What Is Bad Faith Insurance? Article

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What is Bad Faith Insurance?

The insurance you purchase from a variety of companies means that you have entered into a contract with them. This contract states that as long as you continue to pay the premiums on time, the company will quickly and effectively take care of any insurance claims you may file.

Author: Sara Goldstein

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Although the insurance company is bound by law to pay you, they do not always follow the rules they should.

Insurance companies are driven by profit, and not because they want to help you. By minimizing any settlement and maximizing their profit margin, they have done their job. They may delay your claim or find other creative ways to keep you from getting what is yours by law. This is bad faith insurance, and the companies’ lawyers, who will fight tooth and nail to keep from paying you if they have to, know this.

Examples of Bad Faith Insurance
• Delay of claim payment of claims for an unreasonable amount of time
• Denial of claim payment
• Unreasonable denial of coverage
• Failure to investigate a claim properly or reasonably
• Refusal to settle or reimburse claims unfairly
• Unreasonable interpretation in translating the language within your policy
• Withholding benefits without cause
• Undervaluing a claim
• Underpayment of claims
• Unjustified cancellation of your insurance policy

It can seem like you are up against a giant when an insurance company acts in bad faith. After all, they’re a massive corporation with an army of lawyers and you’re one person. However, you have the law on your side and have legal rights in this matter. Hiring an experienced bad faith insurance attorney is the best thing you can do in these cases.

If you have been involved in an auto accident, suffered a serious personal injury, or you have been forced out of your home due to fire or flood, and you have the appropriate insurance in place, you should be able to file a claim and receive compensation without any trouble. If you run into resistance in any way, contact a lawyer immediately.

If you believe your insurance company is acting in bad faith toward a claim you have filed and are in the Philadelphia or Lancaster, Pennsylvania area, please visit the website of Atlee, Hall & Brookhart, LLP.

About Author

If you are in Philadelphia or Lancaster, PA and need legal representation, the Law Offices of Atlee, Hall & Brookhart are here to help. We specialize in all types of legal representation, including personal injury, motor vehicle accidents, medical malpractice, nursing home abuse & neglect, wrongful death, product liability, insurance bad faith, employment law, and more. Contact us today to schedule your complimentary case evaluation

Article Source: http://www.1888articles.com/author-sara-goldstein-4751.html

What is Bad Faith Insurance?