What You Need to Know About Bad Faith Insurance
Signing up for insurance means you enter a binding contract with an insurance company. Under the law, an insurance company is supposed to honor your policy, but sometimes they fail to pay your claim in a timely manner or improperly investigate it. When insurers use illegal and unfair tactics to undervalue or delegitimize your claim, they are acting in bad faith.
As explained above, bad faith insurance results when an insurance company refuses to settle a valid claim from one of their policyholders. The majority of bad insurance claims derive from the following actions taken by an insurance company:
- Failure to properly investigate your claim
- Giving false or misleading information about the status of your claim or policy
- Delayed or complete lack of settlement offer
- Sudden termination of your policy after filing a claim
- Inability to give a reason for the denial of your claim
In order to prove bad faith, you must first hire an attorney who can guide you through the process of filing a claim against your insurer. Start by collecting official documents with dates showing when you filed your claim and how long it took your insurer to respond. Next, you should research your original policy and negotiate a proper settlement with your insurance company. If you are denied, you will have to take your case to trial.
If you or someone you know was the victim of bad faith insurance, contact our Miami bad faith insurance lawyers The Morgan Law Group, P.A. We can help you file a legal claim against your insurance company for the damages you should have been paid and more. All work is done on a contingency fee basis; we do not charge legal fees unless we recover money for you.
Call (844) 818-0774 or contact us online for a free consultation.