BAD FAITH INSURANCE
As an injury-only law firm, Basch & Keegan deals with insurance companies all the time. We’ve seen first-hand just how insurers and adjusters attempt to deny and delay injury claims and underpay accident victims. In cases where an insurance company has acted unreasonably, we’ll work to hold them responsible for bad faith insurance practices.
Your insurer has a duty to treat you fairly and act in good faith.
For any insurance policy you have—auto, home, health, etc.—your insurance carrier is contractually obligated to act in good faith toward you. This means the insurance company and its adjusters must treat you fairly when determining the validity of any claims you file for compensation after an accident or injury. If your insurance company acts unreasonably or unfairly in handling a claim – it may be liable for bad faith. Examples of bad faith insurance practices include:
- Delaying payment on a claim with no legitimate reason
- Unreasonable underpayment on a claim
- Failing to pay a valid claim
- Cancelling a policy to avoid paying a claim
- Requiring an excessive number of statements or estimates to support a valid claim
- Failing to provide a written explanation of why a claim has been denied
- Failing to thoroughly investigate a claim
- Improperly refusing to defend a lawsuit
- Improperly refusing to pay a judgment or settlement of a covered lawsuit
As you can see (and may have experienced), there are many ways insurance companies attempt to pay as little as possible on covered claims. However, it’s often difficult to determine what’s legal and what’s not. At Basch & Keegan, we’re fully aware of the means insurance companies use to avoid paying policyholders the maximum value of their claims and can determine if underhanded methods were used in your case.
Victims of bad faith insurance may recover additional compensation.
If your insurer wrongfully denied your insurance claim, you’ll be eligible to receive your policy benefits (those that were previously denied to you), as well as consequential losses resulting from the insurance company’s bad acts. These could include damages for property loss, lost income, physical and emotional distress, and attorneys’ fees. If the insurer exhibited intentional, flagrant, or gross misconduct, you could also receive punitive damages.