Binghamton Insurance Lawyer

The proven Binghamton insurance lawyers at Coughlin & Gerhart, LLP are experienced in the effective handling of insurance related lawsuits, as it pertains to New York insurance law. As a trusted New York insurance law firm, Coughlin & Gerhart, LLP’s highly skilled Binghamton insurance lawyers have managed a wide variety of insurance claims.

The Binghamton insurance attorneys have experience representing clients with 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
• Insurance
• Property Insurance

Experienced Binghamton 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. The area of New York insurance law involves the Federal laws and state statutes regulating the business and commercial conduct of the insurance industry.

While types of insurance vary widely in New York, their primary goal is to allocate the risks of a loss from the individual to a great number of people. Each individual 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 in New York.

Trusted Binghamton Insurance Law Firm

The Binghamton insurance lawyers at Coughlin & Gerhart, LLP are distinguished by a history of successful insurance claim recoveries and resolutions. For experienced representation in an insurance dispute, contact the Binghamton insurance attorneys at Coughlin & Gerhart, LLP in New York.