Consumers always expect that the companies they employ to help them will always be trustworthy and accountable. It is the contractual duty of the insurance companies to honor a claim on your part. But unfortunately these companies do not always obey their commitment to honor a claim on your part. Instead they look for ways to minimize your legitimate claim in order to minimize liability or flat-out refuse to pay.
These insurance companies which refuse to fulfill their contractual obligations make you victim once again. These companies with their unlimited power and experienced professionals always try to avoid paying your claim by spinning your case at their side. The victims’ families are bullied by their inexhaustible power.
What is a Bad Faith Claim
Insurance Company’s failure to conduct a thorough investigation, refusal to settle a client’s claim in timely manner and the unreasonable denial of payment for a claim is regarded as Bad Faith.A client may sue the insurance Company for bad faith and breach a contract. Examples of bad faith are:
- Misrepresenting the facts related to coverage
- Failure to act with promptness in recovering the claim ignoring the statutory limitation
- Refusing to or failure to conduct a thorough investigation of the claim and its attributes
- After proof of loss statements are completed, the insurance company does not complete the claim in a reasonable amount of time
- Failure in protecting the assets and interest of the policy holder
- Putting the policy holder’s financial interest below the insurance company
- Settling the claim for lesser amount than the insured entitled to
- Refusing to reasonably explain a refusal to a claim
Personal Injury Law Office: Experts in Insurance Claim Law
Establishing a bad faith claim is such a difficult process that it should best be left to the experienced Legal offices of Personal Injury Law Office who are intimately familiar with practices of insurance company. The Bad Faith victim may have to prove that the Insurance Company has breached the formal agreement of good faith and has refused to proceed in fairly dealing with the claim in the client’s best interest. Call us today to consult with us and to know how we can help you.