Houston First-Party Claim Lawyers

Life’s unpredictabilities can lead to unforeseen damages. Whether it’s a storm ripping through your home, a fire devastating your business, or any other calamity, your insurance is your safeguard against these uncertainties. However, when insurance companies don’t stand by their promises, you need a legal advocate who will stand up for your rights. Contact the dedicated Houston first-party claim lawyers at Patout & Shaw today.

First-Party vs. Third-Party Claims in Texas

A first-party insurance claim is one made by an individual directly with their insurance company. It’s the “first party” (the policyholder) making a claim against the “second party” (the insurance company) based on the terms of their policy. These claims arise when a policyholder suffers a loss and seeks reimbursement or benefits directly from their insurance provider.

On the other hand, a third-party claim is made by a person (the third party) against another person’s insurance company.

Types of First-Party Insurance Claims

There are several kinds of first-party insurance policies. Some of the most common are as follows:

• Homeowners or Renters’ Insurance: These policies cover damages to one’s home or belongings caused by specified incidents. For renters, the focus is primarily on personal property, while homeowners’ policies cover both the structure and its contents.
• Commercial Insurance Policies: Designed for businesses, these policies cover damages to structures or the contents within the building. For instance, if a fire engulfs an office, this insurance helps the business owner recoup losses.
• Excess or Umbrella Policies: These are supplemental policies that provide coverage beyond the limits of an individual’s standard policy. They kick in when the damages exceed what’s covered under the primary policy.

Texas Insurance Code and First-Party Claims

In Texas, the insurance landscape is not just shaped by market forces but also by clearly defined statutes and regulations, such as Texas Insurance Code § 542.003, which mandates that insurance companies must act in good faith when evaluating claims made by policyholders.

This ensures that insurance companies cannot unfairly deny a claim or drag their feet in processing it. The onus is on the insurer to assess claims promptly, offer a fair settlement, and provide a rationale if a claim is denied.

The Imperative of Hiring a Lawyer for Your First-Party Claim

Given the complexities surrounding insurance claims and the pivotal role they play in mitigating financial distress, it is strongly advisable to hire a competent first-party claim lawyer. A knowledgeable attorney can bring the following to the table:

• Experience: Insurance policies are often riddled with legalese. An attorney can demystify the terms, conditions, and exclusions, ensuring policyholders understand their rights.
• Ensuring a Fair Evaluation: Attorneys are aware of the tactics insurance companies often use to undervalue or deny a claim and can ensure you get a fair shake.
• Negotiation Skills: With their understanding of the law and its intricacies, lawyers can more effectively negotiate with insurance companies on behalf of their clients.

Contact Our Texas First-Party Insurance Claim Lawyers

While insurance claims might seem straightforward, nuances often arise, which can potentially complicate the process. Don’t file a first-party claim on your own–hire a dedicated lawyer who can protect your interests, every step of the way. Contact the Houston lawyers at Patout & Shaw today.