Insurance Claims Lawyers NSW

Data from the Australian Securities & Investments Commission (ASIC) shows around 86% of TPD claims are successful. However, this still leaves 14% that don’t get approved. An insurance claims lawyer can help you navigate the process and increase your chances of a successful claim through their knowledge of insurance companies and TPD claims.

While the average TPD payout in Australia is around $150,000, they can range from $60,000 to $2,000,000. In some cases, you may be eligible for multiple claims. What you’re eligible to receive depends on the severity of your injury or illness, the last job you worked before injury or illness and the length of time you’ve been unemployed.

To be able to claim TPD insurance, you must be totally and permanently disabled or unable to work. This can be from either illness or injury, however, it must be expected to last for the remainder of your life. You must be able to prove your illness or injury has made you unable to work your usual job or other occupations that fit your skillset, training or education. Many people find it hard to fulfil the requirements needed to satisfy their TPD insurer’s requirements, resulting in dropping claims. We can help you navigate the system and claims process to make it as easy as possible.

The most common reasons TPD and life insurance claims get rejected is insufficient medical proof to support the claim. In the case of mental illness claims, such as bipolar, the symptoms and criteria are often changed, also making it difficult to provide sufficient evidence. The insurer may also dispute the severity of the injury or illness, claiming there is capacity to return to work. This is where having an insurance claims lawyer can help you know your rights and the inner workings of insurance providers to decrease your chances of a rejected claim.

There is generally no time limit for lodging a life insurance claim. However, lodging the claim as soon as possible can help streamline the process. Before lodging a claim for life insurance, you will need the insured person’s name, address and date of birth, their proof of insurance and policy number, details of the person’s passing, including their death certificate, and details of their beneficiaries.

You may be able to claim life insurance before you die if you have a terminal illness diagnosis with 12 months of life remaining. If you do happen to live longer than the 12 month, you do not need to pay back the amount received. However, this payout can help with medical and financial costs associated with your illness or settling your affairs to prepare your family for the future.