Thing To Know About Bad-faith Insurance

We all buy insurance policies to ease our lives when unexpected circumstances come our way. However, not everyone gets lucky when purchasing an insurance policy. Many encountered what we refer to as bad faith insurance. Here we will explain what bad-faith insurance is.

Understanding Bad-Faith Insurance?

Bad faith is a deliberate act when an insurer does not meet its legal obligations. It happens when an insurance company intentionally misleads people into entering into an agreement without the intention of fulfilling it. Below, we will go through some bad-faith tactics, so it will be easier for you to recognize them.

• Delaying decisions on claims
• Denying claims without investigation
• Not investigating claims in a timely matter
• Offering less compensation than a claim is worth
• Refusing reasonable requests for documentation
• Failure to communicate on time with the claimant
• Not notifying the claimant of the necessary information
• Misrepresentations of facts to offer a lower settlement
• Altering an application without the knowledge of the claimant.

If an insurance company tries to do any of these bad faith practices, the law permits you to file a lawsuit.

How To Fight A Bad Faith Insurance

Fighting bad faith insurance requires more than knowing how to file a lawsuit. It is too complicated to do it by yourself. You need to ensure that you have the best legal team. Having a lawyer could give you some legal advice on how to proceed.