Judicial insurance claims and traffic lawsuits against insurance companies that refuse to pay indemnities derived from insurances of every kind (life, disability, traffic, etc.) are quite common today. This kind of lawsuits have, according to the founder of Espacio Legal, Marcelino Tamargo, many possibilities to be successful if the affected party has a skilled and expert legal advice in this area.
It is a common practice for insurance companies to use unfair terms or refuse to pay full compensation after an accident or mishap. These situations can be especially serious when a life or disability insurance was signed together with a home loan (a very common practice required by bank and lending entities). In these situations, users will find themselves in a dead-end situation, as they have to keep coping with mortgage payments.
The usual sectors in which Espacio Legal develops legal defence in this field are:
- Life: They are the insurance in which the policyholder pays the premium and the beneficiary receives the capital in the event of the death of the former.
- Disability: Covers the risk of losing the ability to work by accident or illness.
- Traffic: Cover accidents or damages caused by traffic accidents foreseen in the mandatory policy of vehicles in circulation.