car insurance companies louisiana

An insurance company, no matter if it is providing automobile, health, life, home, or commercial insurance, is first a business. And like other businesses, the main objective for an insurance company is to receive as much profit as possible and do not compensate the individuals who, month after month, paid their premiums.

While the majority of insurance companies to satisfy their obligations in regard to claims, do all of them do. In some cases, the insurance provider sends the check immediately to compensate your loss, others may only cover part of it. There are even instances, where the insured is left to fend for themselves due to one insurer’s expectation that the other insurer will handle the claim.

Insurance companies have “bad faith” statutes in the state of Louisiana they must abide by. Some examples of where insurance claims are handled with “bad faith” include incomplete or incompetent investigation with a claim, unnecessary delay of a claim, and denial of a reasonable settlement.

Although every commercial auto policyholder should thoroughly read their policy, much of the language is complicated and tough to understand. This is especially true for a layperson, making it complex to determine if damages will or will not be covered under their policy. A knowledgeable attorney can explain to you what coverage you actually have and what exclusion apply.

Zurich Insurance Group Brief History

Zurich Insurance Group is headquartered in Switzerland and is a multinational insurer. Found in 1872 as a marine insurer, they provide service to 170 countries, including the United States. Insurance products for individuals are not offered in North America, but a number of insurance products for businesses are available.

Zurich allows claims to be filed on their website or by utilizing one of their many other methods.

Get the Help Your Business Deserves

An experienced New Orleans accident attorney understands how trying it can be dealing with a commercial auto insurance company. Ensure all “bad faith” guidelines are met by contacting Cueria Law Firm L.L.C. today