Lloyd's of London is a name that is synonymous with high-end insurance policies and benefits. If you are injured or become ill and need to make a claim on your policy, you may find that it is more difficult than you anticipated.
This is because Lloyd's of London tends to serve policies that include high-benefit payouts and high premiums. In this blog post, we will discuss some of the reasons why it can be difficult to receive disability benefits from Lloyd's of London.
High Premiums and High Benefit Payouts
One reason that it can be difficult to receive disability benefits from Lloyd's of London is that the company tends to offer policies with high premiums that pay out a high benefit. Often time it is a onetime lump sum payment once disability has been established This means you will have to pay more money in order to maintain coverage than you would if you were dealing with a different insurer. Because the pay out is larger, they may have more hurdles to get through to get approved.
Detailed Medical Documentation May Be Required
Additionally, the company may require detailed medical documentation in order to support any claim for disability benefits. This could mean more support from treating providers, independent providers and outside testing. As such, it can be a challenge to provide all of the necessary paperwork and documents needed for a successful application and approval process.
Long Waiting Periods
Another issue with receiving disability benefits from Lloyd’s of London is that they tend to include long waiting periods before payments are made. Unlike other insurers, which may issue a policy with a shorter elimination period, Lloyd's of London could take several months before you receive payment. This happens once they find you are disabled from working under the terms of the policy.
No Assistance Is Provided
Finally, it is important to note that Lloyd’s of London does not offer any kind of assistance when it comes to filing claims for disability benefits. Unlike other insurers, they do not provide any help in terms of paperwork or advice on how to successfully apply for benefits. This means that it may be difficult to navigate the process without professional assistance or legal counsel.
Lawyers with Expertise in Disability Insurance Claims
This law firm has always focused only on disability insurance law.
Because we specialize in long-term disability, our clients get the benefit of the following:
- Having an attorney who is an expert in long-term disability claims;
- Having an attorney who has experience with every major disability insurance company;
- Being backed by a law firm that has a proven track record of winning tough disability lawsuits.
Call Dabdoub Law Firm to get experienced disability lawyers on your side.
We can help with the following:
- Submitting a disability insurance claim;
- Appealing a long-term disability denial;
- Negotiating a lump-sum settlement; or
- Filing a lawsuit against your disability insurance company.
The firm represents clients nationwide with disability claims governed by federal law, even if we are not located in your state.
Call to speak with an experienced disability attorney. Pay no fees or costs unless you get paid.
Contact Dabdoub Law Firm today at (800) 969-0488 or fill out the online contact form to speak with an experienced attorney about your case.
