An insurance claim refers to the request of an individual made to his or her insurance provider for coverage based on the agreed terms of an established policy and contractual agreement. Insurance claim expert witnesses are experienced with the reasons as to why the provider may challenge the claim, which may result in a potential court case if there is a discrepancy or disagreement over the terms of the insurance policy, or if the insurance provider deems the claim as being invalid.
Whether it’s casualty insurance, workers compensation, property insurance, life insurance, auto insurance, or any other type of coverage, the insurance company may reject an insurance claim. Insurance claim expert witnesses are experienced with bad faith, insurance fraud, due diligence, regulatory compliance, risk assessment, and valuation, since an issue with any of these subjects may factor into the reasoning behind a rejected insurance claim. The insurer may also hire an independent claims adjuster to assess the claim to determine if it is based on valid information, in which case the insured would be entitled to the proposed claim.
Insurance claims expert witnesses might have backgrounds in commercial litigation, risk management, actuary consulting, alternative risk finance, forensic accounting, and insurance law. Such experts are also licensed and/or certified as adjusters, property and casualty underwriters, accountants, insurance agents, and brokers, among other similar professions related to insurance.
Contact ForensisGroup today or submit an expert request form for further information on retaining the right insurance claim expert witness for your case.