If you have insurance, you have the right to claim the coverage that is due to you. Your insurance company is legally obligated to review your claim in good faith. It cannot escape the obligation to investigate your claim or paying you—doing so may constitute bad faith. Bad faith claims and lawsuits may stem from a number of actions or lack thereof by insurance companies—from denial of coverage, to failure to negotiate a settlement.
Typical bad faith claims against insurance companies:
- Failure to deny coverage within a reasonable period of time
- Failure to pay claims
- Failure to properly investigate
- Lack of pertinent information communicated to the claimant
- Failure to disclose policy limits
- No attempt at a fair and reasonable settlement when liability is clear
- Offer of a substantially lower settlement than the value of the claim
- Lack of prompt or reasonable explanation for denial of a claim
- Failure to negotiate or review the settlement of the claim with the claimant
- Absence of a reasonable investigation into the claim
- Failure to act upon denial or payment of the claim within a reasonable period of time
- Unreasonable denial of coverage
Are you are experiencing any of these issues?
Insurance companies are liable to pay the claims they have guaranteed their customers in good faith.
Contact Hayes Law and begin the process of reclaiming what is rightfully yours.