Tiffany & Bosco’s insurance coverage litigation practice group represents insureds (policyholders) in purchasing, understanding and enforcing insurance coverage in Arizona. Insurance is necessary to protect assets, but policyholders often need help understanding policy terms and how to best use the policy to their fiscal advantage.
An insurance policy is part of an insurance contract. It is a contract entered between a policy owner (or policyholder) and an insurer (the underwriting insurance corporation providing the policy). This contract is highly regulated and controlled on both a state and federal level.
As an aleatory contract, a life insurance policy is one–sided. This means anyone buying an insurance policy creates an automatic estate. As long as the premiums are paid, the insurance policy remains valid.
A life insurance policy can become a financial instrument to grow an estate. In fact, when someone purchases a whole life policy, there is a cash value that grows in time. This cash value provides a form of interest that protects a policy owner from losing out, should the policy mature without a claim. It also provides collateral against which loans may be secured.
Whole life policies create an automatic estate in need of protection, as well as a growing estate in need of managing. These are just a couple of ways that businesses and individuals use insurance policies to protect their assets. Insurance law is complex, and there are several other ways to use insurance to protect individual and company assets.
Insurance coverage litigation requires the skills to navigate insurance and negotiate terms. Whether you need an attorney to review an insurance policy, or you want to protect a business partnership with a buy-sell agreement, you need an experienced insurance coverage attorney.
We represent businesses and individuals in a wide variety of coverage issues, such as:
We handle these types of claims:
We also work with clients through alternative fee arrangement to accommodate insurer-imposed hourly rates and to pursue bad faith denials of insurance coverage.
Just as each person is unique, every insurance contract is unique. Insurance provides protection for many of life’s unexpected events, but the complexities of most insurance policies are more than the average person can manage.
Small to large corporations, for example, have a need to properly arrange key person policies. That’s where an insurance attorney comes in.
Insurance law differs slightly from state to state, and many of our clients have holdings in each. They choose us because they need a firm with regional ties and multi-state legal capabilities. We have offices in Phoenix, Ariz., Las Vegas, and San Diego, Calif., and we specialize in regional business interests.
Your insurance coverage lawyer will focus on:
The purpose of insurance is to minimize exposure to risk. If the insurance coverage fails to adequately protect families and businesses from adverse situations, it has failed in its purpose. Whether insurance litigation is required to restore a situation, specialized contracts must be drawn or just a little friendly legal advice is needed, your Tiffany & Bosco team is here for you.
If you’re interested in more topics about family and personal law, read our articles here. If you’d like to read more about Tiffany & Bosco’s expertise in business law, explore these topics.