Unveiling Bad Faith Insurance Claims: Know Your Rights

Insurance policies protect us from unexpected events. However, sometimes insurers deny, delay or underpay valid claims, known as bad faith insurance. Keep scrolling to explore the common elements of bad-faith insurance claims and how a bad faith insurance lawyer can help.

Unfair Play: Understanding Bad Faith Insurance Claims

We purchase insurance policies to protect ourselves from unexpected events that can cause financial damage. Whether it's a car accident, natural disaster, or health emergency, insurance is supposed to provide a safety net for us. However, sometimes insurance companies fail to act in good faith and deny, delay or underpay valid claims. That is known as a "bad faith insurance claim."

When an insurance company denies or undervalues a claim without proper justification, it acts in bad faith. The insurer must comply with the policyholder's contractual obligation by promptly and fairly investigating, processing, and paying claims. You can hold them liable for bad faith practices if they fail to do so.

Bad faith insurance lawyers specialize in helping policyholders whose insurance companies have wronged them. They can help pursue legal action against insurance companies for failing to meet their contractual obligations and seeking the compensation their clients deserve.

Red Flags: Common Signs of Bad Faith Insurance Practices

If you believe you are a victim of bad-faith insurance practices, you should seek the help of a qualified lawyer. Here are some common elements of bad-faith insurance claims that you should be aware of:

  • Short-Changing Your Settlement -

One of the most common bad faith insurance practices is offering the policyholder significantly less than the claim is worth. Insurance companies may do this intentionally to increase their profits or to discourage policyholders from filing claims in the future.

A bad faith insurance attorney can help you assess the value of your claim and negotiate with the insurer for a fair settlement.

  • Unjustified Delays -

Another tactic insurance companies use to avoid paying claims is delaying the process without any valid reason. That can cause financial hardship for the policyholder, especially if they are waiting for the claim to pay medical bills, property repairs, or lost wages.

If the insurer fails to investigate or process a claim promptly, it may be considered a bad faith insurance practice.

  • The Consequences of Insurers' Delayed Decisions-

Insurance companies must decide on a claim within a reasonable time frame. When they fail to do so, they act in bad faith. This delay can cause further distress to the policyholder, and they may miss out on important deadlines for filing claims or seeking medical treatment.

A bad faith insurance attorney can help you navigate the legal process and ensure your claim is processed promptly.

  • Half-Baked Investigation-

Insurance companies must adequately investigate a claim before deciding. If they fail to do so, they may be acting in bad faith. A proper investigation includes gathering all necessary information, evaluating the claim based on the policy language, and consulting with experts.

A bad-faith insurance lawyer can help you gather the evidence necessary to prove that the insurer did not conduct a proper investigation.

Get Your Claim Back on Track: Contact Us for a Free Consultation Today!

Dealing with a bad faith insurance claim can be stressful and overwhelming, especially if you are unfamiliar with the legal process. That is why it is essential to seek the help of a qualified bad faith insurance lawyer who can fight for your rights and ensure that you receive fair compensation.

The West Law Firm has a team of experienced attorneys dedicated to helping policyholders whose insurance companies have wronged them. If you believe you are a victim of bad-faith insurance practices, do not hesitate to contact us. We offer a free consultation to assess your case and provide legal guidance on your options.

** Disclaimer: The above article does not imply a relationship between attorney and client, nor is it legal advice.