Insurance Law

Insurance Law Attorneys

Representing Clients in North Carolina and South Carolina

When an insurer does not make good on a legitimate insurance claim, it is time for the insured to discuss the matter with an experienced lawyer. Stakes may be large when an insurance company reneges on its policy terms after a hurricane, tornado, thunderstorm, snowstorm, theft, auto accident, or medical emergency, to name a few possibilities.

Discuss your insurance law or insurance coverage dispute with an experienced lawyer. Contact The McGougan Law Firm by phone or email to schedule a consultation.

Varieties and types of insurance vary widely. Each policy has its own precise terms and conditions. But in every case, the primary goal of an insurance policy is to allow for assumption of risk by a large number of people, to be paid out to individuals who suffer losses covered by the insurance policies.

Each individual who purchases insurance pays a premium that is not returnable, regardless of whether the particular individual suffers the medical, property, or other loss or not. After a fire or earthquake, for example, the loss is spread among the people who contributed to the general pool of funds by paying insurance premiums.

Insurance companies are expected to protect the funds, and pay out according to policy terms. In a busy world, significant losses incurred on the job, in transit, or due to catastrophic weather events are common.

Insurance contributes to economic stability by allowing families and businesses to carry on despite disasters here and there. Insurance law spells out the responsibilities of insurers to their insureds. The government and the courts regulate insurance companies and expect them to be fair to consumers. Furthermore, insurance policies constitute contracts which insurance companies that issue them are expected to make good on when necessary.

To schedule a consultation with an experienced insurance lawyer about specific insurance claims, insurance bad faith, or other aspects of insurance law in North Carolina, contact The McGougan Law Firm.