What are the benefits of making a superannuation claim?
Published 21 Oct 2015
Pursuing a superannuation dispute can be a complex and time-consuming process, with the case ending up in the courts if the parties involved are unable to come to a mutually agreeable outcome.
It is not uncommon for insurers to reject a superannuation claim when they believe the individual is not eligible for compensation under the terms of their insurance policy.
However, if you feel you have a legitimate case, there are a number of benefits to enlisting the services of an experienced legal firm to handle your claim.
1. Medical coverage
Suffering a serious injury or illness can quickly cause doctor’s bills to stack up. The cost of treatment, ongoing care and any necessary medical equipment can be debilitating, particularly if you’re also taking time off work.
Successful claimants often receive compensation to cover these expenses, which can sometimes run into the hundreds of thousands of dollars.
2. Financial security
A total and permanent disability could prevent you from ever returning to the workplace, potentially having a significant impact on you and your family’s financial situation.
If a judge rules in your favour, you will likely receive money to cover lost wages and superannuation for both the past and future. Payouts exceeding $1 million are common for people who had a long working life ahead of them before their disability.
Aside from the financial implications of a claim, for many clients it’s a simple matter of seeking justice. When you are owed money under your superannuation policy, it’s only fair that your insurer pays up.
Expert superannuation dispute lawyers can give you an accurate assessment of the strength of your claim, ensuring you only pursue your case through the courts if you’re entitled to compensation.
4. No-win, no-fee structure
A major concern for many claimants is the cost of a dispute. You may be worried that a loss could leave you with considerable legal fees to cover.
Choosing a no-win, no-fee lawyer means you won’t be liable for the costs of a superannuation claim until you receive a settlement. This should give you the peace of mind you require to proceed.
Are you considering making a claim for compensation? Gerard Malouf & Partners are experts in the area of superannuation disputes and personal injury law.
Please contact us today to receive a free consultation and advice on how to begin the process of filing a claim.