In the general practice of our law office in Budapest, this formula is not so simple. Customers pay insurance premiums for long years to no avail; in particular, if an insurance event occurs, the insurance company is led by the only objective: to avoid payment of the sum insured. And there are several means to achieve this at their disposal.
It is highly important to study through the terms of insurance, i.e. the insurance policy, thoroughly before conclusion of the contract (as the case may be using the services of a law office in Budapest) because it includes the precise definitions of the individual insurance events and the conditions under which exclusions apply or the insurance company is exempt from liability. The range of such exclusions and exemptions is very wide.
First of all, attention should be paid to the basic principle according to which the insurance company does not undertake to pay full damages for an insurance event but it holds liability for the damage suffered by the insured only to the extent undertaken in the insurance policy.
Apart from the above, the insurance company will not pay if the insured cannot adequately prove occurrence of the insurance event or the insurance event does not correspond perfectly to the description of the particular insurance event.
Also, the insurance company will not pay if the insurance event corresponds to the description of the particular insurance event, but it is accompanied by such an event which is defined in the insurance policy – after all – as a ground for exclusion (i.e. excluding the insurance event from the range of events insured). In such a case the insurance company will not be liable to pay.
Furthermore, the insurance company will not pay if the risks it undertook includes the insurance event as an event insured, however, as a result of a circumstance or another, the insurance company is nevertheless exempt from payment.
Apart from the above, of course, the insurance company fails to pay – primarily and basically – as it is not interested in payment. For this reason it is worth using the assistance of a lawyer in a law office in Budapest specialized in insurance who would consider the case under the relevant legal regulations and the insurance contract and would provide guidance for the potential actions. Namely, the fact that an insurance company fails to pay does not necessarily mean that is should not pay. A good insurance lawyer in a law office in Budapest can convince the insurance company or the court of this fact.
If you have any questions relating to insurance contracts, you may contact our insurance lawyer in our law office in Budapest also via our online consultancy column.
