By The Perazzo Law Firm
The purpose of an insurance policy is to protect the policy holder in the event of a loss, damage or injury that the policy holder is unable to afford. In exchange for payment the insurance company agrees to cover certain losses or injuries.
As our loyal readers know, we have published many articles in the past explaining the insurance claim process and what to do when the insurance company wrongfully denies your claim. However, at times, the insurance company will acknowledge coverage and offer payment without the policy holder having to resort to a protracted litigation process. Unfortunately, the insurance companies do not always offer payment in the interest of the policy holder and instead pay to repair the damage in order to protect their own rights.