What Is an Insurance Dispute?

No matter what type of insurance claim you have to file in Florida, you could end up in a dispute with the insurance provider. An insurance dispute can be a difficult and frustrating experience. With help from a Tampa insurance dispute lawyer, however, you can balance the scales between you and the insurance company. A lawyer could improve the odds of a successful outcome. Learn more about insurance disputes to make the next step forward with your claim.

Insurance Dispute Frequently Asked Questions

Whether you recently experienced a car accident or a tree falling on your home, dealing with the insurance claims process is not always easy. Discovering that an insurance company has denied your claim or has chosen to delay payout can make the process more difficult than it has to be. If your insurance company has continuously denied or delayed your payout, a lawyer may be able to answer any questions or concerns you have about the claims process.

What is an insurance dispute?

An insurance dispute arises when an insurance company and a policyholder do not agree on the terms of a settlement. The insurance company may deny the claim outright, offer less than the claimant believes his or her damages are worth or delay payout without a valid explanation.

What are the kinds of insurance disputes?

A dispute can happen for many reasons, but the most common are claims denials and slow payouts. An insurance company might also extend a settlement negotiation longer than it should reasonably go on.

What types of insurance can you dispute?

A policyholder can enter into a dispute with any insurance company regarding any type of insurance. Disputes may arise about auto insurance, property insurance, boat insurance, life insurance or other types of insurance policies.

What is insurance bad faith?

Insurance bad faith refers to an insurance company’s failure to fulfill its duty to process a claim in good faith. Every insurer must lawfully handle claims in good faith – meaning with fairness and honesty. Failure to do so, often in an attempt to save money, is insurance bad faith.

What should you do if you believe your insurance company is acting in bad faith?

Speak to an insurance bad faith lawyer about the possibility of filing a claim for damages. A successful lawsuit could yield payment for your original claim as well as additional compensation in interest payments and penalties. Insurance companies in Florida will owe 12% interest for each year of unpaid reimbursements.

Retaining an attorney is one of the best things you can do if you suspect insurance bad faith. If you and your family need money to repair your home or vehicle, but your insurance company does not appear to be dealing with your claim fairly, a lawyer can help you go up against the insurer in pursuit of financial recovery.

How to Resolve an Insurance Dispute

Start the dispute process by contacting your insurance company and discussing the source of your disagreement. Before you call, get a basic understanding of the laws surrounding your unique claim. Then, talk to the claims adjuster about why you are unhappy with how the company has handled your case. Be calm and polite. As proof of your dispute, send a letter outlining your points to the insurance company.

If your insurance company does not resolve the issue by itself, take your case to the Florida Office of Insurance Regulation and file an official complaint. The office will investigate your insurance company for bad faith dealings. Then, consult with a lawyer about your rights. You could have grounds for a civil claim against the insurance company for failing to handle your claim fairly. A lawyer can help you with complex or long-lasting insurance disputes in Florida. Contact us today to learn more about your legal options after an insurance dispute.