The Lowdown on Insurance Agent Negligence

Dec 22, 2016 by

When disaster causes damage to a home or business, the owners would call on their insurance agents for help. The aftermath of disasters such as storms, typhoons, or hurricanes can leave people unable to shoulder the costs for repairs or rehabilitation. The insurance agent can become the lifeline of the home and business owner for any compensation that can help them restore their damaged house.

Having insurance can help people proceed with repair and restoration of their properties. Unfortunately, there are some agents who are negligent with their duties and deny policyholders of their claims. According to the website of Williams Kherkher, negligence on the part of insurance agents can leave families to cope with their damaged properties by themselves. Most denied claims are due to the errors of insurance agents in processing claims. Insurance agent negligence comes in various forms which may include:

  • Failure to adequately explain the terms of the policy
  • Failure to write a policy that offers sufficient or correct coverage
  • Providing inaccurate information on an insurance form
  • Failure to provide the insurance company with all necessary forms

The negligence of an insurance agent may have serious consequences to the policyholder. In case of flood, for example, the failure of the agent to notify the policyholder that they do not have flood coverage could result to significant monetary losses if their business or home gets damaged as a result of the flood. Since the damage was due to the negligence of an insurance agent, you may be entitled to receive compensation as a result of the negligent act.

Whether the error was unintentional or intentional, such action of the insurance agent is subject to liability and the victim may be entitled to receive damages. With the help of a lawyer, you may be able to pursue compensation and recover financial losses that you incurred as a result of the negligent act.

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