There are many different types of insurance for our readers in Texas to think about as part of their overall financial status – health insurance, life insurance, home and auto insurance and many more. However, one type of insurance that is a bit newer and perhaps not quite as well-known is long-term disability insurance. The concept of this type of insurance is seemingly quite simple: if you become disabled for some reason, this insurance will kick in to provide financial security. But, sometimes the reality is quite different.
Complications with long-term disability insurance
Although you may pay your premiums on “LTD” insurance and, when it is needed, you expect the process of payouts to be smooth, that may not be the case. As with other insurance policies, if you need to make a claim on your LTD insurance you will need to meet the requirements for coverage exactly. For example, a crucial part of the process will likely be how, exactly, the term “disability” is defined in your insurance policy. If your health condition does not meet that definition exactly, the insurance company may deny your claim.
However, an insurance claim denial is not the end of the process. In some cases, it may be possible to appeal that decision, and even take the company to court, if necessary. Each case is different, so the right approach will depend on the circumstances.
How our help can protect your interests
At our law firm, we work with Texas residents who are facing complications with long-term disability insurance coverage. At a time when you are probably facing physical and perhaps even mental health struggles, facing off against an insurance company may be the last thing you want to worry about. For more information about how our law firm attempts to help Texas residents who are facing these issues, please visit the long-term disability insurance overview section of our website.