What Is Insurance Bad Faith?
If you are having problems with a valuable insurance claim, your success getting the coverage and benefits you paid for could well depend on the attorney you choose. You may also have heard the term insurance bad faith used in connection to unscrupulous actions by insurance companies and wondered if your own negative experience qualifies.
Claim Denial Or Delay? Does Your Insurer Have A Reasonable Basis For Its Position?
On a fundamental level, any insurer that knowingly and willfully avoids an obligation under its policy may be required to pay not only the value of the claim but additional damages for insurance bad faith. The real threat of a lawsuit exposing such unlawful practices is often the only means a policyholder has of holding these profit-focused companies accountable.
Some claim denials and delays have real reasons behind them, or result from legitimate administrative mistakes. Many others are driven by consciously applied strategies and techniques used by insurers to minimize their obligations and protect their profits. A few of the more common forms of insurance bad faith include:
- Denying coverage due to a pre-existing condition, alleged omissions on the application or other problems
- Wrongful claim denial, sometimes without conducting an adequate investigation of the facts
- Underpayment of claims through failure to properly assess covered damages, replacement cost or other factors
- Misrepresentation of policy terms, either in the form of overstatement when the policy was originally sold or in interpreting those terms once a claim is submitted
At Williams Law Association, P.A., in the Tampa, Florida, area, we battle insurance companies on behalf of our valued clients every day. Respected lawyer K.C. Williams’ successful experience extends across the spectrum of homeowners and commercial property damage claims, personal injury cases, and other insurance matters.
Victimized By Bad Faith? Insurance Law Counsel You Can Trust Is One Call Away.
If you suspect insurance bad faith or want to protect your rights upfront, please
contact a law firm that will perform the necessary investigation and offer the utmost in results-driven legal representation. Call (800) 451-6786 today for your free consultation with a dedicated insurance claims attorney.