The TPD claim process can be daunting and lengthy. That is why many are interested in engaging a legal professional to assist them with their TPD claim.
In this article, we will cover everything regarding TPD and service charges for TPD claims. This guide will explore TPD claims, the timeline, the benefits of hiring professionals, and the No Win No Fee policy. Well, let’s dive right into it.
Understanding TPD Claims
First of all, let’s break down what TPD claims are and the eligibility criteria for filing a TPD claim.
What are TPD Claims?
TPD stands for total and permanent disability. TPD claims are part of an insurance policy that provides a lump sum payment to an individual who cannot work due to an injury or illness.
TPD Claim Eligibility Criteria
Each TPD policy is unique, however, in general the eligibility criteria includes:
- The individual is unable to return to work due to an injury or illness, with medical proof of total and permanent disability (according to the applicable policy definition).
- The individual has passed any applicable waiting period (usually between 3 and 6 months) in which time they have not worked in any capacity due to illness or injury.
- Specific requirements in the insurance policy. Insurers have different policies and definitions for what is considered TPD. Thus, the insurer’s policy must be checked to ensure eligibility for a TPD claim.
How to File a TPD Claim?
Before lodging a TPD claim, the first step is to thoroughly assess your insurer’s policy, to understand the relevant definition, any applicable exclusions, and your eligibility for the claim.
The next step generally involves waiting the initial period (from 3 to 6 months) as proof of being unable to return to work due to injury. After passing any applicable waiting period and making sure you are eligible, you can obtain the specific forms required from the insurer to lodge your claim.
When preparing the claim relevant documents, such as supporting medical reports and other evidence may also be included. There are usually one or two specific forms that need to be completed by your treating doctor or specialist.
After gathering all the documentation and filling out the form, the claim can be submitted for initial assessment.
Benefits of Hiring a TPD Lawyer
Hiring a professional lawyer to handle your TPD case can significantly increase your chances of winning the claim. Let’s overview the main benefits of the TPD claim.
Expertise and Knowledge
The number one benefit of hiring a professional is their expertise. TPD lawyers have a proven track record of success in dealing with TPD claims. They have extensive experience in filing a claim, communicating with the insurer, and appealing any adverse decisions.
Also, TPD lawyers are experienced in handling complex cases. Thus, they can efficiently maneuver and overcome various challenges presented along the way.
Professional Process
Expert TPD lawyers will take care of every step of the process, from identifying the applicable policy definition and any exclusions that apply, to the collection of supportive evidence and when required, entering into negotiations with the insurer. Even when the evidence is perfect, insurance companies may try to absolve themselves of liability. An expert lawyer will help you get fair compensation through this process.
Saved Time
Hiring a professional can also help you to save time when handling paperwork and deadlines. Lawyers will take care of everything, making sure the TPD claim process is smooth and fast.
If you are an individual without experience in dealing with TPD cases, it can be more difficult to see your claim through to approval. We always recommend that an injured party consider hiring professionals so that they can receive comprehensive advice in relation to their entitlements.
Factors Affecting TPD Claim Costs
There are a variety of factors that can impact the TPD claim cost. The end amount will vary depending on the complexity of the case and the amount of work involved. Let’s overview each of these factors in more detail.
The Complexity of TPD Claims
One of the main factors affecting the cost of hiring lawyers to handle the TPD claims is the complexity of the case. The complexity is determined by various factors ranging from medical conditions and policy details to disputes.
Amount of Legal Work Involved
Another key point affecting the cost of TPD claim services is the amount of legal work involved. This includes gathering the evidence and supporting documentation, ongoing communication with the medical professionals, and the insurers to get the best result.
The cost of hiring a lawyer for a TPD claim varies from case to case. However, most firms, including Walker Law Group, offer a “No Win No Fee” policy. In this case, you will not pay anything if your TPD claim is not successful. It is only if the case is successful, that you will be required to pay the legal costs under the no-win-no-fee costs agreement.
Frequently Asked Questions
It is time to address frequently asked questions.
How Long TPD Claim Payouts Take?
TPD Claim payouts take roughly from 6 up to 12 months. First, there is often an initial waiting period after an injury, which generally ranges from 3 to 6 months. Afterward, you are eligible to file a claim. The insurance company is usually required to complete a review of the claim within 6-months of all the relevant information being provided.
This timeline can vary depending on the complexity of the claim. One of the common ways insurance companies use to get more time is by asking for more documentation and evidence piece by piece. So, it is generally preferred if all necessary information is lodged upfront to avoid additional waiting time.
How Much is TPD Payout?
TPD payouts depend on the sum insured under the particular policy. At Walker Law Group, we have acted in TPD claims with a sum insured of $10,000 up to $2,000,000.
No Win No Fee | Get Expert Lawyers Who Charge if You Win
Hire expert lawyers to ensure you win the case. Walker Law Group presents a highly skilled professional team and offers its clients a No Win No Fee policy. Contact us today to find out how we can help you to win your TPD claim.
