What You Need To Know Before Filing An Income Protection Claim

Filing an income protection claim can be a crucial step in securing financial stability if you’re unable to work due to illness or injury. 

However, before initiating the claims process, it’s essential to have a clear understanding of how things work. Read on as we walk you through how income protection insurance works and what you need to know before filing a claim.

#1: How your income protection insurance works

What is income protection insurance?

Income protection insurance provides financial support if you can’t work due to injury, disability, or illness.

These insurance programs typically cover up to 75% of your regular wage, ensuring you have some income to manage your expenses during your recovery period but the specifics of the income insurance coverage can vary. Some policies have different definitions of partial and total disability, which can determine how much and how long you could receive compensation for TPD claims.

It’s why it’s crucial to get a good idea of your policy’s specific terms and conditions.

Lawyers can help you understand the specifics of your policy

The specifics behind income protection claim policies can be confusing for most people, and this is where having legal assistance can be beneficial.

Your policy details things like the compensation amount, eligibility conditions, waiting periods and many more. A good injury or disability lawyer can make these terms comprehensible to you, allowing you to fully understand what steps need to be taken to process your claim and receive the income protection insurance benefits you’re entitled to. 

#2: Hiring lawyers to work on your claim offers many benefits

Lawyers can guide you through the process

Filing a claim involves gathering necessary documentation, accurately completing the claim form, and timely submitting the claim in a timely manner. 

Though this may seem straightforward, the income protection claim process often entails complexities and specific requirements that may be unfamiliar to you. An income protection insurance lawyer can clarify these complexities, making the process much more manageable and preventing potential pitfalls. 

Legal expertise maximises your odds of approval

When you have a good legal expert on the job, the odds of your claim getting approved drastically go up as well.

With expertise in handling claims, a lawyer can help identify missing documentation, errors in form submissions, and other issues that might arise. Recognising and resolving these mistakes early is essential. Providing proper guidance, lawyers can help you meet the necessary criteria and avoid hurdles that could delay or jeopardise the claim. 

Professional help takes the burden off your shoulders

If you’ve been involved in an accident, your focus should be on rest and recovery.

Legal and accident insurance details can be burdensome, and they divert your energy away from healing. Lawyers can handle everything in your stead, allowing you more time to focus on your health. They’re here to make everything simple and minimise your stress, ensuring that all legal aspects are well managed.

#3: You need to turn to reputable lawyers with experience in income protection claims

Expertise in similar cases is crucial

You can’t just hire any lawyer for the job. Choosing someone with experience in handling cases like yours is essential. Superannuation lawyers with specific experience in income protection claims Australia-wide understand the intricacies of the insurance process. They know the ins and outs of these types of claims, from the documentation required to the reasons why your claim may be denied. 

LHD Lawyers is experienced in income protection claims

With over 30 years of experience in the field, we’ve handled numerous income protection cases.

Our team has settled thousands of claims efficiently and effectively, ensuring our clients receive the compensation they deserve. We’ve honed our processes over decades, making us well-equipped to handle even the most complex cases. No matter what your unique circumstances are, we’re confident that we can provide tailored legal advice and guidance to suit your needs.

By choosing LHD Lawyers, you’re choosing a team dedicated to securing your financial stability. So, why not book a free claim check with us today?

Frequently Asked Questions (FAQ)

Can I claim income protection if I am self-employed?

Yes, as long as you meet the conditions laid out in your specific accident or disability insurance policy, you can file an income protection claim. The criteria might include proving your usual income, providing medical documentation, and adhering to any waiting periods.

If you are in doubt over whether or not you can claim income protection, the income protection experts at LHD Lawyers will be more than happy to give you the guidance you need. You can also check our list of compensation payouts for more insights.

How often will I receive payments from an income protection claim?

This depends on your policy. Generally, people get payments on a monthly or weekly basis.

Understanding the frequency of payments can be crucial for budgeting and planning your finances during a period of reduced income. So, make sure to review your specific policy terms to know exactly what to expect. If anything about your income protection claim policy seems unclear to you, our income protection lawyers will gladly assist you.

What should I do if my insurer disputes my income protection claim?

If you feel like your income protection claim was wrongfully denied, don’t worry; you have options.

• Gather all relevant documentation and review the reasons for denial mentioned by your insurer. It’s important to understand their standpoint to formulate a response or appeal effectively.  
• In some cases, misunderstandings or missing documentation can be rectified through direct communication with the insurer. 
• Hiring a lawyer is helpful, as they can help you better understand your options and go through any complaint or dispute resolution process you opt for.

LHD Lawyers brings expertise to the table that can significantly impact the outcome of your appeal. We can assist you in compiling the necessary paperwork, verifying that all details are correct, and representing your interests during negotiations or mediations. 

If all other options have been exhausted, we may also represent you should you choose to pursue legal action.

Get reliable support with LHD Lawyers

We at LHD Lawyers have your back every step of the way. Our team believes in handling insurance claim issues differently, offering a compassionate approach that helps our clients move past their injuries and get the compensation they are entitled to. 

With a success rate of 99 percent, you can rest easy knowing that you’re maximising your chances at getting rightfully compensated. What’s more, we even have a No Win No Fee* policy to give you some added peace of mind.

Book a free consultation with us today by calling 1800 455 725, and see how we can make a difference.

*no win no fee – excluding defendant costs.