We take on insurance policies to cover our backs for unexpected circumstances. While we look at insurance as a responsible investment for a security net, some companies work hard to hold on to your money. Insurance companies have a responsibility to assess situations responsibly and give clients the help they promise – when they fail to do so, they cross a line of insurance “bad faith.”
What is a claim of bad faith?
Due to the nature of insurance companies, their contracts must uphold “good faith.” In other words, they need to take responsible steps to evaluate situations to offer fair settlements properly. They should not purposely try to invoke unfair loopholes or make biased evaluations that act in their favor.
When they do, some choose to make a claim of bad faith against an insurance company.
While insurance companies are businesses, the nature of their industry implies that they look out for people. Trying to con people out of the safety nets they paid for is not only immoral but often illegal.
Standard insurance coverage dispute issues:
Any insurance company may try to refuse settlements when it’s time to pay up. Some of the more common examples of this would involve:
• Homeowner’s Insurance
• Car Insurance
• Health Insurance
• Home Fire Insurance
• Professional Malpractice Insurance, such as Errors and Omissions Policies
• Malpractice Insurance
• Commercial General Liability Policies
• Corporate Officers and Directors Policies
Insurance companies may try to do what they can to get out of paying you your money. They may try to claim you broke a vague clause or go back on the scope of their coverage. While some policymakers purposely create clauses covering their tracks, don’t let them trick you out of the money you deserve. The purpose of insurance is to cover accidents, and it’s unfair to find out you paid all this extra money for nothing.
Is there anything I can do?
If your insurance company tries to cheat you out of money, you don’t need to settle it alone. These actions are illegal, and compensation may be possible. While some people try to take on insurance companies on their own, enlisting the help of professionals is often a wise choice. Attorneys have the resources and experience to take on large companies.
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Call Alexander Shunnarah Trial Attorneys today or visit CallMeAtlanta.com to get your free, immediate case evaluation. A compassionate intake specialist will take your call, answer all of your questions, and connect you with counsel for further case evaluation.
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