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Is My Insurer Acting in Bad Faith?

When you invest in a home, you’ll need to insure it to protect yourself against damages that you could sustain. However, choosing an insurance company can be tough—you don’t want to pay too much, but you also want your company to be reliable when you need them. This means treating your claim properly and acting in “good faith” throughout the claim process. However, many insurance companies are more concerned about their own profit margins than they are with your well-being, which sometimes leads to difficulties, known as “bad faith.”

To put it simple, “bad faith” is when your insurance company mishandles, mistreats, or attempts to discredit your claim in order to either save themselves money or force you to drop the claim. While insurance companies have the right to deny claims that they don’t have the responsibility to pay for, you also have the right to ensure that your honest and best-intentioned claims are handled quickly and responsibly in accordance with your policy

Signs of Bad Faith

How do you know if your insurance company is mistreating you? If you’re not experienced in dealing with insurance companies, recognizing what is justified and what is bad faith can be difficult. However, here are a few warning signs that you may want to retain a Miami insurance attorney who can hold your insurance company accountable.

Denying a Claim Without Reason
You should expect your insurance company to make a fairly quick decision as to whether or not they accept your claim. If they deny your claim, they are required to tell you why they chose to do so. If your claim is denied but you aren’t given a reason for it, there may not be a reason other than your insurance company just didn’t want to pay. Contact an attorney as soon as possible.

Bad Communication
Are you in regular communication with your insurance adjustor? If not, do you really know what’s happening? You should be able to easily reach out to your provider and reach someone who’s directly involved with your claim. If you can’t, there’s a good chance you’re getting the runaround and your company is trying to unjustly devalue your claim.

Delaying Payment
Insurance companies know that the longer they drag something out, the more likely you will be to accept a lower settlement or even give up on your claim just to get the process over with. Therefore, they’ll sometimes choose not to make a decision or put off issuing your decision for weeks at a time.

Threatening Statements
Does it seem like your insurance company is trying to get you to drop your claim? Are they threatening to cancel your policy or jack up your premiums if you go through with it? Are they giving you unreasonable demands in exchange for filing your claim? These are all underhanded bad faith tactics to get you to drop your claim.

If you’re in need of legal assistance for your claim, call The Morgan Law Group, P.A. today at (844) 818-0774 and request a case evaluation!