Insurance companies in every state in America are required by law to operate in good faith.
When an insurance company is engaging in fraudulent tactics, dragging
its feet, or harming the policyholder in other ways, the insurance
company may be operating in bad faith.
Is your insurance company operating in bad faith? Keep reading to discover some of the signs that your insurance company may be operating in bad faith.
Limited Communication:
Is your insurance company refusing to communicate with you? Is your
insurance company taking too long to respond to your emails? Does your
insurance company refuse to pick up when you call, or avoid responding
to your voicemails? If so, then your insurance company may be operating
in bad faith. Insurance companies are required to communicate with their
paying customers. An insurance company that is refusing to communicate
about a claim can result in that insurance claim becoming a bad faith
claim.
Denying Payouts for No Specific Reason:
Some insurance companies operate in bad faith by denying claims with no
specific reason given. An insurance company might deny your insurance
claim outright for no reason whatsoever. Or, they might provide a vague
reason or incorrect reason. Your insurance company is required to pay
out whenever the policyholder encounters a situation outlined in the
insurance contract. If an insurance company fails to live up to that
obligation, then the insurance company may be operating in bad faith.
Pressuring Policyholders to Accept an Unfair or Low Settlement:
In the days following an insurance claim, the insurance company might
approach you with a seemingly impressive offer. They might offer a large
chunk of cash upfront today, claiming that this is the best offer you
are going to get. In reality, the insurance company wants to limit its
liability and close the case as quickly as possible. When an insurance
company pressures customers into accepting a quick payout or unfair
settlement, the insurance company might be operating in bad faith.
If
your insurance company is engaging in any of the practices listed
above, then the insurance company might be said to be operating in bad
faith. Consider contacting a public adjuster or an insurance attorney to
ensure you are treated fairly by your insurance company.
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