What am I suing for, if I file a lawsuit against my LTD insurer?
You are suing for the payment of the disability benefits to which you are entitled, under your long-term disability policy. You are suing because your insurer declined to pay those benefits. An LTD lawyer at Verkhovets Law can help you file a lawsuit against your insurer. If you and your LTD lawyer at Verkhovets Law decide that the insurance company acted unfairly when they denied your claim, you can also sue for ‘bad faith.’ Your LTD lawyer at Verkhovets Law will also make a claim for pre- and post-judgment interest on the amounts claimed. Here’s some good news: Most long-term disability lawsuits reach successful settlement during negotiation and mediation with your LTD lawyer at Verkhovets Law acting on your behalf. LTD lawsuits typically do not end up going to trial. Settlement will result in a lump sum payment which is meant to compensate you for any past LTD benefits that were not paid, as well as benefits for future anticipated disability which is likely to result due to your inability to work. LTD benefits are paid monthly, at 60 to 75 per cent of your basic salary.