Before you can clearly understand the insurance law, it is best if you know the definition of insurance first.
What is insurance?
Insurance is a contract that are given by insurance company, to reimburse their clients if they encounter a loss such as damage to property, illness, death and more. In order for a person to be insured he or she must pay a premium. Premium is paid on a weekly basis, monthly basis, quarterly or yearly.
What is insurance law?
The insurance law is actually under 3 major categories. The first category is that the insurance company will get a lawyer for the insured if ever she or he will get sued for something that is under the insurance contract. The lawyers that will represent insured are known as insurance defense lawyers. Here is an example scenario, if the client of the insurance company was involved in a car accident and caused injuries to another driver, the insurance company will provide a lawyer to represent their client. In the second category, the insurance law will help people that are insured that wants to file a claim against the insurance company. In the third category, the insurance company will hire a lawyer to help them comply to all of the rules and regulations.
There are a lot of kinds of insurances. The government handles other kinds of insurance such as unemployment insurance, workers compensation insurance and social security disability insurance. But the insurance law, is only under insurances that are provided by private insurance companies. The types of insurances that are provided by private insurance companies are title insurance, homeowners insurance, automobile liability insurance, malpractice insurance and health insurance. This can also apply to issue with disability insurance claim denials.
It is very important that you know the policy, the benefits, the coverage of the insurance, the claim and the premium. If you know and are familiar the policy then you will know what is covered by the insurance company in case you encounter a loss. You will also know the services or the amount of compensation.
Insurance defense lawyers are in contract with insurance companies. People cannot just hire these lawyers on their own. But, there are times when insurance companies allows their clients to choose their own lawyers. These lawyers make sure that they properly represent those people that are insured. You should be sure that you know and understand everything that is happening in your case. Always consult and ask questions to the insurance defense lawyer.
There are a lot of different kinds of insurance. A lot of lawyers know the aspects of the insurance law. Medical malpractice lawyers and personal injury lawyers usually work with medical insurance companies. Insurance attorneys usually deal with auto insurance companies.
Curious as to how much an insurance lawyers earn? Find out more at http://www.ehow.com/info_8694938_average-salary-insurance-lawyer.html.