When you purchase an insurance policy, you do so for a reason. In the event that something happens, you want to be financially reimbursed. Whether you're filing an auto insurance claim after an accident
or you're filing with your homeowner's insurance after a hurricane
or a fire
, you expect that your claim will be approved. However, insurance companies often act in bad faith in order to avoid paying out on a claim or to pay as little as possible. Here's how to tell when an insurance company may be acting in bad faith.
If your insurance company delays returning your phone calls, delays filing paperwork, or just delays the process in general without adequate reason to do so, your insurance company may be acting in bad faith.
Lowball Settlement Offers
Another way insurers act in bad faith is to lowball claimants. While it is common for insurance companies to offer the lowest possible settlement first, if the settlement amount is significantly lower than what a reasonable person would consider to be an adequate offer, this could be bad faith.
Failure to Adequately Explain Denial or Offer in Compromise
If your insurer decides to make an offer in compromise or outright denies your claim, they must provide an adequate explanation of why they have chosen to take this route. If you do not receive a detailed denial letter or information regarding the denial or offer in compromise, your insurance company may be acting in bad faith.
Making Requests for Documentation Not Required by Your Policy
Sometimes, insurers will attempt to delay or trip a claimant up by asking for documentation that isn't required by the policy. Read and understand your policy and what is needed to submit a claim, and make sure to submit all documentation when you first submit your claim. Contact an attorney if your insurer asks for extra documentation.
Contact the Law Offices of John D. Ameen, P.A.
Since insurance companies are typically difficult to deal with, it can be hard to know if a company is acting in bad faith. If your insurance claim has been denied or you suspect your insurance company isn't handling your claim adequately and according to the law, it's important to contact an attorney as soon as possible. Reach out to the Law Offices of John D. Ameen, P.A. today to learn more about your rights by calling us at (800) 555-4011.