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Many policyholders are discovering that their business insurance claims are being grossly underestimated or completely denied based just on VeriClaim’s investigations. Since the valuation of a claim can rest solely on VeriClaim’s shoulders, they have a duty to effectuate a fair and equitable claims resolution, but this doesn’t always happen. VeriClaim often uses unfair tactics when assessing claims that severely limit policyholders’ claims payouts.
Are you battling a claim dispute with VeriClaim? Then get in touch today with the insurance recovery lawyers at Raizner Slania for real advice about your options.
If you have a business insurance policy through a surplus lines insurer, your insurance company will need to assign any claim you file to an independent adjuster in the event of damage to your commercial property. VeriClaim is a loss adjusting and claims management company that is often used by surplus insurers. Frequently, VeriClaim works with groups like Underwriters at Lloyd’s of London to handle and adjust their claims.
The Texas Insurance Code states that no claim can be denied without conducting a reasonable investigation of the claim and providing a reasonable explanation of the denial. Doing so is a violation of both the Texas Insurance Code and the Texas Deceptive Trade Practices-Consumer Protection Act (DTPA), a state consumer protection law that aims to provide financial relief to consumers who are victims of deceptive, improper, or illegal practices.
If your business insurance claim has been grossly undervalued or completely denied based on a VeriClaim investigation, our insurance trial lawyers can help. We have extensive courtroom experience handling insurance litigation claims from inception through trial and appeals. We know the complex legal issues involved in insurance law, and we have successfully dealt with VeriClaim in many of our cases.
The insurance recovery lawyers at Raizner Slania have earned national recognition as trial attorneys who help policyholders obtain the compensation they deserve. We hold insurance companies accountable for rightful claims denied in bad faith. We handle insurance cases on a contingency fee basis, meaning you owe us anything unless we help you recover financial damages. Contact us today for a free and confidential review of your case.