"You can shield yourself from lawsuits and creditors by forming a Nevada corporation. I have 25 years of experience forming corporations in Nevada." - James E. Smith
All of us pay a lot of money for all kinds of insurance. Liability, fire, flood, medical, homeowner’s, car, boat, life, disability, theft and employer group insurance are all benefits which we pay for. Insurance law can be complicated.
If you have a dispute with an insurance company of course you can talk to your insurance agent, but you should probably speak to your own attorney too. Insurance companies are businesses even though they serve a public purpose of covering losses which occur by other people, by nature, or unforeseen circumstances
An insurance policy is a contract with definitions, exclusions, and limitations which you most likely have no choice but to accept on the insurance company’s terms and conditions. Often the insurance company tries to avoid paying your claim by invoking the language of the policy to deny you your claim.
Claims adjusters are told to pay you only if they have to pay and to pay no more than the company has to pay you. Also, if someone makes a claim against you, the insurance company has a duty to defend you and pay the claim by the third party if it is legitimate and to not expose you financially to a lawsuit judgment.
Have a question? Ask James Smith!