Most people and businesses carry insurance. This insurance may provide coverage for damaged property, personal injury, life or health. Regardless of the type of insurance, insurance companies are obligated to live up to the terms of the insurance contracts. If the companies do not perform under the terms of the contract, then the policyholders are entitled to bring a claim for damages. Depending upon the circumstances, an insurance company that does not provide coverage according to the terms of the contract may be sued, not only for breach of contract, but for deceptive trade practices and failure to deal fairly with its policy holders. Under special circumstances, an insurance consumer may be entitled not only to monetary compensation for the injuries he or she has received, but also reimbursement for attorney's fees, costs, and even punitive damages. If an insurance company fails to properly pay you, the claim should be investigated as soon as possible. Lawsuits may be barred by law if you wait too long.