You send off your insurance payments each month with the expectation that you will be covered in the event of an accident. However, when you go to claim a settlement, it can be tremendously frustrating to learn that your insurance claim has been unlawfully denied. At the Morgan Law Group, we understand that the insurance claims process is not always straight forward which is why we have compiled several of the most frequently asked questions about bad faith insurance. If your question is not answered below, or you would like more information on the services we offer, request an initial consultation with our firm today.
When you purchase insurance, you are given a policy that outlines the specific agreements between you (the insured) and the insurance company. When an insurer does not honor the terms of your policy and attempts to unlawfully deny or reduce a legitimate claim, they are said to be acting in bad faith. Additionally, refusing to provide information as to why a claim has been denied or delayed may also be an act of bad faith.
In the event that an accident occurs, it is recommended that you begin to gather evidence supporting your claim as soon as possible. Take videos and photos showing the precise nature of the damages and find any “before” pictures for comparison. The adjuster who reviews your case will likely have their own file and evidence relating to your claim. By documenting the damages you have suffered, you can be better equipped to protect the value of your claim, especially if discrepancies should arise.
Once you accept a settlement, you may not be given a chance to go back and renegotiate. For this reason, it is vital that your compensation adequately covers the costs of your damages. Before accepting any offer or attempting to negotiate with an adjuster, contact an attorney from our firm. We can work with the insurance company on your behalf to maximize the value of your claim. When negotiations break down completely and litigation becomes necessary, our attorneys can aggressively represent your case in the courtroom.
When an insurance company is attempting to reduce or deny a claim, it can be difficult for the average person to assess what a settlement should be worth. While this is one of the most common questions, unfortunately, there is no simple answer. The insurance claims process can be complex and the value of your claim can be influenced by numerous factors. Additionally, as your case progresses and additional information is uncovered in an investigation, the total value of a claim will often fluctuate.
No two cases are the same and not every insurance denial will constitute a bad faith insurance claim. Insurers do possess the right to deny a claim but can only do so when they possess a legitimate, legal reason. For example, if the insured misses a deadline during the claims process, it may result in a delay or even a denial of the claim.
If you have reason to think your claim is being unfairly treated and your insurer is acting in bad faith, it is critical to take legal action as soon as possible. At the Morgan Law Group, our Miami insurance attorneys are backed by more than 40 years of combined experience and can fight tirelessly to get you the compensation that you deserve. If you have questions about the terms of your policy or if you suspect that a violation occurred, do not hesitate to contact our legal team.
Call (844) 818-0774 or contact us online and speak to an attorney about your legal options.