Syracuse Insurance Lawyer
The proven Syracuse insurance lawyers at Smith, Sovik, Kendrick & Sugnet, P.C. are experienced in the effective handling of insurance-related lawsuits, as it pertains to New York insurance law.
The Syracuse insurance attorneys have experience representing clients in insurance law matters involving:
- Car Insurance
- Casualty Insurance
- Commercial Insurance
- Consumer Fraud
- Disability Insurance
- Fire Insurance
- First Party Insurance
- First and Third-Party Insurance
- Flood Insurance
- General Liability Insurance
- Homeowners Insurance
- Insurance Bad Faith
- Property Insurance
Experienced Syracuse Insurance Attorney
The term “insurance” is a contractual agreement; most commonly refers to the instance of an insurance policy, which legally binds the insurer to cover the cost of all or any portion of damages suffered by the insured party as defined in the policy. In its essence, the purpose of insurance is to measure the risks of a potential loss from the insured party.
While types of insurance vary widely, their primary goal is to allocate the risks of a loss from the individual to a great number of people. Everyone pays a “premium” into a pool, from which losses are paid out. The premium is not returnable if a loss is not suffered; in that case, the payment is for ‘peace of mind”. Thus, when a loss is suffered, the loss is spread to the people contributing to the pool. To ensure these pools are properly managed and adequately funded, the government and the courts heavily regulate the insurance industry.
Trusted Syracuse Insurance Law Firm
The Syracuse insurance lawyers at Smith, Sovik, Kendrick & Sugnet, P.C. are distinguished by a history of successful insurance law recoveries and resolutions. For experienced representation in an insurance dispute, contact the Syracuse insurance attorneys at Smith, Sovik, Kendrick & Sugnet, P.C. in New York.