Millions of people routinely hand over payments each month for their insurance policies. However, many insured clients fail to realize that the insurer is first and foremost concerned with profit. Bad faith insurance claims are very much a problem across the country, and rules regarding this issue fluctuate from state to state.
Countless people are taken advantage of by insurers looking out for themselves instead of the people who pay to be insured through them. A skilled attorney can help insured individuals receive a fair payout.
What Is a Bad Faith Insurance Claim?
A bad faith insurance claim occurs when the insurer tries to go back on its promise to assist its clientele through their insurance claims. This includes when the insurer refuses to pay a client’s legal claim or scrutinizes the client’s claim within an acceptable period.
The term “bad faith insurance” essentially refers to the insurer acting in bad faith regarding the policy holder’s trust. It can apply to any insurance policy, including health insurance, life insurance, homeowners insurance, and auto insurance.
How Do I Know If I Have a Bad Faith Insurance Claim?
There are several telltale signs that you have a bad faith insurance claim. Some of the characteristics to look out for include:
- Unreasonable claim delays: Your insurer continually delays processing your claim unnecessarily.
- Cancellations in policy: In some cases, insurers will try to locate misrepresentations in a policyholder’s history that could void the policy.
- Policy exclusions: Insurers will try to tie in various exclusions, some of which may be very vague.
- Refusing to pay for a legal claim: Insurers are responsible for paying out on justifiable claims. If your insurer fails to do so, you may have bad faith insurance.
- Policy misrepresentation: Sometimes, insurers will try to elude paying out on claims by complicating or mischaracterizing terms, policy provisions, and requirements. Insurers may concoct a policy with convoluted wording that works in favor of the insurer.
- Minute settlement offers: Many insurers will provide meager settlements that have their best interest in mind and do not favor the insured client.
If you have noticed signs indicating that you may have a bad faith insurance claim, an experienced attorney may be able to help.
Consult with an Attorney Today for Help with Your Bad Faith Insurance Claim
Florida is equipped with Bad Faith Laws to protect the insured and help them recover damages from an insurer who failed to settle a claim in good faith. Contact an attorney today if you are unsure if your bad faith insurance claim is protected under these laws or need help with a bad faith insurance claim.
The talented team at Waring Law is ready to help you recover damages from your insurer. After assisting countless victims in receiving millions of dollars in compensation, they may be able to help you. To get started with a free consultation, visit their website and fill out the contact form or call (954) 388-0646.