under 3 major categories. The first category is that the insurance company will have a lawyer to represent the person that is insured in case he or she will get sued because it is under the contract of the insurance company. Insurance defense lawyers are those that represent people that are insured. Here is an example scenario, if the client of the insurance company was involved in a car accident and caused injuries to another driver, the insurance company will provide a lawyer to represent their client. In the second category, the insurance law will help people that are insured that wants to file a claim against the insurance company. In the third category, the insurance company will hire a lawyer to help them comply to all of the rules and regulations.
There are a lot of kinds of insurances. The government handles other kinds of insurance such as unemployment insurance, workers compensation insurance and social security disability insurance. But the insurance law, is only under insurances that are under private insurance companies. The kinds of insurances that are offered by private insurance companies are title insurance, homeowners insurance, automobile liability insurance, malpractice insurance and health insurance.
It is crucial that you know the policies, the benefits, the coverage of the insurance, the claim and the premium. If you know and are familiar the policy then you will know what is covered by the insurance company in case you encounter a loss. Aside from these you will also know the services and amount of money that the insurance company will cover.
Insurance defense lawyers are usually in contract with insurance companies. People cannot just hire these lawyers on their own. However, there are instances when insurance companies allows their clients to choose their own lawyers. These types of lawyers makes sure that they legally represent people that are insured. You must know and understand what is happening in your case. Always consult and ask questions to the insurance defense lawyer.
There are plenty kinds of insurance. Many lawyers are aware with the insurance law. Medical malpractice lawyers and personal injury lawyers usually work with medical insurance companies. Car accident lawyers usually deal with auto insurance companies.
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