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3 Bad Faith Insurance Examples

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When you purchase an insurance policy, you expect the company to act in good faith. This means they will do everything they can to help you when you need it most. Unfortunately, not all insurance companies operate this way.

In some cases, they may try to deny your claim or offer a low settlement amount. This is known as bad faith insurance. In this blog post, we will discuss three examples of bad faith insurance and what you can do if it happens to you.

#1 - Denying a Legitimate Claim

An insurance company may deny your claim in bad faith if they don’t believe it is legitimate or doesn’t meet their criteria. This can be incredibly frustrating and can even leave you without the coverage you need. If you feel like this has happened to you, make sure to document all of your attempts to contact the insurance company so you have proof they denied your claim in bad faith.

#2 - Delaying Payments

Insurance companies are legally obligated to handle claims quickly and efficiently. If an insurer delays payments on a valid claim, they could be acting in bad faith. Again, make sure to keep records of all communication with the insurer and file a complaint if necessary.

#3 - Low-Balling Settlements

When an insurance company makes a low settlement offer, they may be trying to save money at the expense of their customers. This is one of the most common forms of bad-faith insurance. If you feel like your insurer has made a too-low settlement offer, try negotiating for more or seeking legal advice.

If you think you’ve been a victim of bad-faith insurance practices, make sure to contact an experienced lawyer who can help protect your rights and get you the coverage you deserve.

We’re Here for You

Don’t hesitate to reach out to our skilled team if you believe you’ve suffered as a result of bad faith insurance practices. You may be owed compensation for your losses.

If you have been harmed by bad faith insurance practices and need help with your lawsuit, contact the skilled attorneys at Berthold Law Firm, PLLC with the details of your case by calling (304) 605-2040 or by filling out our online contact form.