Life is not easy and most definitely not smooth. Tragedies can strike anytime and anywhere. You worked hard to build a comfortable life for both yourself and your family. Did it ever occur to you what might happen after you are gone and that too untimely? How will your family survive with everything gone? Or how you are going to get back up financially in the event of an unfortunate life-threatening accident? Or your business failed, and you are unable to recover from the catastrophe? To make sure you or your family don’t suffer, monetarily, after a mishap, you can get insurance. Insurance will help you in covering costs of expensive misfortune.
So what is insurance?
Insurance is a contract between two parties wherein one party, the insured person pays a certain amount, called the premium, and the other party agrees to reimburse for any financial loss of the entity be it damage to the property, any grave illness or demise, providing you and your family the required financial security.
The kind of insurance everyone should have:
Health Insurance: The person under this insurance is insured if they have a life-threatening disease or an accident. It will help you with paying the hospital bills, post-recovery treatment, etc.
Life Insurance: This protects the family of the insured person after their untimely death. It is one of the most insurance claims and is beneficial since a certain sum of amount is returnable at the time of death or expiry of the contract.
Property Insurance: This covers the property of the policyholder like farms, houses and insured it against any risk like fire, flood, etc.
Mishaps wherein you can seek the help of insurance lawyer to get you the best compensation:
- Personal Injury Lawyer:
- Medical malpractice
- Auto accident
Why do you need an insurance lawyer?
- An insurance claim lawyer will represent you if the insurance companies reject your claim or do not pay the full value. A proficient insurance lawyer will help you with collecting valid evidence to prove your stand in the case and will give you the necessary guidance regarding how to deal with the conniving question of the insurance companies. They will provide the correct information to the insurance companies so that they can adjust the claim accordingly and you get the maximum value.
- Claiming insurance Is not just filing paper and waiting for the compensation to arrive in your bank account quickly. It can quickly escalate into a tribulation since most of the insurance companies are in money-making business and want to settle the client with the lowest possible compensation. Insurance claim lawyer will help you in getting the benefits you are entitled to.
- Going through the legal proceeding can be an ordeal. An insurance lawyer will assist you in how to tackle the legal hassles.
If you are an individual or an organization looking for insurance and reinsurance solutions, you can find the best law firm in Tanzania, with a team of skillful and experienced attorneys who can also help you with litigation, arbitration, intellectual property conflict and much more.